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To: Beagle8U

Go read up on the plan. Materials for the Manufactured goods are exempt from the sales tax. Buyer pays 9% on entire product once. Not even close to a VAT.


62 posted on 10/20/2011 7:43:10 AM PDT by CSI007
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To: CSI007; All
“Go read up on the plan. Materials for the Manufactured goods are exempt from the sales tax.”

Perhaps you should read the (ever changing) plan. Only American made goods that go into products are exempted from the corp 9% tax, and none of the labor is exempted from that 9% corp tax. Then the product goes to the next business in the supply chain and the whole process is repeated, every step along the way that 9% corp tax is added at the end. THEN, when it finally gets to the retail customer a 9% sales tax is added to the entire mess.

That is what makes it a VAT.

65 posted on 10/20/2011 8:38:17 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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