Maybe because FReepers are smart enough to know the difference between a VAT (which Cain’s plan is not) and a sales tax that replaces almost 30% hidden taxes in the products and services you buy.
We are smarter than the average bear here.
To set the record straight, they are not saying the sales tax is a VAT. They are saying his proposed income tax, because it lacks a deduction for wages, functions as a VAT.
“We are smarter than the average bear here.” mnehring wrote.
Oh, I see. Then manufacturers and small businesses will be exempt from the nine percent tax when they pay for materials? Or will they just be prohibited from passing the extra cost along to the consumer? Smart bears or fuzzy math?