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To: TexasRepublic
His proposed tax on business is a flat tax on the gross minus the cost of the goods - no deductions for salaries, etc., so it is basically the same as a VAT.

I do not like what I have heard and read about his proposed tax.

36 posted on 12/16/2015 10:30:42 AM PST by Abby4116
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To: Abby4116
no deductions for salaries

From his website:
replaced with a simple 16% tax on net business sales (gross sales minus expenses and capital expenditures)

In my world of accounting, wages are a major business expense. Either I've misread this or you have a different understanding of net sales than I do.

60 posted on 12/16/2015 11:51:24 AM PST by Bearshouse
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