Sales tax and VAT are the essentially the same thing. What’s wrong with taxing consumption and easing/simplifying/lowering taxes on income? I for one an sick of the use of the trillion page tax code to manipulate human economic behavior.
Plus a sales tax forces the government leeches to pay some taxes.
Nothing... IF the income tax could be eliminated completely first. Everything, if its not - because then we'll have Sales Tax, VAT tax, AND leviathon-big-govt-sustaining Income tax as well.
No they aren't. There's a big difference. Sales tax bites the buyer in total only at the end of the sale, less certain exemptions which vary by state such as prescription drugs, food, rent, services and such.
VAT hits every phase of production up through every channel of distribution.
The record keeping requirements are also entirely different-- fairly simple with sales tax, opening the books to government snoops through the entire supply chain for VAT.
Part of the value of Cain's plan is simplicity-- greatly reduced costs for compliance for the entire economy. Most of those costs just get shifted instead if VAT is substituted for sales tax.
“I for one an sick of the use of the trillion page tax code to manipulate human economic behavior.”
I couldn’t agree more. Not only that, but EVERYONE will have some so-called “skin in the game!” Maybe the bottom 50% of earners won’t be so enthusiastic the next time their government wants to raise the taxes, then.
I don't see how that's possible. U.S. business to business sales are exempt under 9-9-9.
Please. he Sales Tax is nothing like the VAT. Do your homework.