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To: marty60

Are you unable to comprehend basic English?

VAT = on each level of “value added” production

999 = not on each level of “value added” production

What do you not understand?


183 posted on 10/18/2011 8:24:09 PM PDT by NYCslicker
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To: NYCslicker

If the 9-9-9 sales tax is a consumption tax... then would it not stand to reason that any time any person or business bought something, they would be charged the 9% tax on it?

So if a bakery buys wheat from a wholesaler, then the purchase of the wheat would be taxed at 9% plus whatever state taxes.

And then, once the bakery bakes whatever they want with the wheat, the customer would then pay 9% on the finished product.

I don’t see how that’s any different than a VAT.


281 posted on 10/18/2011 9:41:23 PM PDT by gogogodzilla (Live free or die!)
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