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To: mnehring

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.


413 posted on 10/31/2011 11:25:05 AM PDT by cizinec ("Brother, your best friend ain't your Momma, it's the Field Artillery.")
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To: cizinec

That makes even less sense as a VAT is a production level tax on all levels of production of a good. It has nothing to do with VAT also.

It is still a matter of gross versus net. The fact is that the 999 plan replaces income, payroll, and corporate taxes that can eat up over 50% of your pay, be it through income or hidden sales taxes, and replaces it with a clean, out in the open, system.


414 posted on 10/31/2011 11:33:35 AM PDT by mnehring
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