[Red Steel]

The Ted Cruz VAT that doesn’t get much coverage.

[Red Steel]

“Ted Cruz’s Business Flat Tax is a VAT - Forbes”

“Rubio is right. Cruz’s business flat tax is a subtraction-method VAT. Businesses play a flat 16-percent tax rate on the difference between sales price and the cost of inputs purchased from other businesses-i.e., value-added. If all businesses are subject to the tax, the business flat tax will add up to 16 percent of the final price of goods purchased by consumers.”

Forbes explains it more at the link.

http://www.forbes.com/sites/beltway/2016/01/15/ted-cruzs-business-flat-tax-is-a-vat/#51a9d8b4580f

[octex]

The Ted Cruz VAT that doesn’t get much coverage.
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No VAT in the Cruz tax plan. If I’m wrong, please provide details of where it lurks.