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To: Dead Corpse
Apparently, "economists" are calling the Cruz flat business tax [16%?] a "VAT".

It kind of makes sense, because businesses don't pay taxes - their customers pay the tax.

71 posted on 02/08/2016 7:43:30 PM PST by kiryandil ("When Muslims in the White House are outlawed, only Barack Obama will be an outlaw")
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To: kiryandil

They can call it a doughnut, it doesn’t make it one.

A VAT is a tax on each stage of production. Hence the name; value added.

How is a tax on gross receipts, minus fica/etc, the same?

Answer: it isn’t.


80 posted on 02/08/2016 7:47:35 PM PST by Dead Corpse (A Psalm in napalm...)
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