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To: fision

Specifically, WHOSE VAT Tax? Sanders? Not Cruz?


212 posted on 02/21/2016 9:31:19 AM PST by Alas Babylon! (As we say in the Air Force, "You know you're over the target when you start getting flak!")
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To: Alas Babylon!
WHOSE VAT Tax?...Not Cruz?

I was going to comment on that, but I just did a little reading on it from taxfoundation.org. It seems they call it a VAT, and differentiate it from a consumption tax. (which I agree with and thought it was)

However, it appears each subsequent business operation can subtract the tax it paid before billing the next level (I think)

Here's a link:

http://taxfoundation.org/blog/ted-cruz-s-business-flat-tax-primer

231 posted on 02/21/2016 10:32:07 AM PST by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves Month")
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To: Alas Babylon!

CRUZ.


237 posted on 02/21/2016 11:00:37 AM PST by fision
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To: Alas Babylon!

Cruz’s. See: http://fortune.com/2016/01/18/ted-cruzs-tax-plan-vat/


240 posted on 02/21/2016 11:20:28 AM PST by fision
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