I appreciate your reply.
Fwiw, I think * a lot * of people think or feel that it is a VAT tax, without first abolishing the current tax system.
I am one of those people. Fwiw, I’m no tax attorney, or CPA or anything... just a plain ole stay at home mom ( for now that is lol ).
That doesn’t make me a liar or stoopid. It’s just a matter of difference of opinion.
Have a Great blessed Day ~
When you bother to google Herman Cain and VAT tax, and in my case I included the name of Stuart Varney, to see if he addressed this, you get a ton of links to discussions about the nature of the Herman Cain tax when applied to business.
Some claim it is a VAT, some claim it is a modified VAT, some claim it is a step towards the VAT, or if you will, a foot in the door to a VAT. Others simply state that it is not a VAT.
To call Perry a liar and a dufus over his assessment of the tax is very dramatic and the usual bashfest against every breath he takes and every step he makes, but it isn’t reasonable.
Is everyone who sees it as either a VAT or a modified VAT or a step on the road to a possible full VAT, a liar and a dufus?
People differ. Even financial experts differ.