Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: aimhigh
VAT taxes at every level value is added. A Sales tax only taxes once at the final point of sale.

Yes, it would be better to eliminate the business taxes completely. Unfortunately that is not going to be politically feasible right now. You need a bridge from one system to the other.

9-9-9 eliminates things like the double taxation on capital gains and income as well as massively reducing Congress's power to play political games with the tax code. It also eliminates business's corrupting the political system by lobbying for favorable treatment

NO 9-9-9 is not perfect. It is only completely better then the existing system

34 posted on 09/30/2011 9:33:17 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
[ Post Reply | Private Reply | To 30 | View Replies ]


To: MNJohnnie

for the Sake of clarity can we do some math on this 9-9-9 tax.

Farmer Sells 1000$ worth of cattle to Butcher. Is 9% added.

Butcher converts 1000$ worth of Cattle into 1500$ worth of Meat and sell to Grocer. is 9% added.

Grocer Sell 1500$ worth of Meat to Consumer for 2000%. Is 9% added.

OR in other words

1000$ of cattle at 9% tax is 90$ ?
1500$ of Meat at 9% tax is 135$ ?
2000$ of Groceries at 9% tax is 180$ ?

How much tax is collected. 405$ ??


44 posted on 09/30/2011 10:28:12 AM PDT by Bailee
[ Post Reply | Private Reply | To 34 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson