https://www.tedcruz.org/tax_plan/
Cruz’s statement above says nothing about a VAT. Do we have a source for that claim?
VAT’s are poison. NRST, not so much... Neither of which apply to whats outlined at the above link.
This idea of taxing total receipts which is what Cruz is talking about it not new. As a small business owner I had to deal with it for years from DeKalb County where my office was located. I just lied about my total receipts for years or it would have killed me financially to pay the tax every year.
The business part of Cruz’s tax plan is terrible. I’m not surprised as Cruz has never run a business in his life. Trump understands what its like. His tax plan is far superior.
We have invisible VAT now.
EVERY business pays some kind of taxes on something, and that cost of doing business is passed onto the next purchaser of the product.
Every step of the way, more and more taxes are added to the final product.