[upchuck]

I take the VAT question to be regarding the 'corporate' 9%. As a product moves from idea toward retail, are 9%'s added at each stage of production/development in the corporate/company environment? Or does the 9% only apply to the finished product?

Nothing changes for corporations except the rate. They now pay around 35% in taxes. Under Herman's plan, they will pay 9%.

[bvw]

What will GE pay? What will Sony pay? What will GM pay, or Ford, or Toyota? What will Food Lion pay? What will Google pay, or Amazon, Apple, Microsoft and IBM? TransAmerica, Citi, BoA? Before and after?

It’s nice to say “35%” or “9%” but what’s the actuality with the corporations that are the largest in their industry groups?

[NC28203]

>>>Nothing changes for corporations except the rate. They now pay around 35% in taxes. Under Herman’s plan, they will pay 9%.

That is not true. As opposed to the current corporate tax that is based on profits, the 9-9-9 plan taxes business receipts less inputs. Labor is not a deductible expense under 9-9-9.