In another thread, someone metionad about how much money you'd pay in taxes to buy a car under the 9-9-9 plan.

It got me thinking.

If I buy a car for $30,000 (bottom line) and I sell it years later for $10,000, there's a big difference between a VAT and a sales tax.

Under a sales tax, I have to pay $900 on that $10,000 sale.

Under a VAT, I pay nothing since I sold the car for less than I paid for it. VAT, for those who don't know, means Value Added Tax. In short, if I buy something for $100 and sell it for $120, I pay tax on the $20 - the 'value added'.