| Guest |
10-14-2011 09:10 PM |
Take A Look Back
Quote:
Posted by Guest
(Post 405469)
This is just a question and not an arguement - With the 9-9-9 tax plan of Herman Cain, exactly what is the difference between a National Sales Tax and a Value Added Tax?
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I tried to give an example. Using the example I created, the national sales tax would collect more taxes and make products more expensive for the consumer to buy.
The other big difference is that the national sales tax would be very visible to the consumer. He'll know when 9% is added to his purchase to pay a sales tax. The VAT tax is much more "invisible". It is added to the selling price of products at every level of production. Only when the product is sold to the consumer does he become aware of the additional cost resultant from the VAT. |
