Stearns County, Minnesota | Organic Farmer07 - 10/17/2011 17:03 With a VAT, the lawn tractor the dealer put into inventory had tax paid on it . On his books he now has a missing lawn tractor with tax paid on it.
My understanding of Herman Cain's tax proposal is that there would be a 9% tax on goods sold to a consumer. So the tax would be collected by the L/G dealer when he sold the tractor to the dentist. It would be the obligation of the dealer to send in the 9% consumer tax to the U.S. government. Herman Cain is not talking about a value added tax which you are referring to. Again, if the dentist and the dealer traded goods for services there would be no sales tax involved. |
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