Another item on the proposed sales tax

Reader comment on: Cain Polls

Submitted by Lyle (United States), Oct 13, 2011 15:47

http://news.yahoo.com/9-9-9-tax-plan-does-herman-cain-130700644.html;_ylt=ArvE_f68MuS4Bw2muBSu2oys0NUE;_ylu=X3oDMTNsdGlvanNoBG1pdANUb3BTdG9yeSBGUARwa2cDM2EzN2MzMmEtYTg2My0zYmRjLThlZGYtMjM0NTRhYzI3OTM1BHBvcwM1BHNlYwN0b3Bfc3RvcnkEdmVyA2EzMGQ3ZGM0LWY1YjctMTFlMC04YjM0LWViODlkYzk5NTM3ZQ--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

This article claims that the tax would only apply on first sale to a consumer, so a new home would pay it but not a used home, likewise for autos.

Note that the corp tax proposal taxes wages so it is sort of moving the payroll tax totally to the employer.

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Other reader comments on this item

Title By Date
Only a constitutional amendment would make this work [110 words]DuaneOct 13, 2011 22:48
dividends taxed [57 words]detailsOct 13, 2011 21:42
Home mortgage deduction [42 words]Marc SeganOct 13, 2011 17:05
⇒ Another item on the proposed sales tax [52 words]LyleOct 13, 2011 15:47
A couple of answers. [57 words]LyleOct 13, 2011 15:36

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