Detailed text transcripts for TV channel - CNN - 20100415:22:18:00
A dollar there from a dollar to $2. from yarn it's then turned into socks. it's knitted into socks. a value added from $2 to $4.50, throughout the chain of production here, you can see a value is added. we started off at a dollar, and now $4.50, the value added is $3.50. we're going to assume to keep it basic and simple, a 10% value-'d added tax, so what we're talking about is a 35% tax that is added on to the price of the socks to the $4.50. final price for the socks with a v.a.t. is $4.85. you can see, wolf, there's a comparison. without a v.a.t., you'd be talking about a $4.50. and with a v...
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