To: Def Conservative
I read that article, then see that this person is basing HIS numbers on Bloomberg's faulty analysis last week. 9% Business Flat Tax ◦Gross income less all purchases from other U.S. located businesses, all capital investment, and net exports. 9% Individual Flat Tax. ◦Gross income less charitable deductions. 9% National Sales Tax. ◦Unlike a state sales tax, which is an add-on tax that increases the price of goods and services, this is a replacement tax. It replaces taxes that are already embedded in selling prices. By replacing higher marginal rates in the production process with lower marginal rates, marginal production costs actually decline, which will lead to prices being the same or lower, not higher.
13 posted on
10/18/2011 3:05:44 PM PDT by
justsaynomore
(Cain 2012 - http://teamcain.hermancain.com)
To: justsaynomore
which will lead to prices being the same or lower, not higher. But if prices stay the same, doesn't the brand-new 9% Fed Sales Tax simply increase the cost of everything by 9%?
17 posted on
10/18/2011 3:13:11 PM PDT by
sklar
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