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To: SeekAndFind
The problem with 9-9-9 is that, once Congress gets their hands on it (assuming it is ever approved -- which I doubt it will ever be), they will modify and add to it until it becomes 10-10-10 or 20-50-90 or some other unrecognizeable creature.

In 50 years of Congressional finagling, you would not recognize the resulting Tax Code.

Can't happen?

==

It only took Congress two years to begin finagling the original IRS rates.

Early IRS rates:

Year $10,001 $20,001 $60,001 $100,001 $250,001 $500,001 $1,000,000
1913 1% 2% 3% 5% 6% 7% 7%
1914 1% 2% 3% 5% 6% 7% 7%
1916 2% 3% 5% 7% 10% 12% 13%
1918 16% 21% 41% 64% 72% 76% 77%
1920 12% 17% 37% 60% 68% 72% 73%

28 posted on 10/09/2011 6:12:36 AM PDT by TomGuy
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To: TomGuy
Herman Cain has addressed this. We have to stay involved to make sure that 999 is a transition to the repeal of the 16th Amendment and introduction of the Fair Tax. We have a lot of altering and abolishing to do, and we need to get started. If the GOP race is decided early for Herman Cain, then I don't see any reason why 999 can't be introduced into Congress right now.

Another minor point. Interesting that you stopped with the 1920 rates. Those were one of the causes of the Depression of 1920-21. In 1922 they dropped the top rate to 58%, in 1924 to 46%, and in 1924 to 25%. That brought in the Roaring 20's and everyone forgot the Depression of 1920.
66 posted on 10/09/2011 6:50:21 AM PDT by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR!)
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To: TomGuy

What events occurred to cause the drastic increase in the top tier tax rates shown on your chart from 1916 to 1918?


84 posted on 10/09/2011 7:08:32 AM PDT by 4Runner
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To: TomGuy

Congress can bungle any tax plan, that is no reason to oppose fixing the current problem.


115 posted on 10/09/2011 8:00:52 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: TomGuy

Is there something in place to prevent Congress from tampering with our present tax code?


265 posted on 10/09/2011 2:08:39 PM PDT by Netizen (Path to citizenship = Scamnesty. If you give it away, more will come. Who's pilfering your wallet?)
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