"And this is just a transition step to an eventual flat, national sales tax which will replace all other federal taxes."
Yes I pay Federal Income Taxes. My husband and I are retired on a fixed income so we do not pay payroll taxes or capital gains taxes.
This 999 may help you but it will definitely hurt people on the bottom end.
There is NO guarantee that this would be a transition step to an eventual flat tax.
You can’t analyze the plan statically. Reducing the corporate tax from 35% to 9% will translate into lower prices for everything you buy, in spite of the additional 9% sales tax. Even those on fixed incomes will have more purchasing power.
The lower tax rates will also turn this moribund economy into a vibrant, growing economy. If any of your fixed retirement income comes from equity investments, that will also benefit you directly!