Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: xzins
9-9-9 does a few things.

First, it means the underground economy would contribute and so would illegal aliens via the 9% sales tax on new items only.

Second, there is federal taxation but those three flat-rate categories. No FICA, no estate, no loopholes.

Since there's no FICA, all workers will pay less than they currently do.

The 9-9-9 rates can easily be locked in with a good balanced budget amendment like the one associated with Cut, Cap & Balance which requires two-thirds supermajority votes in congress to raise any tax rates.

222 posted on 09/28/2011 12:39:23 AM PDT by newzjunkey
[ Post Reply | Private Reply | To 14 | View Replies ]


To: newzjunkey

See #227


228 posted on 09/28/2011 5:48:10 AM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
[ Post Reply | Private Reply | To 222 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson