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

To: Patrick1
The sales tax idea is going nowhere as long as you have to pay FICA and Medicare Taxes.

You haven't read Cain's plan.

27 posted on 09/27/2011 1:49:05 PM PDT by Da Bilge Troll (Defeatism is not a winning strategy!)
[ Post Reply | Private Reply | To 11 | View Replies ]


To: Da Bilge Troll

You are right, I haven’t. If he is abolishing the FICA tax and rolling it into the Federal Income Tax then he is at least being honest, since FICA is an income tax.

His sales tax rate is too high on a national level. Most states without an income tax have 9-10% sales tax rate. If you have a federal income tax rate of nine percent the national sales tax needs to be around 2-3% if its sole purpose is to make sure that everyone pays some federal tax. Which is the only reason I can think of to have a national sales tax.

Remember the problem with the federal government is not tax revenue. It is spending and as Marc Rubio put it so well, we don’t have too few taxes we have too few taxpayers. Not sure if the 999 plan will do much for economic growth. But it does take the discussion in the right direction. So good for Cain on that score.


51 posted on 09/27/2011 1:55:52 PM PDT by Patrick1 ("The problem with Internet quotations is that many are not genuine." - Abraham Lincoln)
[ Post Reply | Private Reply | To 27 | 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