1. I do believe that this *does* eliminate FICA and Medicare Taxes.
2. the 9-9-9 plan is a transition to the Fair Tax and the eventual abolishing of the 16th amendment.
3. The 9-9-9 plan immediately eliminates the 80,000+ page tax code and severely limits the IRS
4. the 9-9-9 plan rewards savers
5. the 9-9-9 plan ends the pandering to special interest groups with tax loopholes
6. *EVERYBODY* pays. The 9-9-9 plan ends tax welfare. (It’s still lower than many poor people are currently paying, even if they don’t realize it.)
7. the 9-9-9 plan reduces the corporate tax rate, stimulating immediate economic growth and increasing competitiveness in the global market. (prices *will* go down - companies *will* grow - unemployment *will* go down)
Can you imagine? A three-line tax form?
- what did you make?
- multiply this number by .09
- pay that
Heck, we’d probably have it taken out of our paychecks and never see it. NO TAX DAY.
After the public is educated on the Fair Tax, we can finish the transition and there would be NO income tax and NO corporate tax. Everybody pays. (That includes illegals, drug dealers, prostitutes, etc. If you buy something retail, you pay.)
BTW, My daughter works part-time at a minimum wage job. (She’s going to college) She pays 13% out of every paycheck to the Federal gov’t.
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I’m not sure what he plans to do with churches. I don’t believe that churches should be exempt from paying taxes, but that’s more of a free speech issue for me. (The pastor gives up his right to free speech by claiming tax-exempt status.)
I'm a pastor, and that's simply not true. All of us pay income taxes PLUS social security at the self-employed rate PLUS tax on all benefits.