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To: Huck

Even a lower middle income family is better off on the 9-9-9 plan.

Here is an example (all figures per year)

Gross paycheck =$40,000

Under current system:
Federal tax $2000
Payroll tax = $6000
Mortgage = $13,000
Car payment = $3500
Savings & contributions to retirement plans = $2000

Total tax paid = $8000


Under 999 plan:
Federal tax = $3600 (9% of 40,000)
Sales tax on (40,000-3600-13,000-3500-2000) x 9% = $1611
Total tax paid = 3600+1611 = $5211


Savings under 9-9-9 plan = 8000-5211 = $2779
which is additional purchasing power or to be used to save
for future purchases.


33 posted on 10/08/2011 12:25:43 PM PDT by federal__reserve (November 2012 will decide whether we fall into an abyss or walk up the shiny city on the hill.)
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To: federal__reserve

Is there a website with more detail about your scenario?

Thanks! :)


36 posted on 10/08/2011 12:28:59 PM PDT by Politicalmom (Amnesty (ie: Perry/Rubio) will be the final death blow to the United States of America.)
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To: federal__reserve

Now you went and done it.....introducing math and facts to the conversation.


60 posted on 10/08/2011 1:42:37 PM PDT by Grunthor (Heartless Bigot for Cain.)
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To: federal__reserve

So you’re saying you support a Federal sales tax? Are you a Tea Partier?


69 posted on 10/08/2011 3:38:39 PM PDT by Huck (NO FEDERAL SALES TAX -- UNDER ANY CIRCUMSTANCES)
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