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To: FromTheSidelines
What many people overlook regarding his 9-9-9 plan - it’s a BIG WIN for the self-employed.

Are you sure?

What can't the 9-9-9 plan become a 16-16-16 plan within 5 years?

The Income Tax was instituted in 1913 with a top rate of 7.8%; by 1918, the top rate was already 77%.

Be careful what you wish for.

19 posted on 10/09/2011 11:25:15 AM PDT by beancounter13
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To: beancounter13; FromTheSidelines
Beeancouter,

Your criticism of 9-9-9 applies even more to the current system

There is nothing in the current tax code that prevents Congress to from simply raising rates 20-30-50%.

This same complaint about 9-9-9 applies even more so to the current tax code. It would actually be much hard to raise tax rates under 9-9-9 since you could not hide it as a “tax on business” or “making the rich pay their fair share”.

Everyone pays so everyone knows any tax hike requires them to pay more. It eliminates the current system illusion that the poor get a free ride while the rich pays all the taxes. Those indirect taxes hidden in the current code are eliminated and replaced by a transparent flat rate

So your criticism of 9-9-9 is completely without rational merit.

23 posted on 10/09/2011 11:29:14 AM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: beancounter13

Your reply makes no sense - how is what you’re talking about different from what we have today?

Going to a 9-9-9 plan would be a win for at least the duration of the Cain administration - and it would do a huge amount to lower real unemployment and get the economy going again.


33 posted on 10/09/2011 11:47:50 AM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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