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>>>Cain needs to do a better job explaining how removal of the current tax code and related mandates/regulations will bring the cost and price of goods down far more than the 9% that people will be spending on the sales tax that is put back on those goods.

From the Laffer article inthe WSJ:

"Thus, Mr. Cain's 9-9-9 tax base for his business tax is $9.5 trillion, for his income tax $7.7 trillion, and for his sales tax $8.3 trillion. And there you have it! Three federal taxes at 9% that would raise roughly $2.3 trillion and replace the current income tax, corporate tax, payroll tax (employer and employee), capital gains tax and estate tax."

It would appear that more than a third of the revenue from this plan would be derived from the corporate tax. Looking at the current Monthly Treasury reports, corporate income tax accounts for less than 10% of revenues under the current plan. If corporations are going to bear a much larger share of the tax burden, would we necessarily see savings in the prices of goods and services?

>>> Looking at the current Monthly Treasury reports, corporate income tax accounts for less than 10% of revenues under the current plan. If corporations are going to bear a much larger share of the tax burden, would we necessarily see savings in the prices of goods and services?

Looking at the monthly treasury reports only shows you what the government wants you to see. Income tax is on profits... not on cost of goods sold. If it costs you a LOT less to produce, you can LOWER your prices to become competitive again and INCREASE your profit margin. A big part of that savings in production would go to lowering the cost of the item which increases sales, and widens the tax base. It would increase government revenues while lowering the burden on consumers. THIS is what people are failing to see. Cain needs to do a better job of exposing hidden taxes on the costs of production... that is where the government is fleecing the public to death, and business along with it.

If you think about it, there is actually no such thing as a business tax... Because it all eventually ends up being translated into a personal income or sales tax through the cost of goods that we buy, and the income that individual investors receive on their shares. MOST of it is HIDDEN. 999 simplifies and exposes it.