Huge flaw in it, too, in that he doesn’t shut down other forms of taxation first. Too many ways to increase taxes under a tax and spender.
When did he say he wouldn’t shut down other forms of taxation first? My understanding is that 9-9-9 replaces the other taxes.
When did he say he wouldn’t shut down other forms of taxation first? My understanding is that 9-9-9 replaces the other taxes.
the 999 plan:
>> No payroll tax! That is a huge savings for most working people = 6.2% of your gross paycheck!
>> No tax on capital gains.
>> No tax on dividends.
>> Top tax rate for individuals drops to 9%.
I don’t know about you, but I could buy a new Cadillac every year from savings with the 999 plan.