“The thing about Cain’s 999, with no payroll taxes, where does it put SS and Medicare?”
He already clarified.
1. no taxing of SS. it’s already been taxed
2. no income tax for the impoverished
done.
Point, he has explained nothing as to what people want to know.
With no payroll tax, what happens to SS and Medicare which are now funded with payroll taxes. If no SS or Medicare as now known, what will replace them?
Current SS payments to retirees are based upon how much the individual has paid in. With no one paying in, how will payments, if any, to elderly then be made? How much, if any?
Point, he has explained nothing as to what people want to know.
With no payroll tax, what happens to SS and Medicare which are now funded with payroll taxes. If no SS or Medicare as now known, what will replace them?
Current SS payments to retirees are based upon how much the individual has paid in. With no one paying in, how will payments, if any, to elderly then be made? How much, if any?