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Cain’s 999 Plan – Hell on the Middle Class and Doomsday for the Poor & Retired
Posted on 10/19/2011 11:22:57 AM PDT by TLittlefella
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101
posted on
10/20/2011 12:16:58 PM PDT
by
TheOldLady
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To: Tublecane
There is a corporate income tax. The debate is whether Cain replaces the corporate income tax with a subtractive value-added tax. There isn’t a lot of difference between income and “value add”, except in what things you can deduct. Cain removes most deductions, but not certain capital depreciation deductions. But he does tax labor charges, which the corporate income tax doesn’t do.
I don’t think anybody who knows what they are talking about would confuse a sales tax with a value added tax.
To: TLittlefella
103
posted on
10/21/2011 9:05:19 AM PDT
by
Cheerio
(Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
To: TLittlefella
Not to worry, it’s only doomsday for poor and retired whites (that is, those who don’t live in the inner city).
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