Is the income tax replacement portion of 999 going to be attractive to the 47% of the voters who pay no tax right now? Save for purchases which ostensibly include the 22% embedded corp. tax, is HC asking them to tax themselves? If he is, then he ought to run on some other platform, then spring this after he is elected. I would appreciate a more balanced tax system, but it is so unbalanced now that the winners outnumber the losers and won’t elect change.
Exactly, which is how it will be framed by Obamao, “he wants to tax you, I just want to tax the wealthiest blah blah blah”
Real problem I have with his idea, besides my own financial self interest, is the denizens of Babylon on the Potomac, will, at need, simply tax both incomes and sales.
I don’t pay income taxes because I don’t make enough to. I wholly support the 9-9-9 plan because it means that those who do have more money than me, have more money to spend. That means I can get a job where I make substantially more.
So yeah, some of us love Cain’s plan.