To: Cincinatus' Wife
Cain said that if 10% is good enough for God, then 9% should be good enough for the government. Well, 9% X 3 = 27%. Better he proposed a 3-3-3 scheme: 3% income tax on all income, 3% Social Security tax, and 3% capital gains tax. For those who'd say that it wouldn't provide enough revenue for the federal government, tell them, just wait for a few years. Oh, another part of the tax scheme should be that revenue in excess of expenses pays off the national debt. After that, revenues in excess of expenses are returned to the taxpayers in proportion to their taxes paid.
48 posted on
09/29/2011 5:42:02 AM PDT by
aruanan
To: aruanan
For those who'd say that it wouldn't provide enough revenue for the federal government, tell them, just wait for a few years. I'd rather see your revenue figures now rather than wait and see a few years from now. If Cain's 9-9-9 plan will not even come close to covering current federal spending, how will the 3-3-3 plan do so?
49 posted on
09/29/2011 5:45:09 AM PDT by
SoJoCo
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