[xzins]

The point about revenue being cut in half is that it leaves something out of the equation. That something is social security and med. They are the amount that is left out.

Now, remember that Cain wants the Chilean model social security. That’s 10-20% of an income.

Therefore, we have 9-9-9+(10-20%) Then the revenues are the same again. So, that’s the real plan.

However, they won’t get that far. They will implement only the 9% sales tax, and then we’ll have it plus our present income tax. What is that: 28% + 9% sales tax + 14.6% social security + 3% med?

Adding a sales tax BEFORE you get rid of the income tax is simply a slick way to raise taxes.

[JCG]

Adding a sales tax BEFORE you get rid of the income tax is simply a slick way to raise taxes.

Cain is a tax cutter, not a tax raiser.

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[fightinJAG]

However, they won’t get that far. They will implement only the 9% sales tax, and then we’ll have it plus our present income tax

Again, you are evaluating the concept based on an assumed process.

There's no doubt there's a process risk here.

But first, I think, we have to decide if the concept works, how well it would work, and how much we want it to work.

Then we figure out how to manage the process so that the outcome is what we want, not what we don't want.

[fightinJAG]

Also I have no indication that a President Cain would sign into law a plan that completely butchered his 999 proposal.