To: justsaynomore
In case you're curious, here is the relevant part of Cain's plan:
Business Flat Tax 9%
Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.(My comment: no payroll deduction)
Empowerment Zones will offer additional deductions for payroll employed in the zone.(My comment: payroll deduction)
74 posted on
10/11/2011 7:10:43 AM PDT by
DTxAg
(The Presidency is not an entry-level position.)
To: DTxAg
LOL, you still miss the point that the business tax is still much LOWER than the the current business tax. Your assumption that we would pay more does not take into account what tax amounts we had to start with. Even minus a payroll deduction we would come out on top
Have you actually run the numbers? My husband and I have run them for our business and ourselves and we save in both cases.
75 posted on
10/11/2011 7:17:26 AM PDT by
justsaynomore
(Cain 2012 - http://teamcain.hermancain.com)
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