Your federal income tax drops to 9%. Funny how the anti-999ers never mention that.
No it doesn't. A President doesn't decree anything. 9-9-9 is a piece of crap going nowhere
I am not particularly an anti 999’er. What I worry about is if Congress gets ahold of another tax, they will find a way to keep increasing that 9%.
Exactly.
They also never seem to take note of the fact that our PRESENT tax rates can be increased (in fact, that is what Obama is all about doing), present deductions can be removed, and so on.
They act as though everything stays just like it is now, except that you pay 9% more for goods.
And that even means that they think the price of goods stays as it is now — meaning that the abolition of the 15% payroll tax and the lowering of corporate taxes to 9% has ZERO impact on the cost of doing business and, therefore, on price dynamics.