Caines (9/9/9) plan still allows the federal government to steal 27% of the economy...
Must be Plan B of the globalists and One Worlders..
Meaning Hermie is league with the One Worlders...
NOTHING will stop them from making the 9/9/9 to be 12/12/12 in a few months.. or even 33/33/33 eventually..
Caine seems to be ROPE-A-DOPING the American people..
**NOTE- The LAST thing the federal government Needs is MORE MONEY..
WRONG. It is 18% of GDP. Income is taxed only once - either at the corporate level or personal level. The double taxation we have now is gone. So for a given dollar, it's either taxed at the corporate level (9%) or the personal level (9%). Not both as you claim.
And then, IF that dollar is spent, there's another 9% on it. So you get 9% for the income (corporate or personal) and 9% for spending. Total is 18%, not the 27% you're trying to claim.
Historically, over the longer terms (5+ years) since WWII, the Federal Government has averaged 18% of GDP in terms of revenue (Hauser's Law). Cain's 9-9-9 plan does JUST THIS. Matches historical revenues. It does it with two significant changes, however:
1. Rewards efficiency in business and investment by eliminating the massive number of deductions, exemptions, setasides, and double-taxation.
2. It makes EVERYONE pay in, rather than making 50% carry the full load.
It's actually a revenue neutral plan, but one that is skewed to rewarding efficiency and should grow the GDP faster than the 80,000+ page monstrosity of a tax code we have now.