The 9-9-9 tax plan is a political disaster. It imposes an mandatory federal 9% tax n individual income without any deduction on almost 50% of the people who pay no federal income tax after they file for all the deductions under the current tax system. Moreover and worst of all the 9% national sales tax is on everything including basic items such as food and cloth because there is no way that his disaster 9-9-9 tax plan can raise revenues similar to what we are getting now unless the 9% sales tax is on every item we purchase.
| Avg Wage | FICA | avg Income Tax | Necessities | Nat Sales Tax | State Tax GA | Leftover |
|
40,711.61
|
2524.12 | 5455.35574 | 26840.35 | 0 | 2442.6966 | 3,449.09 |
| vs 999 | ||||||
|
40,711.61
|
0 | 3664.0449 | 26840.35 | 2415.6315 | 2442.6966 | 5,348.89 |
| Avg Wage | ||||||
| 100000 | 6200 | 13400 | 48000 | 0 | 6000 | 26,400.00 |
| vs 999 | ||||||
| 100000 | 0 | 9000 | 48000 | 4320 | 6000 | 32,680.00 |
| Avg Wage | ||||||
| 250000 | 15500 | 33500 | 48000 | 0 | 15000 | 138,000.00 |
| vs 999 | ||||||
| 250000 | 0 | 22500 | 48000 | 4320 | 15000 | 160,180.00 |
Troll.
You realize most Americans pay a FICA tax of almost 7% with no deductions...