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To: Chickensoup
Have you even read the plan at Cain's website?

Excerpt:

Phase 1 - 9-9-9

•Current circumstances call for bolder action.

•The Phase 1 Enhanced Plan incorporates the features of Phase One and gets us a step closer to Phase two.

•I call on the Super Committee to pass the Phase 1 Enhanced Plan along with their spending cut package.

•The Phase 1 Enhanced Plan unites Flat Tax supporters with Fair tax supporters.

•Achieves the broadest possible tax base along with the lowest possible rate of 9%.

•It ends the Payroll Tax completely – a permanent holiday!

•Zero capital gains tax

•Ends the Death Tax.

•Eliminates double taxation of dividends

•Business Flat Tax – 9%

◦Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.

◦Empowerment Zones will offer additional deductions for payroll employed in the zone.

•Individual Flat Tax – 9%.

◦Gross income less charitable deductions.

◦Empowerment Zones will offer additional deductions for those living and/or working in the zone.

•National Sales Tax – 9%.

◦This gets the Fair Tax off the sidelines and into the game.

153 posted on 10/13/2011 7:47:42 AM PDT by fightinJAG (Herman Cain actually IS a rocket scientist.)
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To: fightinJAG

Individual flat tax on what? earnings? Income?


242 posted on 10/13/2011 10:30:28 AM PDT by Chickensoup (In the 20th century 200 million people were killed by their own governments.)
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