[Atlas Sneezed]

oh good grief, I had forgotten about the child tax credit.
I have 4 kids I can’t afford to lose that credit!

home mortgage interest deduction gone
child tax credit gone
business expense deductions gone

and I don’t even pay payroll taxes because I am self employed, I would be totally screwed under 999.

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You pay 15% payroll taxes, and the Cain plan allows businesses to deduct their expenses (although wage expenses are uncertain).

But the main point is that with a marginal income tax rate of 9%, instead of your current rate plus the 15% payroll tax, those deductions wouldn’t be big enough to worry about too much. Deductions are precious only because tax rates are so high. With low tax rates you won’t miss them.

[montyspython]

Exactly, this is what happens when folks have been relying on the deduction tit for so long, addiction is tough to cure.