9-9-9 is the worst idea I have heard proposed by any of our front runners. The last thing we need in in this economy is a national sales tax. The last thing the government needs is a new revenue stream. 9-9-9 is LAME.
I do know this. The only way to avoid the coming train wreck is a tax system where *everybody* pays some federal income tax. We simply can’t have 47% of the people with a vested interest in government taxing and spending as much as possible because they’re getting a free ride. Do you not agree?
You think the prospect of 9-9-9 becoming 20-20-20 is frightening? Within a few years, the 47% who now pay no fed income tax will become 51%, and then it is all over for the rest of us. We working suckers will be forever outnumbered at the ballot box, and the tyrannical, free-loading majority will be voting for and insisting on higher and higher taxes and more and more spending.
Are you old enough to remember a top marginal federal income tax rate of 90%? Well, it’ll be back. You think capital gains taxes under this scenario wouldn’t go to 50% or more? Or how about a corporate tax of 50% or more.
If you love the current tax code so much, then embrace this nightmare scenario I’ve just laid out for you, because it’s only just a few short years away.
A National Sales Tax in addition to existing Fed fees....You don’t think they’re going to cancel those, do you?? And I’m 67 on a very low fixed income and I’m still working part time...And I’m going to pay this Fed sales tax with what??
I agree the the 9-9-9 plan is a terrible idea for the simple fact that it introduces a National Sales Tax before eliminating the Income Tax. If we allow that to happen we will forever be saddles with both taxes and I can damn well guarntee you that they be at 9% for long! I think the idea of a National Sales Tax is laudable but only after the income tax is abolished and the 16th amendment is repealed.
I agree the the 9-9-9 plan is a terrible idea for the simple fact that it introduces a National Sales Tax before eliminating the Income Tax. If we allow that to happen we will forever be saddled with both taxes and I can damn well guarantee you that they will not be at 9% for long! I think the idea of a National Sales Tax is laudable but only after the income tax is abolished and the 16th amendment is repealed.
With all this focus on Cain’s 999 plan, why isn’t anyone asking Romney for the details of his plan? He’s been getting a pass on this, IMHO.