What is "added on", for the first time in U.S. History, is a National Sales Tax on top of an Income Tax on top of a Capital Gains Tax.
As Cain himself states, if anybody argues that the tax rates will stay low, "You lose!"
"The worst idea is a proposed national sales tax, which is a disguised VAT (value added tax) .... Here are three of the biggest reasons the national retail sales tax is the worst idea on the table. .... In every country that has established a VAT with the promise of reducing their national debt, the VAT has eventually gone up or expanded on top of the existing tax structure. .... For the liberal naysayers who say that would not happen, you lose! Just look at the Social Security system, Medicare and Medicaid. Over the years since their inception, taxes have gone up," ....... Herman Cain
The capital gains tax is eliminated, as is the payroll tax (”Social Security,” FICA) and the death tax.
Oh, and the present income tax structure is eliminated and replaced with a flat rate that everyone pays.
Everyone pays because the present Fedzilla tax code is eliminated and replaced with 999.
I can’t believe you are still hawking the ignorant canard that there is no difference between the NST and a VAT.
Embarrassing.
:O