>> Just curious. Are you not concerned that “a revenue hungry Congress” will raise the current income tax schedule?
Absolutely! Which is precisely why I don’t want to give them one more way to stick it to us.
There’s only one way they can stick it to us, and that’s through legislating a higher rate.
This can happen at any time, with any new tax law. As long as Congress is able to get the political backing for a tax raise. Which is very difficult.
But the point is, your argument is meaningless because Congress can always raise rates.
It’s like saying don’t take your vacation in London, because it might rain—take it in Seattle instead. (News flash—it rains a lot in Seattle.)
You can't even count the ways they're already sticking it to us. The "Affordable Healthcare" Act alone included 119 new taxes.
Cain's 9-9-9 is at least a simplification.
The only questions worth asking with respect to 9-9-9 are a.) will it lower the tax burden and b.) will it encourage investment and economic activity and, thus, create jobs.
It’s not one “more” way.
If you have three apples in your basket and I take those away and give you a different apply, have I given you one “more” apple? Do you have four apples?
No, you only have one apple, the one that replaced the three I took away.
That’s what 999 does. It restructures the Fedzilla tax system, eliminates several taxes and replaces those eliminated tax with a differently structured tax.