It would have to be 21-28%, the rate estimates vary because of underreporting or poverty offsets.
Obviously you can't prevent income tax returning without repealing the 16th amendment. Class warfare would bring the income tax back at the top levels almost immediately and soon it would trickle down into lower brackets murdering the economy.
999's guard is visibility of the rate and everyone being made a taxpayer. I'm sure in the future, class warfare could be a problem but it always is so long as we keep electing such politicians.
While we are rebuilding the tax code we can also eliminate large chunks of what the fedgov “pays” for, eliminating the perceived “need” to meet some arbitrary income level from some arbitrary year.
Repeal the 16th. To hard to try? If we are going to be able to restructure the tax code then we will be able to cut this wart off our asses as well. Its part of the deal.
Here is the deal, If Cain is the GOP nominee I will vote for him and support him. If Romney or Newt are the nominee i will stay home and not vote. If perry or any of the others are the nominee I consider voting for them.
However... Even though I support Cain I will NOT support the idea of a federal sales tax without repealing the federal and state income tax and the amendment that enslaves us to the government.
Non negotiable. forget it. No F’ing way.
According to the scoring report on 999, an 18% federal sales tax would be too low to reach 2008 revenue levels.
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How about taking some of those spending cuts Ron Paul has in mind?
When my revenue fall short I have to cut my spending.
Probably too novel of an idea for Washington - just like the idea of changing the Country’s tax code.