[Retired Greyhound]

Where are you getting 18%?

[justsaynomore]

“Where are you getting 18%?”

9% income and 9% sales.

I was being generous and saying that people would spent 100% of their income on new items. I didn’t even count the 22% embedded tax that would come off.

Technically Cain’s plan is

1.35% income tax (with payroll tax deduction) minus charitable contributions

9.00% of every new item but the cost of that item comes down 22%, and 0% on every used item.