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To: Beagle8U

You are doing an analysis with a couple of flaws. First, they will not be paying the 15% FICA so they will be 6% ahead on income. Second, you are assuming that there will be no growth and no increased hiring and no more dynamic economy. Third, you are not taking into count that many goods and services will be less expensive since corporate taxes are lower. All of this will happen.

The FAIR Tax, which Cain also likes, has a provision to mitigate taxes on food and so on for certain lower incomes - but that’s way too complicated to get into on an internet post.

The bottom line is, you can’t pull a couple of features from the plan and apply it to reality exactly as it exists now. The whole reason for the 999 or any reform plan is to CHANGE THE REALITY AS IT EXISTS NOW for the better.


114 posted on 09/23/2011 10:38:35 AM PDT by C. Edmund Wright
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To: C. Edmund Wright

Just like the fairy tax, a flawed plan that sounds good until you crunch the numbers and apply the result to the majority of the population.


120 posted on 09/23/2011 10:44:29 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: C. Edmund Wright
Obama has already turned Cain's 999 plan upside-down.
178 posted on 09/23/2011 3:30:51 PM PDT by Hoodat (Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
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