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“Thirty one years later, by 1994, that top rate had ballooned to 94%.”

It grew because of the spending. It is because we rely on pay as you go entitlements instead of fully funded private investments.

Exactly. Once you rob Peter to pay Paul, you can always count on Paul's vote.

That is why it is very dangerous to introduce an entirely NEW tax such as a National Sales Tax. The new tax never goes away and simply becomes a brand new drug to get addicted to.

If Republican President Cain introduces "9-9-9" in 2013, what is to prevent Democrat President Jones in, say, 2018, from jacking up Cain's idea to "19-19-19" or "29-29-29"?

The National Sales Tax also DOUBLE TAXES those of us who, like I did, actually "funded my retirement with private investments" and by being a frugal spender and a high SAVER.

I will get the privilege of having been taxed at 36% when I EARNED the money and then, with the saved money that was left over, I will then be Federally taxed AGAIN, at 9% when I spend my savings.

($100 earned in 2010) - (36% Income Tax in 2010) = ($64 saved in 2010)

($64 in saved money spent in 2014 under 9-9-9) - (9% National Sales Tax) = ($58.24 in buying power in 2014)

Between earning in 2010 and spending in 2014, that $100 will have been DOUBLE TAXED for a total rate of 41.74%

There is the "nightmare" that JDW11235 was talking about.

This 9-9-9 Plan NOT well thought out.

I will be the double-taxed Peter being robbed blind to pay Paul.

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“A democracy cannot survive as a permanent form of government. It can last only until its citizens discover that they can vote themselves largesse from the public treasury. From that moment on, the majority (who vote) will vote for those candidates promising the greatest benefits from the public purse, with the result that a democracy will always collapse from loose fiscal policies, ...... " - Lord Thomas MacCauley, May 23, 1857

By the Way Polybius, you forgot to mention that that’s the FEDERAL taxes alone (Unless you added the State income tax into your calculation). Now, add to that the 6-10% in State sales tax, and you may very well be paying over 50% and that may not even include state income tax and municipal sales taxes.

Excellent quote, I must add.

The National Sales Tax also DOUBLE TAXES those of us who, like I did, actually "funded my retirement with private investments" and by being a frugal spender and a high SAVER. I will get the privilege of having been taxed at 36% when I EARNED the money and then, with the saved money that was left over, I will then be Federally taxed AGAIN, at 9% when I spend my savings.

Bingo!

I mentioned this in an earlier post.

Cain needs to ditch the national sales tax idea and instead simply worry about cutting spending and existing taxes.