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To: matthew fuller
The first 9 is corporate tax, and I think that at that rate , it's much higher than their current tax on profits only

Don't think so. Lowest is 15% - Corporate Income Tax Rates

The second 9 is personal flatrate income tax, and that is much higher than what is (or is not) paid by the poorest citizens.

Nope. Lowest Tax Bracket is 10% - Official 2011 US Income Tax Brackets (IRS Tax Rates)

Overall, all three of those taxes add up to about 35.25%.

You may want to calculate your current total tax burden for direct comparison. The 9-9-9 eliminates your current payroll tax burden. So, just adding up the minimums of each category - 10% + 15% + your 8.25% + 4.2% payroll = 37.45%
217 posted on 10/04/2011 6:20:55 AM PDT by Eagle of Liberty (Shaking My Head on a daily basis)
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To: Eagle of Liberty
"Nope. Lowest Tax Bracket is 10% - Official 2011 US Income Tax Brackets (IRS Tax Rates) "

I think that the lowest bracket is about minus 3%. Forty plus percent of the lowest earneers pay $0, and that's zero percent the way I figure it, with some actually recieving money back, up to negative 3%.

I'm retired, and I don't pay that 4.2% payroll tax.

218 posted on 10/04/2011 6:41:21 AM PDT by matthew fuller (Compromise on the Holocaust would have killed three million Jews.)
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