To: DTxAg
Capital gains tax is cut to zero and it is not considered income subject to tax.
So your last two scenarios aren’t accurate.
I know lots of Seniors up in The Villages and many love Cain. They understand the tax plan and they’re willing to support it if it means turning things around.
They have children and grandchildren who will benefit from this plan. Apparently not all Seniors are selfish bastards like the ones in the AARP commercials.
168 posted on
10/12/2011 1:43:13 PM PDT by
GatorGirl
(Herman Cain 2012)
To: GatorGirl
Capital gains tax is cut to zero and it is not considered income subject to tax.
Must have missed that part in Cain's 9-9-9 plan. Care to point it out? Because it just says "gross income", and capital gains are income.
Then they will have to sell it all over again but with MORE tax burden. Yeah, thats going to happen! /s
Ha, you think they'll sell it as increasing the tax burden on everyone? Hardly. It'll be the "let's repeal the 2/3 requirement so we can tax multi-millionaires" or something similar, and many will eat it up.
171 posted on
10/12/2011 1:53:55 PM PDT by
DTxAg
(The Presidency is not an entry-level position.)
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