999 is touted as if that is/will be the entire tax burden.9% sales tax added to a 3% state sales tax added to a 8% city sales tax = 20% sales tax. 20 cents on every dollar spent is a LOT.
Permitorium to 9-9-9: Viewers’ Guide to the Jargon of Debates - Bloomberg http://bloom.bg/mUHY7P via @BloombergNews
The HC 999 plan ELIMINATES , I repeat, ELIMINATES, the current federal tax code.
Soooooooooo...
Do the math on your overall taxes. Not just the sales tax.
Your overall taxes will absolutely positively go DOWN...
BTW where is this location that only has a 3% state sales tax? And why the heck do you buy in a city with a 8% sales tax??? It would be worth the gas to go elsewhere...
I already pay 21% income tax to the feds under the existing tax structure.
Just using those two figures, I pay 31% of my income JUST TO EXIST. That ignores state income tax and local property tax.
Under Cain's 9-9-9 plan, I pay 9% flat tax plus 9% consumption tax for a total of 18% to the feds.
Add the existing state and local sales tax, I pay 28%
Not only is MY tax rate reduced, but 50% of the population not currently paying income taxes will contribute 18% more than they used to.
I see it as a small reduction in my tax burden and a redistribution of the cost to be an American across the board, even to those who are illegal aliens and are sucking the life out of our country.