“I do think that food and medicine should be exempt from any kind of tax, though.”
Why? If we’re not going to tax the “necessities” where do you start taxing? With clothing? Shelter? Utilities? Cable TV?
Look—these things will have to be figured out by people much smarter than I am.
My only point is that to have my income tax reduced to 9% would be wonderful.
“I do think that food and medicine should be exempt from any kind of tax, though.”
“Why? If we’re not going to tax the “necessities” where do you start taxing? With clothing? Shelter? Utilities? Cable TV?”
* * *
I’m on board with Basil with this one. Clothing you cam buy used. You don’t have to have cable. (Despite what most teenagers think! :) You can sleep on your sister’s couch or buy a used mobil home. But you can’t buy *used* food (or at least, most people would not want to!) or *used* medicine. Both truly are necessities of life that must be bought new. I would not want to see people scrimping even more on what they can afford to feed their children because of a tax on food.
However, I am a Cain supporter, and I’d like to see his plan presented to terrific economic thinkers such as Paul Ryan, and eventually go through the Congressional mill. Hopefully some improvements would result.