You show me where Mr Cain exempts current savings from an ADDITIONAL 9% tax.
Show me where hes ever discussed it. Is current savings new income? Is it under a sales tax?
Perhaps you like the current tax system, most rational people dont.
You show me where Mr Cain exempts current savings from an ADDITIONAL 9% tax.
I may be wrong here but unless your saving it in a jar isn’t the interest on that money already subject to taxes higher than 9%? Money in 401’s will remain tax free until drawn and then they will only see a maximum of a 18% tax. I wish he would address this subject directly because it comes up allot.
ok....
http://www.hermancain.com/999plan
When Fox has a video from Huckabee from last night up you can check that also.