How about you Cain authorities tell us if the 9% income tax will also end personal and dependent deductions.
Please enlighten us.
If it reduces your tax burden why would you need those deductions? I don’t know about you but I don’t think I’d stay with the status quo to keep a couple of deductions when I can lower the amount I have to pay. And if you know anything about politics, every suggestion is a way to start a discussion. This is one that we absolutely need to have. Why not some kind of flat tax (which a 9% is) that has everyone paying, no loopholes, deductions, etc. The law could be written so that increasing the rate is harder than trying to pull a tooth with 2 q-tips and a rubber band.
Cindie
Some states have a state income tax - do we know if that is abolished?
READ THE BOOKS! You’ll find all the answers and they won’t be in the table of contents.