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
We pay property taxes in Texas instead of a state income tax on assessed value — varies on where you live — around 2.6 (Rates per $100.00 value).
We pay a sales tax in Texas — varies depending on where you are — around 8%.
How will Herman Cain’s 9-9-9 tax change that? He said on Meet the Press that (I think — it was hard to tell) that we must not associate the two — that what the states do was....???