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To: thackney
Even without the sales tax, a family of four making $90k or less would pay less under the 20% flat tax.

Really? Did you include the Social Security and Medicare payroll taxes that each working member of the family would still be paying under Perry's plan in your calculation? That all goes away with 9-9-9 as I understand it.

57 posted on 10/24/2011 2:49:04 PM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: Bigun

No, I believe you will need to add the 7.65% payroll taxes to Perry’s plan and the 9% sales tax to all goods and services for Cain’s.

- - - - -

On a separate thought, I see the optional side of the Perry’s flat tax a bad idea. We don’t really clean up the tax system by adding a new one while keeping the old in place.


79 posted on 10/24/2011 3:49:10 PM PDT by thackney (life is fragile, handle with prayer)
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To: Bigun

Also the Fedzilla taxes, estimated at 20+%, presently embedded in the cost of consumer goods goes away under the Cain plan. They are replaced with a one-time, point-of-sale NRST of 9%.

That provides an economic advantage. But it also provides a freedom advantage. Under the NRST, everyone would contribute something.


109 posted on 10/24/2011 6:46:33 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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