We don’t really know what a flat tax means. If it includes income and all payroll taxes, then that’s not bad.
It means that a married couple with 100,000 in income will pay on 75,000 of their income, so roughly 15,000 a year in tax...unless their old way of doing taxes is less.
With Cain they will pay less with the 9% income and 9% sales tax, but there are no details yet on the details. This means that the same family will be paying 9000 on income and some amount, let’s say 6000, on sales tax. That is 15,000.
However, under the Perry plan, if the current system works better for the couple, then they get to take the lower number.
If they have kids, then their tax is far lower.
That seems to indicate Perry’s plan is very competitive.
Thanks for sharing your insights, dear brother in Christ!