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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Suma who wrote (173279)	10/8/2011 11:15:48 AM
From: JohnM	Read Replies (1) \| Respond to of 542502

The Cain 9-9-9 is 9% personal income taxes, 9% corporate taxes, and 9% sales taxes.

To: Suma who wrote (173279)	10/8/2011 6:36:05 PM
From: Cogito	Read Replies (1) \| Respond to of 542502

>>Everyone pays 9% in taxes and 9 % sales tax and I don't know what the other 9 is for. It's the latest contender from Fl., by Cain.<< The other 9 is corporate taxes. It's a nice, regressive tax system. There isn't even a level below which one pays no income taxes. The guy making $12,000 a year would pay $1,080 in taxes, plus another 9% on all purchases. Yet capital gains would not be taxed at all, so the wealthy would end up paying far less, as a percentage, than everyone else.