So this 9 9 9 plan advocates a 9% personal tax rightÉ For the average person making roughly 40 000 that would be $3600 in taxes, as opposed to about $10 000 now, if you multiple that by about 135 million people in the USA you get $864 billion dollars in lost tax revenue, how does Cain plan to account for thisÉ Or does the 9-9-9 not include income taxesÉ Also the consumer tax would not generate enough, even if it was 9% on $20 000 that`s still only $1800 made per person.
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The plan is revenue neutral. Your calculations are wrong. See WSJ editorial and explanation yesterday or the day before for an explanation.
I like 9% tax on income and all that, just not the 9% sales tax which would be a tax increase for states that already have a sales tax.
No, Cain is stupider than Bush almost.