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To: orthodoxyordeath

What many people overlook regarding his 9-9-9 plan - it’s a BIG WIN for the self-employed. Those who create most of the new jobs - small businesses, self-employed people.

Right now, they pay 15.3% for SS/FICA. And then they pay income tax on top of that - most pay at least 15% income tax. Meaning the prime driver of new net jobs (about 90% of all new net jobs), small businesses and entrepreneurial startups, will have a lower net tax rate.

This is a BIG WIN for our economy.


15 posted on 10/09/2011 11:15:50 AM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
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To: FromTheSidelines
What many people overlook regarding his 9-9-9 plan - it’s a BIG WIN for the self-employed.

Are you sure?

What can't the 9-9-9 plan become a 16-16-16 plan within 5 years?

The Income Tax was instituted in 1913 with a top rate of 7.8%; by 1918, the top rate was already 77%.

Be careful what you wish for.

19 posted on 10/09/2011 11:25:15 AM PDT by beancounter13
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