Err... Cain’s plan specifically exempts Social Security. I would suggest reading it instead of reading what people say about it. There is a lot of bad info out there, from saying it taxes SS (it doesn’t) to saying it is a VAT (it isn’t).
No were on Cain’s web site does it mention Social Security being not taxed.
With no payroll taxes, 999 will kill SS as it is presently known.
How will people currently on SS be exempted from the 9% sales tax? Have to show proof at point of sales? Keep all purchase records and show proof of same to be reimbursed later?
999 if passed will become a bureaucratic nightmare to make it even remotely work.
>> Err... Cain’s plan specifically exempts Social Security.
Err... does it specifically exempt SS recipients from paying sales tax? ‘cause *that’s* what the OP has a problem with.
And I don’t blame them. 9-9-9 *increases* taxes for some — it has to, or it wouldn’t be revenue neutral — and old folks on fixed SS incomes *will* pay more tax! I’d suggest reading the plan, and you’ll see that it’s not skittles and unicorns for *everyone*.
Fair enough. Here it is Link. Where does it say that it specifically exempts Social Security?