Umm, so let me ask you, what $$$ do you pay in taxes?
You state with confidence 9-9-9 would raise your taxes.
Did you know that the plan does away with the payroll tax?
For example, if you make 50k, ( an example given by Cain), you are taxed at 9% or 4500$. Now assume, AFTER that, you spend 100% of your income, or 45,500$. 9 % of that is 4005$. (slightly less than 18%).
The bottom tax rate is > 18%.
So I guess the only complainers are the people who are killing this country (in other words they get back MORE in refunds than they pay in taxes).
Time for you to grow up and pay your taxes. I pay the top rate. Right now 51% are net “suckers” and 49% are contributors.
Why should you vote to raise your taxes? Because if we took 100% of the net worth of EVERY millionare int the US, it would raise < 300 Billion. And Kill our economy. We would be a third world country.
IF you live in the US, you OUGHT to pay taxes, not be a ward of the state, unless you have a REASON you cannot contribute to the system.
Quite being a sucker.
I pay taxes and I am a grown up. I just don’t want to vote for someone who will increase my taxes.
Just asking: Under 9-9-9, what does a retiree pay on a cash withdrawal from his 401k or 403b? And, whatever your answer, the retiree saves nothing on payroll taxes, because he's already paid them for his whole working career. How's does such a retiree emerge from 9-9-9?
Great post BB. Good info.