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To: calex59

The 999 most certainly has a personal income tax of 9% http://www.hermancain.com/999plan

I am going to the VAT wiki and see what the big deal is when freepers like you say it is so much different than a sales tax


23 posted on 10/20/2011 3:08:40 AM PDT by dennisw (What good is a used up world and how could it be worth having - - Sting)
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To: dennisw
I am going to the VAT wiki and see what the big deal is when freepers like you say it is so much different than a sales tax

Oh, how about a potential of hundreds of percent vs 9%.

Wiki!?!?

26 posted on 10/20/2011 3:15:26 AM PDT by ROCKLOBSTER ( Celebrate Republicans Freed the Slaves Month.)
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To: dennisw
You don't need to go to Wiki- its made real simple here in two big pictures.
31 posted on 10/20/2011 3:35:18 AM PDT by wistful
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To: dennisw

I know that, but he would eliminate the progressive tax and during the second stage, when the fair tax would be implemented, the income tax would be gone for good. At least that is my understanding. He also wants to trash the hidden taxes we pay now. The 53% that pays taxes in this country work for the first four months of the year to pay off their taxes before they can spend any on their selves.


52 posted on 10/20/2011 5:32:02 AM PDT by calex59
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