I’m curious, he’s curious, she’s curious, they’re curious, yes, we all want to know what Herman Cain’s 999 plan really is!
Google searches have been on the up for “999 cain” as seen in this screenshot:
Here’s the scoopadillio direct from HCain’s site:
- 9% Business Flat Tax
- Gross income less all purchases from other U.S. located businesses, all capital investment, and net exports.
- Empowerment Zones will offer deductions for the payroll of those employed in the zone
- 9% Individual Flat Tax.
- Gross income less charitable deductions.
- Empowerment Zones will offer additional deductions for those living and/or working in the zone.
- 9% National Sales Tax.
- Unlike a state sales tax, which is an add-on tax that increases the price of goods and services, this is a replacement tax. It replaces taxes that are already embedded in selling prices. By replacing higher marginal rates in the production process with lower marginal rates, marginal production costs actually decline, which will lead to prices being the same or lower, not higher.
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