Herman Cain has a plan. It’s a plan with a catchy title. He calls it the 9-9-9 plan. It stands for a 9% across the board income tax rate for individuals, a 9% across the board corporate income tax, and a 9% across the board national sales tax. Cain says our tax code today is “the 21st century version of slavery” and his revolutionary new plan will fix that.
It’s a truly remarkable coincidence, isn’t it, that the perfect tax for corporations, individuals and on purchased goods is exactly the same? I mean, really, wow. If the perfect sales tax was 8%, that would have really messed up a good catchy campaign slogan, wouldn’t it?…Read more ›