Quote:
Originally Posted by DrPhil
To make sure I understand, the 9% Federal sales tax would be added to the 8% state sales tax in TX?
Okay, I need to map this out:
* 9% tax on personal income
* 9% tax on business income
* 9% tax on sales
What are the pros and cons of this including the con of the 17.25% TX sales tax? Cain is increasing in popularity and I hope his popularity is based on an understanding of his proposed plan.
<----visual learner  |
It's regressive. The poorest people end up paying the largest share of their income in taxes.