The Motley Fool Discussion Boards	Previous Page
Financial Planning / Tax Strategies
URL: http://boards.fool.com/by-the-way-the-9-9-9-flat-tax-plan-included-a-9-30411731.aspx
Subject: Re: Investment Income Surtax	Date: 12/3/2012 4:09 PM
Author: bacon	Number: 117057 of 118719
By the way, the 9-9-9 flat tax plan included a 9% sales tax, plus 9% personal income tax and 9% corporate income tax. Yeah, and I disagreed with Mr Cain on two of those. A sales tax, unless it becomes as caveated and Byzantine as our current system, is hugely regressive, and--heresy alert--I don't think businesses should pay any sort of income tax (or get any tax bennies). In the end, even though it's a businessman who signs the tax check, it's the end customer who pays the tax, in the form of prices adjusted to cover what is, essentially, just another cost center. Eric Hines
Copyright 1996-2013 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us