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Subject:  Re: Investment Income Surtax Date:  12/3/2012  4:09 PM
Author:  bacon Number:  117057 of 127522

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
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