Quote:
Originally Posted by firstdown
Well when you pay nothing and then pay something your going to take the largest hit.
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They pay nothing? They already pay sales tax, property taxes, and state income taxes. I mean, it's not their fault that when it's all said and done they make so little income and consume most of their income to live a normal life.
Screwing people who make 40K or less isn't a winning formula and will hardly generate any meaningful income for the government seeing how 16 million of those who pay no taxes are the elderly and the plan calls for no taxes on the elderly at all.
I hear under Cain's plan, Buffet would pay roughly 1% income tax plus a few thousand dollars for his food, lawn maintenance and travel expenses...oh and that big screen TV that will be charged at 17%. LOL...ludicrous!