I could be wrong but I believe Cain's tax counts capital gains as regular income and gets rid of all deductions except charitable. I'd like to see charitable deductions get flushed, but I can't have everything.

That was my understanding, too.

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Cains 999 plan

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Thanks for the link.

The rest of it looks pretty okay to me.

9-9-9 Plan: Summary

Removes all payroll taxes and unites all tax payers
Provides the least incentive to evade taxes and the fewest opportunities to do so
Lifts a $430 billion dead-weight burden on the economy due to compliance, enforcement, collection, etc…
Is fair, simple, efficient, neutral, and transparent
Ends nearly all deductions and special interest favors
Features zero tax on capital gains and repatriated profits
Exports leave our shores without the Business Tax or the Sales Tax embedded in their cost, making them world class competitive. Imports are subject to the same taxation as domestically produced goods, leveling the playing field.
Lowest marginal rates on production
Kills the Death Tax
Allows immediate expensing of business investments
Eliminates double taxation of dividends
Increases capital formation which aids capital availability for small businesses
Increased capital per worker drives productivity and wage growth
Features a platform to launch properly structured Empowerment Zones to renew our inner cities
The pro-growth, pro-job, pro-export economic policies of the 9-9-9 PLAN equals a strong dollar policy
Phase 2 – The Fair Tax

Amidst a backdrop of the economic renewal created by the 9-9-9 Plan, I will begin the process of educating the American people on the benefits of continuing the next step to the Fair Tax.

Ultimately replaces individual and corporate income taxes
Ends the IRS as we know it and repeals the 16th Amendment

What am I missing here. Does not the first line in his plan, "removes all payroll taxes" mean the first part of the fair tax is redundant?

- Peter.

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1984 123 200
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1971 108 280S

What is the difference between " capital gains" , and "repatriated capital gains"?
I also heard him say that profits reinvested in the USA for equipment etc are not taxed. That seems OK on the face of it.

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In general, "repatriated" means returned to this country. So I assume that it means money made overseas and brought to the USA would not be taxed. Hmmmmmm. That's curious. I know when I worked in South America I had to stay away 18 months (IIRC) in order to not pay taxes on income from an overseas company. But golly, that was 30 years ago and I haven't kept up and could be confused, anyway.

Maybe I shouldn't have posted this response.

Never mind!