Quote:
Originally Posted by davidmash
My understanding from what I have read about the 999 thing is that the issue is the income tax. The rich get a break because most of their income is not W2 based but dividend based. The working class takes a bath because their income is primarily W2 based.
|
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.
10-21-2011, 05:56 PM
Threaded Mode
