Republican candidate Herman Cain on Meet the Press today:
The 9-9-9 plan would replace the complex U.S. tax code with a 9 percent income tax, a 9 percent corporate tax and a new 9 percent national sales tax.
“Who would pay more? The people who spend more money on new goods. The sales tax only applies to people who buy new goods, not used goods. That’s a big difference,” Cain told NBC.
So, can I interest you in some pre-owned pizza, Herman?
I bet it’ll cost you a lot less than new.