9-9-9 Plan
The 9-9-9 plan is a proposal to change how taxes work in the United States. Currently, people and businesses have to pay different amounts of taxes depending on how much money they make and what kind of goods and services they buy or sell. The 9-9-9 plan would simplify all that.
Under the 9-9-9 plan, everyone would pay a 9 percent tax on their income, businesses would pay a 9 percent tax on their profits, and there would be a 9 percent sales tax on everything people buy (like clothes, toys, and food).
The idea behind this plan is to make taxes easier to understand and to promote economic growth. Some people think that if everyone pays the same tax rate, it will be fairer. Others worry that the sales tax might hurt low-income people more than others.
Overall, the 9-9-9 plan is just an idea for now. It's up to lawmakers and the public to decide whether they think it's a good idea or not.
Under the 9-9-9 plan, everyone would pay a 9 percent tax on their income, businesses would pay a 9 percent tax on their profits, and there would be a 9 percent sales tax on everything people buy (like clothes, toys, and food).
The idea behind this plan is to make taxes easier to understand and to promote economic growth. Some people think that if everyone pays the same tax rate, it will be fairer. Others worry that the sales tax might hurt low-income people more than others.
Overall, the 9-9-9 plan is just an idea for now. It's up to lawmakers and the public to decide whether they think it's a good idea or not.
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