Posted on 09/27/2011 1:36:16 PM PDT by xzins
Have you heard about 999? Sorry, it isn't a German Hausfrau admonishing her children. What is 999? It's a new tax scheme dreamed up by Republican candidate, Herman Cain. In his plan, we have a 9% corporate tax, a 9% income tax, and a 9% sales tax.
Here is the bottom line: 999 is one tax MORE than we now have. Argue all you like about the 9% rate, but know this, we are NOT now paying a national sales tax of 9%.
Please consider this. Governments love to tax. Governments love taxing so much that they will at times violate their own Constitution in their frenzy to find more tax money to fill their coffers. Fortunately, when that occurs, citizens do have some recourse in appealing to the courts the violation of their Constitution, as is the case of the individual mandate in ObamaCare.
Not so with the 999 of Herman Cain. The Constitution says that an income tax is acceptable. It speaks nary a word about a corporate tax, meaning that taxes not specifically forbidden are OK. That means a 9% sales tax can also be easily instituted by simple act of Congress.
Remember, governments loving taxes is a passion surpassing that of teenage boys loving teenage girls. They love them so much that our current income tax, once a percent or two of one's income, is now ranging into the high 30 percent. After all, they are Congress and the only thing preventing tax hikes is elections, and even they don't seem to prevent them awfully well.
So imagine that innocent looking 999 some day being 101010 or 121212 or even 303030. What's to prevent it? Absolutely nothing.
Without a Constitutional amendment setting those precise limits, or, in my opinion, an amendment that ends the socially manipulative income tax altogether and forever, those meek little 9's are very dangerous seeds planted that will grow and grow.
Therefore, there is no doubt about 999. America's response should be "Nein, nein, nein!"
I thought the 9-9-9 was to remove FICA and Medicare taxes. It does. It also replaces the double taxation in the current system. For example in the current tax code capital gains are taxed then taxed again as income. In 9-9-9 you pay one flat rate 1 time.
I don’t like it. And I don’t like those “special empowerment zones.” Does this mean some are more special than others and entitled to waivers? Tax breaks? Will the rest of us be taxed to support them? Why are jobs in cities more special than jobs in the burbs. The burbs and rural areas are unemployed too.
That was his title. Sounds like the Fed to me.
1. an upper limit on each form of tax (that is not very high)
2. a constitutional limit on federal spending along with a “no cost shifting” clause so the fed can't force anyone (States, us, anyone) to spend on their behalf
Sorry but you cannot do that. You must bridge from one tax to the other. You cannot abolish the current system with nothing to replace it.
Why are you so afraid of the 9-9-9 plan and not of Congress simply raising existing tax rates?
This argument that because no system of taxation will be utterly perfect we must cling to our current corrupt failed income tax system is nonsense.
No replacement system will be perfect. There will be flaws in any replacement
This is like the British VAT (value added tax). It was just raised to 20% from 17.5%. Up and up and up.
Without a controlling amendment, we are simply adding one more tax.
I prefer making the income tax unconstitutional. Then there is no doubt and no wiggle room.
The national sales tax would get:
1) The bottom 50%
2) The illegals
.. paying taxes to the Fed, which they currrently do not do.
That's because you are a blind and foolish Ronulan.
You are right, I haven’t. If he is abolishing the FICA tax and rolling it into the Federal Income Tax then he is at least being honest, since FICA is an income tax.
His sales tax rate is too high on a national level. Most states without an income tax have 9-10% sales tax rate. If you have a federal income tax rate of nine percent the national sales tax needs to be around 2-3% if its sole purpose is to make sure that everyone pays some federal tax. Which is the only reason I can think of to have a national sales tax.
Remember the problem with the federal government is not tax revenue. It is spending and as Marc Rubio put it so well, we don’t have too few taxes we have too few taxpayers. Not sure if the 999 plan will do much for economic growth. But it does take the discussion in the right direction. So good for Cain on that score.
Exactly. And the only thing preventing its going higher is a ... politician's promise.
I was waiting for that one, surprised it took 37 replies....
Yes, your rate is 27% - but that’s contrasting it with what your effective rate now is, probably close to 65%.
Isn’t that a mix ratio on a bag of fertilizer?
A “Ronulan”. Cute, really, but I’m not a supporter of Ron Paul, if that’s what you mean.
I’m in favor of any true pro-life, pro-gun, pro-God, anti-tax, pro-marriage, pro-America, conservative.
Cain could be on that list if he’d drop the sales tax INCREASE, and make a clear statement about the Right to Life.
The notion that it would be easier to raise a sale tax everyone pays then to raise the the current income tax “on the rich” is absurd nonsense.
Better go back to the drawing board Perry camp, that dog will not hunt.
Either an income tax or a sales tax, but not both.
Could you please give me a link to where I can see the Cain 999 Plan?
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