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!"
What to prevent the current income tax from going up and up and up?
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.
You cannot simply abolish one system without a replacment system in place. You need a bridge. -9-9 is that bridge.
How do you feel about "27%" now?
It is a non-starter.
Too many have too much invested in the current convoluted tax system. It is convoluted for a reason.
Simplifying the tax code is never going to happen.
Yes, it makes good sound bytes during election cycles and looks good on paper, but that is about the extent of it.
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Sorry, Herman. Even if you did get elected, you would never get Congress to make that aggressive a change to the tax code or tax system.
I say I’m not going to give anyone a shot at adding new taxes in addition to old taxes.
The old adage is: “The only things sure in life - death and taxes.”
That is not the whole story. “The only things sure in life - death and politicians trying to institute higher taxes.”
1. I do believe that this *does* eliminate FICA and Medicare Taxes.
2. the 9-9-9 plan is a transition to the Fair Tax and the eventual abolishing of the 16th amendment.
3. The 9-9-9 plan immediately eliminates the 80,000+ page tax code and severely limits the IRS
4. the 9-9-9 plan rewards savers
5. the 9-9-9 plan ends the pandering to special interest groups with tax loopholes
6. *EVERYBODY* pays. The 9-9-9 plan ends tax welfare. (It’s still lower than many poor people are currently paying, even if they don’t realize it.)
7. the 9-9-9 plan reduces the corporate tax rate, stimulating immediate economic growth and increasing competitiveness in the global market. (prices *will* go down - companies *will* grow - unemployment *will* go down)
Can you imagine? A three-line tax form?
- what did you make?
- multiply this number by .09
- pay that
Heck, we’d probably have it taken out of our paychecks and never see it. NO TAX DAY.
After the public is educated on the Fair Tax, we can finish the transition and there would be NO income tax and NO corporate tax. Everybody pays. (That includes illegals, drug dealers, prostitutes, etc. If you buy something retail, you pay.)
BTW, My daughter works part-time at a minimum wage job. (She’s going to college) She pays 13% out of every paycheck to the Federal gov’t.
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I’m not sure what he plans to do with churches. I don’t believe that churches should be exempt from paying taxes, but that’s more of a free speech issue for me. (The pastor gives up his right to free speech by claiming tax-exempt status.)
I think Herman Cain is headed in the right direction!!! His tax made need some adjustment, but I am for disbanding the IRS down to a very small group. Also I believe everyone should pay taxes. And....don’t give me the argument that poor people will be hurt. They now gladly pay local taxes on beer, booze, cigarettes, etc. Every citizen should pay. Even the black market, etc. criminals. Simple, if they buy their kid a bike for $100.00, they pay a tax of $9.00. If a rich dude buys a cabin cruiser for $10M dollars, he pays $90,000.00 in taxes. Everybody pays!!! Cain is on the right track IMHO!!!
Until he gets rid of the sales tax idea, this is a terrible plan for America to accept!
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Not if you eliminate the income tax, which is a mess. Besides, it is much better than Obama’s 666 plan.
No, that's just an argument for doing nothing. You can institute a sales tax and repeal the income tax in the same legislation. Then in order to reinstate an income tax, you would have to pass it in Congress, and have the President sign it. Tax rates can be changed as a simple ammendment to the budget, which can't be filibusted.
Amen! Amen! Amen!
Think I'm gonna vote for you.
What is the realistic chance of it being implemented as is, 9%? What is the chance of it being implementad at all?
Then, what is to talk about?!
Its a step toward the one tax - The Fair Tax!
Tax creep over time would eventually bring it back to haunt our children. Make it as hard as possible for it ever to come back.
***The notion that it will be easier to hike a sales tax is nonsense. EVERYONE pays the sales tax. It is much easier to hike the income tax by selling it as a “Tax hike on the rich” then it will be to raise a sales tax.***
BING!BING!BING!
We have a winn-ah!
That’s exactly what stops it. The average Joe looking at his receipt won’t tolerate it going up - especially if they aren’t getting relief from gov’t rebates.
Hate to break it to you, folks, but this plan ain’t going nowhere in our lifetimes. Even if Cain won and got super-majorities in both houses, it just won’t happen. The complexities of the American tax code is a profit center for corrupt politicians to distract the populous when they stick their hands in your pockets. Sucks, but no matter how much any simplification plan makes sense, the status quo rip-off will continue.
Carry on.
Actually, it is more accurate to say you are taxed three times. Because the first 9% is a tax on your income. The third 9% is a sales tax, which is a tax on the income that you spend that was already taxed at 9%. The second 9% is a corporate tax, which will be added to the price of the things that I buy when I get to pay the sales tax with the money I was already taxed on — three taxes. 27%.
Still less than what I pay now, probably. And I can control it a bit by not buying things, but that means we have an incentive to stop spending, which isn’t exactly good for economic growth.
Frankly, I don’t think the income tax is a bad tax, we just need to protect the minority from the tyranny of the majority by spreading out the pain of the income tax on more people.
Right now, a majority votes for politicians who then overtax the minority to give their money to the majority. That is a recipe for collapse.
I would be paying more in taxes than I am now.
“999 is just 666 upside down.”
999 *IS* 666 reversed.
Obama, Pelosi and the libs gave us 666.
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