Maybe it’s time to listen to Cain...just a little closer. You want to trust him?? Not me....
If you eliminate the whopping earned income tax refund checks, eliminate all loopholes for the wealthy, begin to receive taxes on those working under the table... YOU FLATTEN THE TAX. The amount if new revenue would be astounding. The rest of us at. 20-36 percent would now pay 9. And that is only in what we buy not what we earn
If you eliminate the whopping earned income tax refund checks, eliminate all loopholes for the wealthy, begin to receive taxes on those working under the table... YOU FLATTEN THE TAX. The amount if new revenue would be astounding. The rest of us at. 20-36 percent would now pay 9. And that is only in what we buy not what we earn
I heard a breakdown of how this 999 thing works and boy is that a wolf in sheeps clothing.
You are exactly right.
Hit’s the middle class right between the eyes.
I like Herman Cain, And I like the way he understands the numbers BUT..
He is going to have hell trying to pass the 9 9 9 plan
People will bitch at the bottom over 9% sales tax.(you screwin the poor)
People will bitch in the middle about 9% tax on homes and automobiles (you screwin the middle class)
And here is the clincher.. The IRS and all the other weenies that make a living off of a convoluted tax plan will never let it fly (You screwin my cushy empire)
Mr. Cain's proposal may or may not be the answer but at least has ideas and has the guts to let us know what they are.
Article I, Section 8, Clause 1:
The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises...but all Duties, Imposts and Excises shall be uniform throughout the United States...
You're confusing excise taxes (e.g. sales taxes) with direct taxes (e.g. income taxes). Direct taxes were indeed originally required to be equal, to prevent unequal taxation on individuals. That was eliminated with the 16th amendment with respect to income taxes.
Excise taxes (in this case sales taxes) must be uniform, so Federal law can't require a 10% national sales tax rate in FL and a 5% national sales tax rate in CA.
What a bunch of morons!
Cain is trying to get us toward a flat tax and thinks his 9-9-9 plan is one step towards that.
I guess this is what Cain gets for actually taking a position on something. He should be like Romney and just attack everyone else without putting up ideas.
If you people keep picking at every little detail when something is proposed, Romney will be our nominee.
Yes, those of us who attended RPOF Presidency V as voting delegates were all Republicans. It was a Republican event, Einstein. It wasn't a Libertarian, Green Party or Communist Workers Party event.
Yes, the delegates in my county were hand selected. Names of people who applied to be voting delegates were pulled out of a hat. This required the use of a human limb with fingers and an opposable thumb. Delegate applicants were required to be present for the lottery drawing. Then we were required to pay the admittance fee immediately.
As for Herman Cain's 9-9-9 tax plan, I heard last night that used items including homes and vehicles would be exempt from the tax. I am eager to learn more about the plan. When I have questions, I plan to ask them.
Nice to know you are fine with continuing the progressive income tax system and high corporate taxes. By the way, when did you skip the gross versus net class?
I also take it you really hate the fair tax?
Cain’s system seems a logical step to implement either a fair tax system in incremental steps.
You are calling Herman Cain evil????? I stop listening to you right there, since you are obviously projecting your own main characteristic.
LOL...oh, the Anti-Cain forces are mobilizing. This should be fun. Folks, do your homework on Cain and the 9-9-9 plan...it won’t make you look so foolish. Now, before you call Herman anti-American, reflect some of the other candidates running. One, proposed Obama style health care on his people. One believes we don’t have a heart if we oppose tuition for illegals. One cries everytime a terrorist is killed. So, for my money, I am going with the man with a plan. Herman Cain!!!
Everyone wants to starve the beast. But I want a nation that I can be proud of with an infrastructure that is safe and up to date and an efficient government that works for the people and not global business.
The government workers (and especially the political elite) should have benefits and compensation and pensions comparable to the private sector. If we are going to force private sector laborers to work until they are 70, then civil service, cops and military should not be retiring in their 40s.
I’m willing to pay taxes to accomplish that as long as they are not funding corruption at the bottom (welfare) and at the top (corporate crony welfare) and waste in government. Lets reward whistle-blowers as a start. The military too needs cut significantly to force a culture of efficiency in the system. Anyone who has served is aware their is no single entity in the world that wastes more billions than the DOD. Our defense of the world on our dime needs to end now. Other nations who benefit from our defense should be paying their way.
i’m sure food would not be included...but i wonder about homes. It would make a difference to us in buying a car though.
Phase 1 - 9-9-9
•Current circumstances call for bolder action.
•The Phase 1 Enhanced Plan incorporates the features of Phase One and gets us a step closer to Phase two.
•I call on the Super Committee to pass the Phase 1 Enhanced Plan along with their spending cut package.
•The Phase 1 Enhanced Plan unites Flat Tax supporters with Fair tax supporters.
•Achieves the broadest possible tax base along with the lowest possible rate of 9%.
•It ends the Payroll Tax completely – a permanent holiday!
•Zero capital gains tax
•Ends the Death Tax.
•Eliminates double taxation of dividends
•Business Flat Tax – 9%
◦Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.
◦Empowerment Zones will offer additional deductions for payroll employed in the zone.
•Individual Flat Tax – 9%.
◦Gross income less charitable deductions.
◦Empowerment Zones will offer additional deductions for those living and/or working in the zone.
•National Sales Tax – 9%.
◦This gets the Fair Tax off the sidelines and into the game.
Phase 2 – The Fair Tax
•Amidst a backdrop of the economic boom created by the Phase 1 Enhanced Plan, I will begin the process of educating the American people on the benefits of continuing the next step to the Fair Tax.
•The Fair Tax would ultimately replace individual and corporate income taxes.
•It would make it possible to end the IRS as we know it.
•The Fair Tax makes our exported goods and services the most competitively internationally than any other tax system.
Phase 1 Enhanced Plan – Summary
•Unites all tax payers so we all pay income taxes and no one pays payroll taxes
•Provides the least incentive to evade taxes and the fewest opportunities to do so
•Lifts a $430 billion dead-weight burden on the economy due to compliance, enforcement, collection, etc.
•Is fair, neutral, transparent, and efficient
•Ends nearly all deductions and special interest favors
•Ends all payroll taxes
•Ends the Death Tax •Features zero tax on capital gains and repatriated profits
•Lowest marginal rates on production
•Allows immediate expensing of business investments
•Eliminates double taxation of dividends
•Increases capital formation. Capital per worker drives productivity and wage growth
•Capital formation will aid capital availability for small businesses
•Features a platform to launch properly structured Empowerment Zones to revitalize our inner cities
•We all know the Fed has tripled the money supply since 2008. They have been printing money out of thin air to finance the Obama spending machine. While true Fed reform that restores sound money may have to wait for my election, the best thing we can do now is to pursue policies that increase the DEMAND for dollars to help mitigate the risks associated with the increase in the supply.
•Pro-growth economic policies equal a strong dollar policy
1. You need to destroy the existing tax code because it is no longer concerned with providing funds to operate the Federal Government. The loopholes are unbelievable. Its use to ensure reelection of various Congressional Critters is even worse, And some how, I am not sure how, its use as a social engineering device is worse than the first two factors I mentioned combined.
2. Tax revenue needs to be linked to some economic factors. Otherwise you recreate our present budgeting system that has an automatic 8 % annual increase. That's what 4 times inflation? When was the last time you had an 8 % raise? If the economy goes up taxes go up - okay that seems reasonable. When the economy goes down taxes go up too. “Lucy, you got some explaining to do”!
3. With nearly half the total population not paying income taxes there is something seriously wrong. Responsibility (paying taxes) is no longer linked to anything. When this happens the probability for a violent change of governmental directions goes way up - Russia 1918 and Germany in the late 1920s come to mind.
The tax code will be changed, for better or worse. My only question is will it be done peacefully or not?
9-9-9: A Vision for Economic Growth
Herman Cain On His 999 Plan Part One Sept 16th 2011
Herman Cain On His 999 Plan Part Two Sept 16th 2011
Boortz Discusses Herman Cain's 999 and FairTax Support
Simon Conway Interviews Herman Cain Part 1 Sep 28, 2011
Simon Conway Interviews Herman Cain Part 2 Sep 28, 2011
999 Plan - Herman Cain for President
Herman Cain's '999 plan': long overdue tax reform or job killer?