Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Cincinatus' Wife

I think he missed the point - 9 percent would replace ALL other taxes, if I’m understanding Cain - so the city/state/fed would each get 3 percent, right?


5 posted on 10/13/2011 5:27:30 AM PDT by beachn4fun (Looking for (former?) Marine LtCol Wainsgard.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: beachn4fun
I think he missed the point - 9 percent would replace ALL other taxes, if I’m understanding Cain - so the city/state/fed would each get 3 percent, right?

This is the first I've heard of this. Does this mean that the Fed would be telling the cities and states how much tax they would get? Really?

12 posted on 10/13/2011 5:36:02 AM PDT by alicewonders
[ Post Reply | Private Reply | To 5 | View Replies ]

To: beachn4fun

Absolutely not. Where did you get this idea from?


15 posted on 10/13/2011 5:36:58 AM PDT by jgge
[ Post Reply | Private Reply | To 5 | View Replies ]

To: beachn4fun

No, he is strictly dealing with Federal taxes.

The point the author misses is that the taxes are already embedded in the price of the product. When you buy a car, the price includes all of the taxes being paid by the people that produced the car. If you move those taxes to the point of sale, the list price of the car goes down add on the sales tax, and the price out the door hasn’t really changed.


54 posted on 10/13/2011 6:11:26 AM PDT by CMAC51
[ Post Reply | Private Reply | To 5 | View Replies ]

To: beachn4fun
I think he missed the point - 9 percent would replace ALL other taxes, if I’m understanding Cain - so the city/state/fed would each get 3 percent, right?

Nope. The federal government cannot tell the state and local governments that they can't levy taxes of their own. The 9% federal sales tax is in addition to any state and local taxes currently in place.

84 posted on 10/13/2011 6:36:06 AM PDT by SoJoCo
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson