RE: Why should a retired couple get their $61,000 tax free and a working couple have to pay $5500 in income taxes and another God knows how much else in sales taxes?
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1) Because they’ve ALREADY paid for it during 40 years of their working lives. Why should they be taxed twice?
2) The current worker will reap the rewards of his contribution WHEN HE RETIRES as well.
3) The retired couple STILl pays for sales taxes on any new item they buy.
4) One request — when you calculate a $40,000 salary and the income tax that person will have to pay, PLEASE TAKE INTO CONSIDERATION that PAYROLL TAXES that person pays now and the fact that IT WILL NOT BE TAKEN AWAY if Cain’s plan is passed. Payroll taxes are eliminated under Cain’s plan.
Cain’s calculations with payroll taxes eliminated, show that the person ( for a $40,000 salary ) will pay IN EFFECT just close to $700 a year with 9-9-9.
Of course with the current tax system, if the person has kids and a mortgage, he pays nothing. But hey, the point is to broaden the tax base such that EVERYONE gets involved with the running of the government, not just half of all tax payers.
That will ensure that ANY attempt at raising the 9% will be VISIBLE to EVERY tax payer and will help ensure that THEY will also share the burden of any tax increase. In which case, it will force more people to be vigilant.
Incorrect. A family of 4 with an income of $40,000 pays nothing in income tax and only $2260 in FICA currently. Under Cain's plan their income tax goes up to $3600, a $1340 increase not $700. Plus they pay an additional 9% on just about everything they buy, which could easily result in another $3000 or so in taxes.
But hey, the point is to broaden the tax base such that EVERYONE gets involved with the running of the government, not just half of all tax payers.
Currently the goal should be to get Obama out of the Oval Office come January 2013. If you have a candidate running on a platform that could double or triple the taxes half the country pays, not to mention taxing the purchases of those retirees who vote like crazy and who don't currently have much of a tax burden, then how can you expect to win? Would you vote for a candidate who will double your taxes? I wouldn't. Why should any other rational person?