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Look Before You Leap on Cain’s 9-9-9 Tax Plan
CATO ^

Posted on 10/18/2011 2:52:12 PM PDT by Def Conservative

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To: 1010RD

Yup. The end user ultimately pays all costs, including taxes.


41 posted on 10/18/2011 4:59:25 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: bilhosty

Screw you, surrender monkey RomneyBot!


42 posted on 10/18/2011 5:01:19 PM PDT by Jim Robinson (Rebellion is brewing!! Impeach the corrupt Marxist bastard!!)
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To: normy
No, we could sense it would be attack by the save the IRS crowd. The damn details do not matter. The move to change the system is what is important. And the man you support was not smart enough to think of it, well that is just to damn bad. Buy yourself a crying towel.
43 posted on 10/18/2011 5:12:59 PM PDT by org.whodat (Just another heartless American, hated by Perry and his fellow demorats.)
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To: bilhosty
Romney certainly has the best hair of the bunch.


44 posted on 10/18/2011 5:19:42 PM PDT by 50mm (Trust nobody and you'll never be disappointed.)
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To: dfwgator

BUMP


45 posted on 10/18/2011 5:43:18 PM PDT by kitkat (Obama, rope and chains)
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To: Meet the New Boss

IIRC VAT’s under WTO rules can be rebated. This is another potential advantage.

It means a resetting of taxes worldwide unless they want to transfer their wealth to the US.


46 posted on 10/18/2011 6:56:09 PM PDT by 1010RD (First, Do No Harm)
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To: newzjunkey
The critics of Cain's plan seem desperate to label some part of it a VAT.

First they were calling the retail sales tax portion a VAT. That died down when people started educating themselves on what a VAT actually was.

Now their trying to call the 9% corporate income tax a VAT. I think that will die down when people start to compare it to the current 35% corporate income tax.

After all, if you're going to call Cain's 9% corporate income tax a VAT, what do you call the current 35% corporate income tax?

There isn't a VAT in the plan, and saying the 9% corporate income tax works like a VAT is not a valid criticism. Heck, I pointed out a while back that the current 35% corporate income tax works like a VAT, but for some reason you don't hear Michele Bachmann screaming about that.

The hidden 22% tax

47 posted on 10/19/2011 6:58:24 AM PDT by Brookhaven (I oppose an electric border fence, because it might kill the alligators in the moat)
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To: newzjunkey
The critics of Cain's plan seem desperate to label some part of it a VAT.

First they were calling the retail sales tax portion a VAT. That died down when people started educating themselves on what a VAT actually was.

Now their trying to call the 9% corporate income tax a VAT. I think that will die down when people start to compare it to the current 35% corporate income tax.

After all, if you're going to call Cain's 9% corporate income tax a VAT, what do you call the current 35% corporate income tax?

There isn't a VAT in the plan, and saying the 9% corporate income tax works like a VAT is not a valid criticism. Heck, I pointed out a while back that the current 35% corporate income tax works like a VAT, but for some reason you don't hear Michele Bachmann screaming about that.

48 posted on 10/19/2011 7:08:13 AM PDT by Brookhaven (I oppose an electric border fence, because it might kill the alligators in the moat)
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