To: firebrand
Right, except I'm of the understanding that the plan subtracts the purchase price from US companies at each stage of the supply chain, which would have the effect of a one-time-only tax I believe.
The biggest problem with the sales tax is the constitutionally-protected income tax. Until the 16th Amendment is repealed, the sales tax will be and ADDITIONAL TAX not a replacement tax. The 16th Amendment must be first repealed before a sales tax is created.
To: PapaNew
Even after the 16th is repealed, the new 9% tax is an additional tax on currently taxed existing savings.
2,144 posted on
10/19/2011 6:17:08 AM PDT by
mylife
(The Roar Of The Masses Could Be Farts)
To: PapaNew
Even after the 16th is repealed, the new 9% tax is an additional tax on currently taxed existing savings.
There must be an exemption for current savings.
2,145 posted on
10/19/2011 6:18:04 AM PDT by
mylife
(The Roar Of The Masses Could Be Farts)
To: PapaNew
Right, except I'm of the understanding that the plan subtracts the purchase price from US companies at each stage of the supply chain, which would have the effect of a one-time-only tax I believe.
The biggest problem with the sales tax is the constitutionally-protected income tax. Until the 16th Amendment is repealed, the sales tax will be and ADDITIONAL TAX not a replacement tax. The 16th Amendment must be first repealed before a sales tax is created.
You are correct. The sales tax portion of the 9-9-9 plan is NOT a VAT, meaning that is a point of sale tax, not a tax that occurs at every stage where "value" is "added". Currently, the total sale price of an item includes 22% of embedded taxes, mainly passed on corporate taxes. So, in effect, you are already paying this ADDITIONAL TAX, it is just hidden.
I completely agree on repealing the 16th Amendment. What this plan does is eliminate our current monstrous tax code and replaces it with a 9% flat tax. Eliminating the tax code is step one in repealing the 16th Amendment.
Lastly, the 9-9-9 plan eliminates other current taxes including the payroll tax and the estate tax and it reduces tax rates while widening the tax base.
To: PapaNew
>The biggest problem with the sales tax is the constitutionally-protected income tax. Until the 16th Amendment is repealed, the sales tax will be and ADDITIONAL TAX not a replacement tax. The 16th Amendment must be first repealed before a sales tax is created. <
Exactly. Hasn’t Cain repeatedly stated the first thing that would have to happen, before a “999” plan could be put in place, would be for the 16th Amendment to be scrapped?
2,194 posted on
10/19/2011 8:43:31 AM PDT by
Darnright
("I don't trust liberals, I trust conservatives." - Lucius Annaeus Seneca)
To: PapaNew
Except, as I mentioned later, companies tend to incorporate increased expenses into the cost to the next guy in the chain.
2,253 posted on
10/19/2011 11:40:06 AM PDT by
firebrand
(Why didn't they impeach him before he started the revolution?)
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