Herman needs to emphasize the hidden tax in goods and services. People are not getting that they will save money on goods and services by removing 22% hidden taxes and replacing with 9% sales tax at final point of sale.
Also since they already pay 22% plus their state sales tax now, they are saving money.
He should use more examples like “Do you want this car under the current plan or under mine” something like that to emphasize the savings.
He needs to repeat often that social security and savings plans will not bet taxed.
Empowerment zones need to be explained in more detail.
He also needs to stress that foreigners (illegal’s) and criminals will also be paying the sales tax.
I have sent an email to his website to put this link on there to help people understand.
Thanks for the link. That is VERY interesting.
Agreed on the hidden tax/markups. I did take a couple of courses in economics..and sales, so I understand how that works..but many won’t see that if it isn’t demonstrated. Mr. Cain is a mathematician after all, so this is all academic to him. He’ll have to be able to bring ‘crayon-level’ discussion to the term ‘sneak a taxes’ (which is a great line).
I’m hoping others (like a Paul Ryan or Simpson) could review the plan in detail and get some thoughts on specifics out there. All of the organizations scoring the plan either with a thumbs up or thumbs down) are adding to the discussion but not getting anywhere.
>>> Herman needs to emphasize the hidden tax in goods and services. People are not getting that they will save money on goods and services by removing 22% hidden taxes and replacing with 9% sales tax at final point of sale. Also since they already pay 22% plus their state sales tax now, they are saving money. >>>
Amen, you are right. It was breathtaking to see Perry, Romney, Santorum and Bachmann all pretend to be absolute bozo’s in their misunderstanding of this simply because Cain is now a front runner. It shows they must think all voters are too stupid to ever figure this out. I admit, a lot of knee jerk reactions indicate it’s a tough sell - and forget 999 for just a moment - the fact is if we are too stupid as a society to debate this plan honestly and intelligently, then we are too stupid NOT TO FAIL.
You're assuming that when the 22% of hidden taxes is removed, all this money will be added to the employees paycheck?
9-9-9 removes a minimum of 9% from the cost of the domestic product and adds 9% to the cost of the import product. Domestic manufacturing will boom. Sales tax on imports will produce roughly $80 - $100 billion annually, probably more. This is money that before was leaving for the originating country. The cost of US goods would drop by 9% making them more profitable and competitive overseas.
Made in America will become an avenue to revenue, lots of it.