To: FReepers; Everyone; All;
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hmmm......20% or 9%....20 or 9......it’s a difficult choice but one that according to the polls, people have been making for over a month now.
If true, and he’s hoping to one-up Cain with this… uh, lol.
I’m for a national sales tax on new goods valued under $15,000. 10% should do it.
This means everyone pays and because it is a sales tax everyone can SEE the tax which means that they will WATCH it too.
Repeal the income tax. No more IRS and no more personal or corporate income tax.
This will also make the so-called non-profits that do not reed, house or clothe humans pay something. It is outrageous that the 503 type laws are being abused the way they have been over the last decade....
The debate begins! :)
So, is it 20% for corporate tax rate too?
20+20=40 or 9+9+9=27.
If it is optional I’m going to have to figure out my taxes both ways so I can decide which one is cheaper.
I could just file the EZ form if I wanted to do them quick.
If we leave the current system in place all the evil rich corporations will still have all those loopholes they purchased with lobbying/campaign dollars. It doesn’t get rid of the system to introduce more loopholes/deductions.
One of the most attractive portions of 999 is removing the power of congress to social engineer our country through the tax code. Perry’s plan doesn’t do that.
I’ll go with the lowest number.
My Taxes would quadruple with this 20% flat tax. My primary reason I’m not for a 100% flat tax, however, is that it doesn’t touch the almost $1 trillion underground economy.
I want to move away from citizens being required to keep financial records and have those audited by the government absent the protection of a jury of their peers entirely.
You go with the plan that represents your values and vision.
Let’s see if Perry has enough confidence in his tax plan to project what the unemployment % will be at his first midterm election. If not, fogitaboudit, it’s not a plan, it’s a speech.
Are there any conservatives who have any interest in cutting back the size and scope of government? All I see is politicians who are coming up with clever, more palatable schemes to take money from us to fund the ever-expanding destructive federal monster. Just cut the spending. Cut government control and spending. Cut government involvement in our lives.
Do any of you get this? Is there anybody out there who isn’t take in by the better funding nonsense?
If there’s one thing Rick Perry loves, it’s a pissing contest.
Optional my ass.
If you implement the 20% flat tax you need to abolish the current tax code. Otherwise, 10 years down the road you’ll be paying both.
One or the other...not both, optional or otherwise!
Wait, has nobody chimed in with “The 20% will become 30% then 50%” yet? Perry apparently peaked at Newt’s answers during the test. He’s got the same optional flat tax idea. But, had it a while back. We had to wait weeks on this?
Would be nice if people would bother to read.
The plan would have each person pick whether they want taxes figured under the current IRS code, or under the flat tax plan. Whichever one was cheaper for them is the one they would pick. DUH.
So all the screaming on that point is...dumber than they are accusing Perry of being, by far.
In comparison to Cain’s, Perry’s has a $12,500 personal exemption per household member.
I don’t want the Feds to get taxing power over everything I buy.
I also am against the philosophy behind and the specific implementation of empowerment zones as I understand them.
I do agree that the Feds need to be drastically cut back, so it’s crucial that these tax plans not sidetrack us off of that point.
WTF?!
Optional tax?
Sounds crazy.
Thanks to Cain, THIS is the national debate we’re having, and should have been having over many of the past election cycles (Forbes never got traction).
We’re not debating WHETHER the current tax code needs radical reform, we’re debating HOW.
I hope entitlements will be similar, and I believe Cain isn’t afraid of them.
$50,000 salary with a two person household:
Under Perry:
.20 * $25,000 = $5,000 flat tax
+.05 * $50,000 = $2,500 payroll taxes at the 2012 rates
= $7,500 total taxes. (42,500 take home)
Under 999
.09 * $50,000 = 4,500 income
.09 * $45,000 = 4,095 sales tax if EVERYTHING is taxable
= $8,595 taxes (41,405 take home)
However:
If only 75% of what I earn is taxable, then $7,571(42,429 take home) in taxes.
If my employer passes on the saved(current) payroll taxes and everything is taxable:
$4,775 taxes on the new 53,060 income.
$4,346 sales taxes at 100% of take home pay
$9,121 total taxes (take home of $43,939).
Change that to 75% taxable = $45,025.39 take home pay.
Just to run some numbers. The only way to come out ahead under Perry is to have more dependents. This won’t work for me.