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To: Clairity
I just read over the posts on this thread. The only thing these posts prove conclusively is that it is not at ALL clear what his 9-9-9 plan really means or what its ultimate consequences might be.

It looks simple and straightforward. It's not.

I'm withholding judgment.

100 posted on 10/08/2011 5:46:59 PM PDT by behzinlea
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To: Hugin
A couple other things I found:

Excise taxes are narrow-based taxes, as compared with broad-based taxes on consumption such as a general sales tax, a value-added tax, or an expenditure tax.

Excise Tax: This is charged on the good produced within the country. It is type of duty paid to the government by the producer of the good. Excise tax is applied to narrow range of products. And more over it is heavier and specific. Some examples are excise duty on production of silk/wool or man-made filaments, duty on tobacco and alcohol. An example of excise tax is a Use tax. This is paid by the individual when the sales tax has not been paid to the government. This is generally imposed in United States. This is tax on the use of certain goods and services. The use tax is a substitute for sales tax.

Another example of an excise is a tax or duty levied on the sale or importation of specific goods or a fixed rate tax on the sale or importation of specific goods; in this manner it differs from a general sales tax or value added tax.

Are there any tax lawyers around? I can't tell what the legal distinction is between an excise tax and a sales tax.
114 posted on 10/08/2011 6:09:30 PM PDT by DTxAg (The Presidency is not an entry-level position.)
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To: behzinlea
I just read over the posts on this thread. The only thing these posts prove conclusively is that it is not at ALL clear what his 9-9-9 plan really means or what its ultimate consequences might be. It looks simple and straightforward. It's not.

It can't be simple! We have such a giant bloated pig of an ever-reaching, supremely interwoven spider web of a government. There is no easy or fast way to extricate the cancer that it is.

There must be something in place to fund certain things as we begin to defund and destroy other things.

None of this can or will be an easy fix. I guarantee no one on this board has read all there is to read regarding this economic plan and the why and how it will work. I know I haven't.

But you have to choose at some point. Do you want what we have now, or do you want to try and change it?

There is a phrase that I have never liked that fits well here:

Perfect is the enemy of the good.

And in all honesty, I believe we are running out of chances to take chances. If something big doesn't change, we will be done.

I am not an economist or a mathematician. And I have never brought a huge company back from the brink of bankruptcy, let alone even run a big company successfully.

I am going to trust this man, who in this area is smarter than I am. That is the leap of faith I am willing to take.

If the rest of you aren't, that's cool too. It's why we each have one vote. :)

150 posted on 10/08/2011 6:48:04 PM PDT by teenyelliott (www.therightscoop.com/herman-cain-brings-the-house-down-at-values-voter-summit/)
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