Posted on 10/23/2011 4:57:25 PM PDT by JOHN W K
Of course it is. That's why Cain is proposing not to put a National Sales Tax on top of all the confusing and unfair taxes we have today but to eliminate all of the confusing and unfair taxes we have today and replace all of them with a simple 999 tax.
Is that so hard to understand?
One of the things I have not yet heard asked or explained about the national sales tax leg of 999 is this...
WHO Will be collecting the tax???
If retailers will be expected to figure, collect, and pay the 9% sales tax, then a lot (not all) of the concerns about the new system are valid.
BUT... If manufacturers will be paying the tax, based upon reported sales, then what we have is more like a 18 - 9 - 0 plan. Much of the concern over taxes being increased goes away, because manufacturers already pay far more than 18% tax on income and the cost of goods sold.
What people would see is the overall price of goods drop (because the existing tax code is gone), and a little notice on their price tag saying that the cost of their item includes a 9% NST. The retailer adds to that the local/state sales tax as usual, and the end cost to consumers is LESS THAN WHAT THEY PAY NOW!.
Cain’s plan takes the invisible “Sneak-Attaxes” at all levels of production, and consolidates and shrinks them to a single visible tax at the point of sale.
THERE IS NO SUCH THING AS A BUSINESS TAX!....
It ALL ends up being passed on to the consumer.
We would be outraged if we knew how much tax we are actually paying to the federal government... especially those who think they are paying no tax at all.
I understand what you’re saying but the existing tax code is an income tax. It is much higher than what Herman is now suggesting though. In his article Herman did not say an income tax in a smaller form was okay. He only said abolishing the income tax, which is what the fair tax does, was appropriate.
Understand that I am not disrespecting Herman on this; it’s just that it’s not clear. It is obvious that the idea of keeping the income tax is something new to Herman for him to offer at this time.
Try actually READING what Cain said, not just put your own emotion based spin on it. 9-9-9 replaces, it does not add to, the existing tax code.
It was a violation of our Constitution then, and it is a violation of our Constitution now!
JWK
Somebody agues like a liberal, and that’s sad :(
What part of “on top of” do you not understand? Got to laugh at your post right out of the gate.
Somebody agues like a liberal, and that’s sad :(
John - get out read more.
You assign “establishment” connections for Mr Cain due to what was his one time in the gulag of government policy - the Federal Reserve, at a location - the regional Federal Reserve Bank in Kansas City, far removed from the power center in Washington, and the controlling Federal Reserve Bank in New York, and a position for which he was selected because of his knowledge and successful experience in business and industry in the Midwest - he understood the banking needs and issues in the region. Actually, Mr Cain’s lifetime experience places him farther removed from the Washington establishment than just about all the GOP candidates, with the possible exception of Ms Bachman. Is she who you are shilling for?
That’s as much time as I can give to responding to your rant; not that a whole lot more couldn’t be said - it could.
John - get out read more.
You assign “establishment” connections for Mr Cain due to what was his one time in the gulag of government policy - the Federal Reserve, at a location - the regional Federal Reserve Bank in Kansas City, far removed from the power center in Washington, and the controlling Federal Reserve Bank in New York, and a position for which he was selected because of his knowledge and successful experience in business and industry in the Midwest - he understood the banking needs and issues in the region. Actually, Mr Cain’s lifetime experience places him farther removed from the Washington establishment than just about all the GOP candidates, with the possible exception of Ms Bachman. Is she who you are shilling for?
That’s as much time as I can give to responding to your rant; not that a whole lot more couldn’t be said - it could.
What a steaming load of ::censored::
I’m sorry but your claim to know what the Founder intended based on nothing but your own opinions is absurd.
Did you read the various quotes I provided?
JWK
In your very 1st line, you demonstrate you have NO idea what is in 9-9-9.
Your level of arrogant ignorance is simply inexcusable in a supposed adult mind. The very 1st line of the article you wrote proves the rest of what you wrote pure idiocy.
Rather then try to defend the indefensible, try actually learning about 9-9-9 rather then write such ignorant drivel as this.
What so many detractors of Cain's plan fail to realize, is that it's politically impossible for Congress to raise a tax rate that affects EVERYONE.
That is one of the beauties of the 9% flat income tax portion. It's virtually untouchable by Congress. Same with the 9% sales tax. You can't raise it for just some of the people, while leaving your friends unaffected.
Those two pillars of Cain's tax plan strip the power to punish or reward certain constituencies from Congress forever. It completely tilts the balance of power back toward The People, which cannot be seen as anything but a vast improvement in the way our system of government operates.
I am not being emotional and my words stand by themselves. I have given just shy of $100 to Herman. You appear to be the emotional one here.
That's ok, just scrape it off your shoe.
The Constitution was amended as it was designed to be to allow for an income tax. I can see an argument for the same to happen for a national sales tax, but if you’re suggesting that we go back to a pre-1913 tax system, you’re dreaming.
It will NEVER happen.
Are you saying you are content to accept and live under what "progressives" imposed upon us in 1913?
Join the fight and start promoting the 32 word plan:
The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money
JWK
We are here today and gone tomorrow, but what is most important is what we do in between, and is what our children will inherit and remember us by.
“Which candidate are you trolling for here?”
I’m guessing Obama.
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