Herman Cains Phase one "enhanced plan" relies entirely on the "Super committee" And airy group of six that I defy anyone here to name, and a group that will no longer exist by the time of the election.
Posted on 10/01/2011 3:37:24 PM PDT by JOHN W K
Actually, it depends if you established a retirement income source outside of SSI. From the IRS:
You can do the following quick computation to determine whether some of your benefits may be taxable:
• First, add one-half of the total Social Security benefits you received to all your other income, including any tax exempt interest and other exclusions from income.
• Then, compare this total to the base amount for your filing status. If the total is more than your base amount, some of your benefits may be taxable.
The 2010 base amounts are:
• $32,000 for married couples filing jointly.
• $25,000 for single, head of household, qualifying widow/widower with a dependent child, or married individuals filing separately who did not live with their spouses at any time during the year.
• $0 for married persons filing separately who lived together during the year.
I agree. I don’t want a national sales tax that will be piggy-backing state sales tax. (I don’t think the states are going to be too fond of this, either)
It will hurt people. If we give out some type of tax exemption cards for those people...well, same as now just different. (what about those “empowerment” zones..puhleeese!)
I also don’t believe corporations will discount prices because they start paying lower taxes, so “that dog don’t hunt” with me.
Congress would never give up that national sales tax, those greedy SOB’s can’t help themselves and that 9.99 special—it is a *limited time offer*. We could never shake it off once it is levied on us!
Lower corporate taxes, go with a flat tax—drop the gimmicks. I hate the idea of a national sales tax—hate it!
...and while we are playing circular firing squad, Romney is walking away with the nomination.
One year from now, we will be sitting here asking ourselves how did this happen?
Yes.
My main contention that the flat tax cant be done because government is to convoluted and in trenched already and will fight him tooth and nail to maintain their empire of taxation.
My concern with Mr Cains Plan is that it.
A. Cant dislodge the cretins that run the convoluted system as it stands.
And
B. his simple straight forward plan isn’t really that simple or straight forward.
Its lovely to think that the mathematician Federal Reserve fellow really just wants to make life simple for us all.
But I have some reservations
True enough
Thank you again.
I tell ya what.
Before we even think of altering the tax code, I think we should look at reducing deficits.
I don’t understand how you can base your evaluation of a tax proposal on the basis of what’s “fair” to someone such as your mother.
Do you really think that a state, for example, will never raise its sale tax while she is living there on her fixed income?
Or that the FedGov might not impose new federal taxes on everything from OTC medicines to gasoline surcharges while she is living on her fixed income?
I don’t understand the point that you are trying to convey here. Yes, it can be difficult and may even seem unfair when the cost of necessities goes up for ANY reason, but how is it conservative to argue policy based on an individual’s circumstances?
I heard Herman last night on Jay Leno and he said there is no sales tax on used cars or used homes. There will only be sales tax on new homes and cars.
I heard Herman last night on Jay Leno and he said there is no sales tax on used cars or used homes. There will only be sales tax on new homes and cars.
Oh Ok. That should spur the economy along
At the time of the American Revolution the problem for the country was taxation without representation.
Today the problem for the country is representation without taxation.
Huh?
You seem to be assuming that the price of everything will stay the same and then a 9% surcharge will be added?
That is not the case. The costs of goods and services will change because the corporate tax rate will change and so will consumer demand.
If you paid a 4% sales tax on a doughnut that you were charged a dollar for, but a 9% sales tax on a doughnut that you were charged 50 cents for, you'll end up paying less.
Could I see a 9% FedZilla sales tax? Maybe. If they also shutdown the IRS, OSHA, EPA, NEA, repeal Obamacare, and pretty much permanently destroy the rest of the alphabet soup money wasters at the same time.
Give it a trial period. A couple years of no holds barred, rampant laissez fair capitalism, just to grease the machine. Find out if it can it be revived?
I'm enjoying an IRS audit regarding forms filed years ago. The glaring error is a form they lost somehow. I can't afford an accountant.
I'm giving an ear to anyone who wants to talk about fedzilla and it's wasted time and money for all involved.
I'm particularly impressed with these comments;
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
Our federal government personifies a living creature, a predator: it grows, it multiplies, it protects itself, it feeds on those it can defeat, and does everything to expand its powers and flourish, even at the expense of enslaving a nation’s entire population.
Herman Cains Phase one "enhanced plan" relies entirely on the "Super committee" And airy group of six that I defy anyone here to name, and a group that will no longer exist by the time of the election.
"Romney will be our nominee"
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