Posted on 10/26/2011 5:05:45 AM PDT by bray
He can’t win. /s
Is that you Kraut????
Pray for America
enough braying
The bear through the barleycorn.
Problem is, do Americans still wish to be free?
I believe they do but it’s been decades since they tasted true freedom. It frightens liberals.
Pray for America
Will a federal/national sales tax require a Constitutional Amendment since the Fed gubmint can’t tax in this manner? I like Herman on many levels, but the 9-9-9 plan needs further exploration and explanation. It sounds simple, but it also unwinds many complex taxes which often get lost in the sound bites.
Only if that machinery and those automobiles were built in America. And one of the things Cain's plan takes away from corporations is the ability to treat labor costs as an expense, except for labor in 'Opportunity Zones'. That will increase the taxable income for virtually all companies and cause their income taxes to go up. Way up.
The 9-9-9 plan is a poorly thought out, unworkable mess.
Freedom=personal responsibility+work... hmmmm, don’t like how that adds up... don’t want to have to work too hard and hey, “did I do thaat?”
“Herman Cain and now Rick Perry have made bold steps towards the reformation or removal of the IRS.”
Rick Perry’s plan keeps the IRS and creates a new, optional, flat tax. Call it it the Buffet tax, designed specifically for those who think they are not paying enough.
...I don't think many Americans know what freedom is. They think freedom is the ability to move around relatively freely...period....but even this "freedom is coming under attack since the TSA has started stopping traffic in Tennessee just to be sure that there are not terrorists moving around.
Most people never realize that they do not "own" their property, they merely lease it for a while from some taxing agency. They never realize that their business are controlled by some "regulatory agency" and if they don't "volunteer" to be taxed, a man with a gun will come to their house and make you volunteer. A lot of people get uptight when it is proposed that the "mortgage deduction" be eliminated.
I could go on and on about lost freedom here...right down to the fact that our children who are attending public schools in NYC are now to be "instructed" in all forms of sexual activity, and the parents apparently cannot do anything about it.....
True freedom is a lost concept on most Americans these days....any tax system other than an income based tax, "progressive" or "flat" which would eliminate the IRS would be a step toward real freedom. The next step would be replacing property taxes with something else so that people's right to own property would be safe.
999-333=666
The devil is always in the details.
Federal tax: 9+9+9 = Freedom?
Plus another
State tax: 9+9+9 = confiscation
In addition to hidden taxes levied against everything you purchase.
Their income taxes may go up but their corporate rate goes from 35% to 9% and can expense investments immediately. Overall their taxes go down and their tax preparation becomes non existent.
Pray for America
I prefer, #1 Boortz’s Fair Tax, #2 Perry’s Flat Tax and then maybe Cain’s 9-9-9
I prefer, #1 Boortz’s Fair Tax, #2 Perry’s Flat Tax and then maybe Cain’s 9-9-9
I did not like that part of the plan when I first heard about it, but the more I think about it - I think it is a good idea. It's going to take some time to get Congress on board with completely abolishing the IRS - people too. People are generally scared of change - business has vividly shown that with the uncertainty of Obama's policies. They will hold back on new expansion and investments, until they see how things are going to be.
I think the optional part of Perry's plan helps the new plan to ease into operation much easier and quicker than just saying "we're tearing everything down and rebuilding it completely new". It DOES give people a chance to compare what their taxes will be both ways. It also gives people that have made life plans regarding their investing, saving and retiring - a chance to see how the new plan works & modify their old plans to fit the new way.
It is also a great way to quickly show us that - hey - that new way seems to be working better. Also, accountants and other people that make their living by the old plan will have time to adapt.
I think the optional aspect is actually necessary to get people on board with drastic change much easier and quicker. It's pretty smart if you think it through - and shows that quite a bit of thought was put into it.
But the amount they get taxed on goes up far more. Say I'm a company with a profit margin of 10% that doesn't operate in an 'Opportunity Zone' and half my costs are labor expenses. Where before I may have paid taxes on 10% of my total income, now I'll pay taxes on 60% or more of my total income. If my revenue was a billion dollars before then at worst I would pay $35 million in taxes on my $100 million on profits. Under 9-9-9 I could be paying 9% in taxes on $600 million or more in revenue. That's $54 million in taxes or more. Where is that good for business?
You do realize the 999 plan is a transitional plan to go to the fair tax.
Thanks
Gary
The Plan was meant to be a starting point—it did not have to be carved in stone as it was..and when Bachman made a joke with the 6-6-6 comment, I lost respect for her at that very moment; and Bachman was as capable in being president as anyone in the line up...Until we start fighting Obama and not each other [as we have enough reported corruption to draw from], President Hope will get away with all the deceptive tricks he continues to pull out of Biden’s plugs.
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