Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: bray
The expensing of investments would allow companies to buy new machinery and automobiles that would be taken off their profits and lowering their taxes.

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.

8 posted on 10/26/2011 5:35:07 AM PDT by SoJoCo
[ Post Reply | Private Reply | To 1 | View Replies ]


To: SoJoCo

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


14 posted on 10/26/2011 7:06:05 AM PDT by bray (Join the Cain Mutiny, tell the IRS 9-9-9!)
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson