Posted on 10/13/2011 3:53:13 PM PDT by TLittlefella
I am excited about it because FINALLY a wanna-be elected official is talking about serious tax reform again.
Cain's plan may not be perfect--or even doable--but it is certainly the conversation that needs to happen.
You didn’t dream it. If you don’t want to pay the tax for a new car then buy a used one.
“I just had a yard sale and sold my lawn mower for $100. Who is responsible to collect the $9 sales tax from the buyer? “
Nobody because there would be no tax on used items. Only on new, retail items.
As it says on Cain’s page.
Pretty obvious.
“I like Cain. But is his 9% sales tax on top of my 7% local sales tax? That’s 17% on everything I purchase...”
So you’re alright with paying massive taxes as long as they’re hidden and buried in the retail price?
OBVIOUS taxes are the problem?
Because I promise you, you’re paying more then 9% in hidden taxes with every item that you buy.
9% will be less.
9-9-9 will “force Congress to take a serious look at reforming the tax code.” Says who?
I doubt this thing would ever be presented to Congress. It’s a publicity gimmick.
After Congress and Senate get done with it, can you guarantee that this new tax plan won’t include used items?
When the drawing board is blank with details, as is the 999 plan - it is terrible. As Bachmann said "the devil is in the details" and there are no details of the 999 plan.
What about the 34% corporations pay to make products you buy, you don’t think that increases your outgoing expenditures?
Ronald Regan would tell Art Laffer to run around to the other end of the curve and get his ass VERIFYING the 999 PLAN now that Art has TRUSTED it.
Hang on, let me get this straight. You are dissing the plan based on the fact that the Congress and the Senate might add things you don't like. On that basis, how can you approve of any idea from any presidential contender?
There wouldn’t be tax on used items. The tax was collected when it was new.
Nice try.
What don’t you understand about the fact 40% of the cost of everything you buy is tax upon tax. The 9/9/9 plan would reduce the total tax you pay. As an example, 40% of the cost of a new car represents costs of taxes passed on at every stage of building the car, from digging the ore out to putting the windshield on. Cain’s proposal is to reduce that 40% to at most 27% of the cost. When the GDP is 10 trillion and the government collects 4 trillion, where do you think that 4 trillion is hiding in the economy? It is right there in front of your nose - 40% of the cost of everything you buy.
The itialized part of my post, the part that says - I just had a yard sale and sold my lawn mower for $100. Who is responsible to collect the $9 sales tax from the buyer? was from TLittlefella's vanity article. I was quoting his material.
Either you intended your comment for TLittlefella or you are posting while on a crack binge. You should really go back to rehab.
I hope this helps.
Didn’t you post this same stuff a few days ago?
Im not a moron. I just wanted clarification.
Do you pay any federal income tax? What percentage of your income do you turn over to the feds without ever getting a chance to make a decision on how to spend it?
Here’s one for ya. I also went to the site and saw little of nothing for such a grand plan.
Good post. You may get some heat. But perhaps some will settle down and put on their thinking caps.
Yes, I posted something similar - today I'm looking for the facts - facts that I thought the last debate would bring forward - but the other candidates did not go there, they let Cain escape with general non specific answers.
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