Posted on 09/29/2011 3:59:45 AM PDT by Cincinatus' Wife
The "ease" of "9-9-9" disappears upon first glance and upon closer scrutiny, the idea that this can survive all process levels, seems shaky indeed.
Hopefully, this article will initiate discussion, and this thread will provide a polite forum for rebuttal, so in the end we all will have increased understanding.
Any opening to a VAT is the complete end to our way of life. The VATs in Europe range from 17% to a mindblowing 25%. Hence, everything is a major purchase. McDonalds value meals can be as much as $15 and a pair of Levis, $125. Apply those types of prices to near everything.
I love the idea of the 51% who currenly pay nothing paying something too but i know where 999 will lead. Theyll get credits (checks back from the taxpayer) and we will get ever rising consumer prices.
Adding a sales tax without repealing the income tax at the same time means you will never get rid of either one.
No new taxes, Herman.
Bump for later.
I like Cain a lot.
But enabling a federal income tax and a federal sales tax at the same time is very, very bad.
To implement a federal sales tax, first an amendment to the USC must be passed stating that the federal government can never have both taxes at the same time.
Otherwise, they will just continue to jack up both rates until we’re paying 25% on both, or 50% total.
Cain should know better.
I’ll take Herman Cain’s 9-9-9 plan more seriously as soon as he explains what he will cut to eliminate the $1.7 trillion to $2.2 trillion deficit that it will generate.
Perry’s not my solution at all and I’d vote for Cain ahead of him, but you’re right, Cain’s 999 plan is a bad fantasy.
The 51% don’t pay nothing. They pay no income tax (because they have kids and get the Earned Income Tax Credit). But they pay lots of other taxes, payroll, sales, property, and hidden taxes, like the cost of corporate income tax in everything they buy. But they don’t have any reason to care if income tax is raised. One reason I like the fair tax is that everyone would feel any tax increase.
There is a huge underground economy in this country that completely goes untaxed, so we really can’t use IRS figures.
This proposal starts a discussion.
The final legislation is not determined by the POTUS.
I don't think you need an amendment. If you repeal income tax in the same statute you pass a sales tax in, then you would need a whole new bill to start up the income tax again. That would mean it would need to pass the house, and have a filibuster proof majority in the Senate, and have the President sign it. That's different than just changing rates that they can do in budget reconcillation to avoid a filibuster.
If we had a Constitutional amendment to keep these taxes at a level for so many years, and then to be voted on by the people to see if they need to be raised or lowered.
I spend so much money now to comply with the tax codes.
Any thing is better than what we have.
I don't mind paying “my fair share” I mind having that money go to welfare, Charlie Rangel Libraries and bridges to no where.
Cain understands this requires a repeal. He said that in MSM MSNBC. The amount of $$$$that will come in from those that work under the table and those that use every tax loophole will infuse a brand new sect if TAXPAYERS.
His plan is only on NEW products. New car equals tax. Used car equals no tax.
Cain understands this requires a repeal. He said that in MSM MSNBC. The amount of $$$$that will come in from those that work under the table and those that use every tax loophole will infuse a brand new sect if TAXPAYERS.
His plan is only on NEW products. New car equals tax. Used car equals no tax.
Another thing. Cain’s for favored tax treatments in empowerment zones, which is just another form of affirmative action.
Yes, Jack Kemp was for them and they are supposed to be a hallowed GOP idea because they favor blacks on a supposedly quasi-free market basis. But they are just another form of well-intended, unfair social engineering.
I am just way too untrusful of any of these politicians or my idiot neighbors wh never miss a chance to keep raising taxes 1% at a time.
Indeed. Any new Federal tax must be tied to RATIFICATION of the repeal of the 16th amendment. Not "later", or "we'll try", but the new tax does not go into effect until AFTER the old one dies.
It’s just a flat-out bad idea to set up new mechanisms for Congress to tax people in more ways. In some sort of utopian scheme one could at least make an argument for it, but in the real world of how Congress works, it is providing one more workshop for the government devil.
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