I fear that a 9% Federal sales tax might sound good if income tax and corporate tax is also reduced to 9% like in Cain’s plan. But what happens the first time a democrat gets back in office and puts the income and corporate tax back up to 30%, and then says, “Oh by the way, let’s keep that 9% sales tax as well.”?
“But what happens the first time a democrat gets back in office and puts the income and corporate tax back up to 30%, and then says, Oh by the way, lets keep that 9% sales tax as well.?”
NOT just a Democrat.....ALL of Washington will be slathering at that within 3 months of passage...
What would stop a Democrat from raising the current tax rates under the current structure?
At least with Cain’s plan, it reduces the need for tax lawyers, and anything that reduces the number of lawyers is a good thing.
Well, then we NEED to MAKE DAMN SURE that Dems and RINOS NEVER get back into ANY office.
Cnngress or senate would have to have a democrat majority and if Cain gets elected I don’t see either thing happening soon.
What happens now when someone proposes to raise taxes?
Agree,
I think Cains new Tax plan would help prevent taxes from going up all the time.
Under the current tax code we just have an income tax, one reason it is this way is because the Govt can get there money and people feel the impact of it less. If they never have the money in their hands they dont miss it as much. They dont feel the impact of the tax rate as much.
With Cains new Tax revenue stream of a sales tax people will feel more of the impact of a tax rate hike. More people would then be against higher taxes.
It would be just like this threads question, people are going to have to pay more for food every time the Dems want to raise taxes.
The bigger issue is preventing the plan from going to a rate of 15-15-8, of 25-25-9. My bet would be you would always see the sales tax the lowest because people have the money in their hand and they will fight against that tax rate increasing.
Like Michelle a bunch, but her claiming Cain opening up new revenue stream for the Govt to take money was off. The problem is the existing revenue streams, not the one Cain is adding.
There is that danger under any tax system — I’m old enough to remember top marginal income tax rates of 90% under the current system. So clinging to this current corrupt tax code isn’t going to protect you from greedy politicians increasing rates.
The beauty of 9-9-9 is that it is *flat*. Everyone pays the same, no loopholes, no deductions, no giveways. That means the rich and powerful will no longer be able to buy off politicians and get special deals written for them into the tax code.
True, 9-9-9 is flat only initially; it could easily bloat back into another corrupt code of loopholes and giveaways like we have now. If we let it. And if we do, then we deserve what we get.
What happens if some democrat raises all taxes to 99%?
Or what happens if people become invisible?
Or what happens if all democrats commit suicide?
I could go on literally for days, bringing up highly improbable events, or
I could get a life!
Hows about you?