Posted on 10/12/2011 7:03:13 PM PDT by LonelyCon
"Now," says Norquist, "There are two or three problems with the Fair Tax." (That's the national sales tax, a replacement for all income and FICA taxes, that Cain has long supported -- it's the eventual goal of 9-9-9.) "Because there is a transition period of some length with any tax phase-in, the fear that people have about the sales tax is that, at some point, Democrats win the House or the Presidency, and you get stuck with both the income tax and the new sales tax. Under 9-9-9 they deliberately set up a time period where you have three taxes. They say they are doing what some of us have feared could happen. Even if you say the income tax is going away, there's a chance of getting both."
Second problem: The sales tax has proven to be a "political loser" when torn apart in the heat of a campaign.
Third problem: "Let's say you're 20 years old. You don't care what tax you pay -- you haven't paid any yet. But if I'm 65, I've spent my whole life paying income taxes. I'm about to stop paying them. What's the benefit to me if you bring on a sales tax? Thanks -- you've just made every retired person's pension 33 percent less valuable."
(Excerpt) Read more at slate.com ...
so you like the income tax?
I agree that we should only have one or the other, and if given the choice, I prefer the voluntary sales tax.
Income taxes are servitude.
Article--Section 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless two-thirds of the duly chosen and sworn Members of each House of Congress shall provide by law for a specific excess of outlays over receipts by a roll call vote.
Section 2. Total outlays for any fiscal year shall not exceed 18 percent of the gross domestic product of the United States for the calendar year ending before the beginning of such fiscal year, unless two-thirds of the duly chosen and sworn Members of each House of Congress shall provide by law for a specific amount in excess of such 18 percent by a roll call vote.
Section 3. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government for that fiscal year in which--
(1) total outlays do not exceed total receipts; and
(2) total outlays do not exceed 18 percent of the gross domestic product of the United States for the calendar year ending before the beginning of such fiscal year.Section 4. Any bill that imposes a new tax or increases the statutory rate of any tax or the aggregate amount of revenue may pass only by a two-thirds majority of the duly chosen and sworn Members of each House of Congress by a roll call vote. For the purpose of determining any increase in revenue under this section, there shall be excluded any increase resulting from the lowering of the statutory rate of any tax.
Section 5. The limit on the debt of the United States shall not be increased, unless three-fifths of the duly chosen and sworn Members of each House of Congress shall provide for such an increase by a roll call vote.
Section 6. The Congress may waive the provisions of sections 1, 2, 3, and 5 of this article for any fiscal year in which a declaration of war against a nation-state is in effect and in which a majority of the duly chosen and sworn Members of each House of Congress shall provide for a specific excess by a roll call vote.
Section 7. The Congress may waive the provisions of sections 1, 2, 3, and 5 of this article in any fiscal year in which the United States is engaged in a military conflict that causes an imminent and serious military threat to national security and is so declared by three-fifths of the duly chosen and sworn Members of each House of Congress by a roll call vote. Such suspension must identify and be limited to the specific excess of outlays for that fiscal year made necessary by the identified military conflict.
Section 8. No court of the United States or of any State shall order any increase in revenue to enforce this article.
Section 9. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except those for repayment of debt principal.
Section 10. The Congress shall have power to enforce and implement this article by appropriate legislation, which may rely on estimates of outlays, receipts, and gross domestic product.
Section 11. This article shall take effect beginning with the fifth fiscal year beginning after its ratification.'.
And how far did that proposed amendment get? Dead in committee, that’s where. Not even to the floor, much less out to the states.
Know who the first person to propose a balanced budget amendment was? Thomas Jefferson. I’m not holding my breath for one to pass anytime in the next few centuries.
You have a lot of company! The tax on food is especially onerous. Cain’s recent rise in the polls is the only reason anyone is paying attention.
And the Tea Party is buying it hook, line and sinker.
Go figure. Sigh...
But you would then support a complicated code that lets GE pay NO taxes?
The beauty of a national sales tax is that one can’t “soak the rich”. Everyone pays for the services we all share. It’s Zero’s “fair” on steroids.
Art Laffer just endorsed 9-9-9. Supply side economics work.
Earnings: Under 9-9-9 their income tax will go down to 9%. As it stands now they pay their tax rate as well as payroll taxes, which would be eliminated.
Investments: Capital Gains tax will be zero. Right now they are taxed.
Savings: Not taxed under 9-9-9 or currently.
Yes they will have to pay 9% sales tax. But the savings from the cut in taxes on earnings and investments will more than make up for it for the vast majority of people.
They will also be buying goods on which corporate taxes of only 9% have been applied, as opposed to 35%. Price competition will be much more prevalent.
And, of course, they can always buy used!!
You’re certainly a pessimist, aren’t you? A national emergency is anything that 3/4 of Congress says it is. Temporary could be defined by the amendment - as a first stab at it, I’d say that the increase could not extend beyond six months without re-authorization by 3/4 of Congress. That way, the Congress would be forced to continue to re-visit the rate increase, and go on record in support or opposition. Whatever problems you have with this, it would be far, far better than today’s system where rates can be raised at any time permanently by 50% + 1.
richlowrie Rich Lowrie
Sales tax won’t raise prices! Its a REPLACEMENT tax, not an add on tax. It replaces taxes already embedded in prices. Marginal costs go down
http://twitter.com/#!/richlowrie
I like the photo of Obama.
What people are missing is taking that fly on his face more seriously. It is NO coincidence that FLIES LOVE OBAMA. He atleast admits to growing up in Indonesia and schooled in a MOSLEM school.
Notice I use the word MOSLEM on purpose. When Baby Boomers were children it was Moslem. The American Heritage Dictionary (1992) noted, “Moslem is the form predominantly preferred in journalism and popular usage. Muslim is preferred by scholars and by English-speaking adherents of Islam.” No more. Now, almost everybody uses Muslim.
According to the Center for Nonproliferation Studies, “Moslem and Muslim are basically two different spellings for the same word.” But the seemingly arbitrary choice of spellings is a sensitive subject for many followers of Islam. Whereas for most English speakers, the two words are synonymous in meaning, the Arabic roots of the two words are very different. A Muslim in Arabic means “one who gives himself to God,” and is by definition, someone who adheres to Islam. By contrast, a Moslem in Arabic means “one who is evil and unjust” when the word is pronounced, as it is in English, Mozlem with a z.
...
Journalists switched to Muslim from Moslem in recent years under pressure from Islamic groups. But the use of the word Moslem has not entirely ceased. Established institutions which used the older form of the name have been reluctant to change. The American Moslem Foundation is still the American Moslem Foundation (much as the NAACP is still the NAACP—the National Association for the Advancement of Colored People). The journal The Moslem World—published by the Hartford Seminary in Connecticut—is still The Moslem World.
http://hnn.us/articles/524.html
Call them what they are - MOSLEMS!
“A Muslim in Arabic means “one who gives himself to God,” and is by definition, someone who adheres to Islam. By contrast, a Moslem in Arabic means “one who is evil and unjust” when the word is pronounced, as it is in English, Mozlem with a z. “
Now, back to the fly and Obama. In turd world countries, cleanliness is the exception. Obama has turd world hygiene issues and personal hygiene is also very common with Marxists! Who knew? Allow me tp tell you about Karl Marx. I know you already know about him but this caught my eye.
Socialism’s God—Karl Marx: Was He Stupid, Insane…or Possessed?
- Kelly O’Connell
...
Marx is described as extremely unkempt and unclean, with filthy skin continually suffering boils and carbuncles from its unhygienic state.
According to Johnson, a fellow revolutionary named Karl Heinzen described the perpetually angry Marx’s repulsive appearance:
He found Marx “intolerably dirty,” a “cross between a cat and an ape,” with “disheveled coal-black hair and dirty yellow complexion.” It was said impossible to say whether his clothes were mud-colored or just filthy.
Interestingly, Marx was a hypocrite in several ways. First, he held a family servant as essentially an indentured slave in his home, never paying her. For someone who based his life’s work on liberating the poor and victimized, this is shocking. Second, he had a son with this domestic servant whom he never acknowledged, despite them living in attached quarters. Third, he lived off his friend Engel’s wealth taken from the factories he’d inherited from his father. So he was completely supported by capitalist largess which was said to not exist.
...
A. Marx’s Ungodly Beliefs
Karl Marx could be a devil-follower for these reasons:
He was a virulent atheist and made his system atheistic.
This is almost unprecedented in history.
Marx gave the state unlimited powers over humans, like a god.
People have no human rights in Marxism, so are like beasts.
Marx believed the state had a right to use coercion, including violence up to death, on its subjects.
Marx rejected each of the Ten Commandments.
Marx taught religion was a dangerous delusion.
There is no right or wrong in Marx’s philosophy—only power.
The Poor are not sanctified in Marxism, but just factory workers.
Marx disliked Jews, Yahweh’s chosen people, despite his own Judaic roots.
Marx rejected the topic of morality as a colossal joke, braying like a mule when people raised it to him.
B. Historic Results of Marxism
Marx’s beliefs caused the following results across the world when applied:
Caused over 100 million murders in the 20th century, according to Professor R.J. Rummel.
Doomed the economic system of every country it touched, resulting in mass starvation and radically lowered living standards.
Banned and shuttered all churches in every Marxist country except for official state-mouthpiece pulpits.
Tortured and killed millions simply for believing in God.
Desecrated and destroyed countless church buildings.
Continually used lies and coercion to harness people to communist ways.
Turned failed leaders into deified gods.
Turned the legislative, executive and justice systems into pawns of Marxism.
Stole countless freedoms from all citizens, sending millions into death camps.
Attempted to turn the entire world into a giant slave state by force.
...
http://www.canadafreepress.com/index.php/article/39223
This describes the P.O.S. called Obama that we have running our country into the ground.
May Obama rot in hell when he takes his last breaths.
He's correct, most products everyone buys have taxes paid for by the company then paid for by the consumer.
The price of a car =
cost of product to build car 25%
Cost of labor to build car 25%
cost of properties / shipments / other stuff 10%
cost of Fed Taxes 20%
profit 20%
price = $30,000.00
Cain's plain would lower all those cost, but eliminate the 20% tax hidden in the Fed Tax cost so not the price is
= $24,000.00
Then add back in 9% for new sales tax and you pay
26,160.00 for a car you would have paid $30,000.00 before
Also keep in mind the cost of material to make the car will go down.
Also keep in mind the cost of labor would go down 13% if your one who thinks business will not pass the eliminated Payroll taxes that all employee pay for every employee. If cost of labor does not do down that just means most every employee has received a 13% raise and has more money to spend
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