Cain’s ‘9-9-9’ tax plan hits poor, helps wealthy, experts say

The Bangor Daily News ^ | Oct. 13, 2011 | JODI ANN FERRIS,Michael A. Fletcher,The Washington Post

[editor-surveyor]

>> “A truly equal tax system, where a tax increase affects everyone, will destroy many of the left’s redistributionist dreams.” <<

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That is why Margaret Thatcher favored a head tax on working age people.

[Randy Larsen]

It’s about time that the poor worry more about economics other than where the freebies come from.

If they are going to vote, they need some real skin in the game!

[bigbob]

those “experts” wouldn’t be liberals and democrats, would they?

Hey, I know - let’s have the Congressional Budget Office score it! Yeah, that’ll work...

[kevao]

Where is the savings for the millions of people just like me?

It's in the saving of the Republic. You realize what will soon happen unless the trend of the current tax code is stopped cold?

It used to be just 35% who didn't pay any federal income tax. Then 40%, then 45%. Now it's 49%.

Guess what happens when it becomes 51%? That's right, a tyrannical free-loading majority will start winning every single election, and we taxpaying suckers in the minority won't be able to stem the massive growth in federal spending and taxation demanded by the freeloaders.

Ask the retired fixed-income folks in Greece whether they're looking forward to the $hit storm that's heading their way. That's your future under this currently bankrupt tax code.

Under 999, everyone will have to pay some federal income tax. Everyone will have skin in the game. And everyone will think twice about voting for the pol that promises all these great new federal spending programs.

[mylife]

And what about ROTH IRA’s? in which you have paid the tax on the front end?

Now you get nailed again?

[independent in tx]

With all due respect about the poor:

My sister and I were both pushed to achieve economic success. I made it, she became mentally disabled. It’s not aways their fault.

[Rightwing Conspiratr1]

For starters, about 30 million of the poorest households pay neither income taxes nor Social Security or Medicare levies. “So for them, doing away with the payroll tax doesn’t save anything. And you are adding both a 9 percent sales tax and 9 percent income tax. So we know they will be worse off,” Williams said.

Yes! They might even be forced to look for a job to pay their "fair share".

[LALALAW]

How can anyone be on this forum as a conservative and not understand that a single rule for EVERYBODY is the way to starve the beast, eliminate the power to pick winners and losers and begin to put the Federal Government back in the Constitutional box originally designed for it?

[freeandfreezing]

That makes no flippin' sense.

You are right. Anybody who is working legally is paying Social Security and Medicare taxes, as is their employer. Whoever wrote the article is either clue-free, or is admitting that nobody in the poorest 30 million households works, or rather works legally.

And even the self employed poor should be paying FICA and Medicare at like 15%, although some probably don't.

I think it is wise to have a yearly income limit below which no taxes are due. Otherwise you end up with kids having to file a tax return because they made $200 shoveling snow for the neighbors.

[Responsibility2nd]

Why??

Because you read some liberal clap-trap and believed it?

Or because you like the existing tax code much better?

[Randy Larsen]

That alone would be a hidden benefit for us all.

[ROTB]

“Right now, we have a strongly progressive income tax. High-income people are paying a higher share of income in taxes than lower-income people,”

I thought the rich were getting out of paying taxes. Which is it?

***

I thought the rich didn’t pay their fair share. Now they argue that the rich pay more than the poor. LOL!

***

People like Warren Buffet are investors, and they get their income from dividends, and they are taxed lightly for this at 15%.

People like movie stars, sports stars, and executives are paid salaries, and THEY get slammed by our “progressive” system.

[mylife]

How do you starve the beast by giving it a NEW tax revenue conduit?

[BatGuano]

I like that idea.

[LomanBill]

Fithcal Conthervatism - Herman Cain edition.

 

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TP: Mr. Cain, you recently came under fire for your comments about the kind of people you would appoint to your cabinet. Would you be opposed to appointing an openly gay but qualified person to be in your cabinet?

CAIN: Nope, not at all. I wouldn’t have  a problem with that at all. I just want people who are qualified, I want them to believe in the Constitution of the United States of America. So yep, I don’t have  a problem with appointing an openly gay person. Because they’re not going to try to put sharia law in our laws.

http://www.google.com/#hl=en&sugexp=gsihc&cp=20&gs_id=25&xhr=t&q=Open+homosexual+Cain

=====================

 

HERMAN: What happens now?

Scott Toomey: Well, now, uh, Ken Mehlman, R. Clarke Cooper, Meghan McCain, Mary Cheney and I wait until nightfall, and then leap out of the Fithcally Conthervative log cabin, taking The Party(tm) by surprise -- not only by surprise, but totally unarmed!

HERMAN: Who leaps out?

Scott Toomey: Uh, Ken Mehlman,  R. Clarke Cooper, Meghan McCain, Mary Cheney and I. Uh, leap out of the log cabin, uh and uh....

HERMAN: Oh....

Scott Toomey: Oh.... Um, l-look, if we built this large wooden Rhinocerous -- [twong]

ALL:  Run away!  Run away!  Run away!  Run away!
      [splat]

Cain is a salesman, not a conservative.

[kevao]

Exactly.

Does anyone believe that ObamaCare would have passed had 9-9-9 been the law of the land? There ain’t no “free healthcare” when you have to chip in to the federal coffers just like everyone else.

[mo]

“Right now, we have a strongly progressive income tax. High-income people are paying a higher share of income in taxes...”

This is why we have an oligarchy...

[JLS]

I do not favor his plan without a constitutional amendment, but you have it right. One of the pluses is that so called poor would have “skin in the game.” Many of them do not now.

Of course the Dims will not easily give up a constituency for more government.

[GeronL]

Over the Target

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getting flack

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even though I am not convinced about the 9-9-9 plan, although the 9-9-9 Pizza deal was fabulous (heh) I am backing Herman Cain at this time.

As long as he doesn’t call me “heartless” for disagreeing with him on something.

[Mike Darancette]

tax experts say would mean that low- and middle-income Americans would pay more.

Good, having 47% pay nothing is bad. For the 47% to pay 9% for income and not having any payroll tax is not such a bad trade off.