I make a lot less than $100K and I live in CA. From what I read Cain’s 999 plan will raise my taxes. Why would I vote for someone who would raise my taxes?
Because if his plan is enacted maybe you will get to keep your job. The current system is bankrupting us all.
RE: Why would I vote for someone who would raise my taxes?
How sure are you about that? Did you do any detailed calculations taking into account ZERO payroll taxes paid for instance?
Why would I vote for someone who would raise my taxes?
Since you have already made up your mind, why are you asking? Would you vote for him if he lowered your taxes?
None of us know how much we really pay in taxes. The products and services we buy are already layered with taxes that are passed to us.
If the dem libtards have the guts to completely overhaul our medical care system, we need to have as much spunk to revamp out tax code, God willing we get the chance.
Umm, so let me ask you, what $$$ do you pay in taxes?
You state with confidence 9-9-9 would raise your taxes.
Did you know that the plan does away with the payroll tax?
For example, if you make 50k, ( an example given by Cain), you are taxed at 9% or 4500$. Now assume, AFTER that, you spend 100% of your income, or 45,500$. 9 % of that is 4005$. (slightly less than 18%).
The bottom tax rate is > 18%.
So I guess the only complainers are the people who are killing this country (in other words they get back MORE in refunds than they pay in taxes).
Time for you to grow up and pay your taxes. I pay the top rate. Right now 51% are net “suckers” and 49% are contributors.
Why should you vote to raise your taxes? Because if we took 100% of the net worth of EVERY millionare int the US, it would raise < 300 Billion. And Kill our economy. We would be a third world country.
IF you live in the US, you OUGHT to pay taxes, not be a ward of the state, unless you have a REASON you cannot contribute to the system.
Quite being a sucker.
I wonder whether you are miscalculating the effect of his plan on you. If you work for wages you already pay 15.3% payroll tax on every penny you earn plus income taxes on top of that. The 999 plan would have you paying 9% on what you earn plus 9% on some purchases. For me I think I'll end up paying less.
You think your taxes aren’t going to go up under the present tax code?
I can't see where you would assume any such thing. For one thing, in the U.S. the corporate tax rate is a whopping 35%, the 2nd highest in the industrialized world, and one of the reasons the economy isn't booming enough to afford you constant pay raises. Cut that to 9% (a 72% reduction!) and THAT ENORMOUS TAX BURDEN IS TAKEN OUT OF THE RETAIL PRICES YOU PAY FOR STUFF (you know those business taxes are always passed along to the consumer, don't you?). If that meant that things you buy now have a base price 13% to 18% less than before, are you going to bitch about paying an extra 9% sales tax after that price reduction?
Maybe there is more to life than your short term gain.
I didnt get a tax credit from the Bush-Pelosi stimulus that mostly went to the 47% that pay NO federal income taxes. I also was punished with the Obama/Pelosi ‘Making Work Pay’ tax credit for working full time which mainly went to that 47% , I am one of the 53% that has to pay those taxes. There is a target on my head,
It's called a flat tax.
Why should I (or anyone) vote for La Raza Rick?
I think in the end your actually paying less if your paying a federal tax on wages.
Not to mention all the other taxes that would be gone if this was implemented.
Face it, something has to be done. One way or another, the current system is broken beyond repair. At least Cain has run a business knows what it is to work and what it is to shell out taxes.
Not to mention that this is not the only thing the guy has going for him.
At this point, though I do like others as well. I think Cain is the only viable candidate. We aren’t going to get someone that we agree with 100%, but he is darn close IMO.
Mine would see a little increase as well which would not stop me from voting for him. My biggest concern is that the removal of interest deductions will collapse the real estate market even further than it has been collapsed. This, in turn, means construction remains dead and thereby the economy as a whole (because construction is such a large component) remains dead. The other positive portions of his plan will not be able to overcome this killer.