Posted on 10/16/2011 6:21:56 PM PDT by Hojczyk
Dead wrong. Please repeat after me:
It's a sales tax, not a value added tax.
It's a sales tax, not a VAT.
It...is...a...sales...tax...on...retail...sales.
Please, let's not confuse it with something it's not.
I’m not sure that Gregory’s performance matters.
What mattered was that Cainn had a chance to answer the questions fully.
Yes, indeedy, that is true. It would appear that Cain is getting his message across as more and more people seem to be familiar with the details of his tax plan.
I totally loved the way that the Hermanator met each of Gregory’s objections with his own truth. Issue for issue, point for point. Finally Gregory had to listen to the man because he knew that whatever he said, Cain had a stronger rebuttal.
Gregory had to put his gun back in his holster, as he knew he was being beaten by a no nonsense black man at the top of his form.
RIP David Gregory - you never even half filled Russert’s jockstrap!
LOL I can’t stand Gregory. (punk) I don’t like libs in general but very few of them provoke a visceral reaction in me like he does and that began when I first saw and heard him in the Clinton years. What a punk!
actually click the link and read what’s not posted here- the immediate transcript after the few lines in this thread make gregory look like an even bigger horses a$$....
Cain never explained that with Gregory, and I don't recall seeing that on his site. Could you point me please to this clarification?
But say a farmer needs an expensive new backhoe. Currently, he buys the backhoe, and gets to write off the bulk of it's cost against profits, as a "cost of doing business deduction". Under 9-9-9 he would get no tax relief for purchasing the backhoe.
All those expenses would still have to be tacked on to the price of goods, and would cause SOME businesses to fail that wouldn't in the current Tax model.
J-School graduates are not known for IQ. The Radio/TV Department, even less so.
In all liklihood, Gregory couldn't pour piss out of a boot with the instructions on the heel.
And you don’t think there are embedded taxes in there already?
>>> J-School graduates are not known for IQ. The Radio/TV Department, even less so.>>>
Hah, you may be right. Of course, that was my specific major in fact - but then again, my economic education is based on the 30 some entrepreneurial exploits I’ve had post college - not to mention studying the economy and writing on it for a decade.
I guess David Gregory has just been having make up applied since he graduated....
I have run the numbers based on my particular situation, and my taxes would basically double under Cain’s 999 plan.
Now my situation is very unique because I get 2/3’s of my income from rent, but I still support Cain, because I know that 999 will never be passed anyway, which makes all this discussion about it irrelavant anyway.
Cain is a good conservative, and frankly, I just like him. He has my vote as long as his poll numbers stay ahead of Romney in the states that matter: Iowa, South Carolina, Florida.
If Cain wins those 3, he will be rolling in money, and will sweep the rest easy.
Romney is going to win New Hampshire no matter what, but it doesn’t matter.
Even better — simpler, and all taxes are ultimately paid by the consumer. Still, if it were modeled on a VAT (as Canada’s GST is), it would work as I described. There would be no taxing of taxes.
It's amazing what having great hair will get you.
You’ll have to forgive sklar - there are some economic synapses that simply don’t fire for him (or her). I mean, they just don’t connect regardless of how slowly you write a post.
I watched the whole thing. Cain did great. Gregory had the answer he wanted in mind before he asked the question. Cain rightly disputed the premiss of the question.
Look folks, if our candidates let the press decide the premiss of the debate, we lose. Only two candidates have repeatedly and correctly stood up to the press, Cain and Newt.
That is where Pawlenty fell flat on his face.
Their Pension money is treated the same as wages. They have withholding. Their tax rate is about 10%. Under 9-9-9, their Personal Tax would therefor fall from 10% to 9%. HOWEVER...
they would now have to pay a BRAND NEW 9% Fed Sales Tax on food, soap, shampoo, etc etc etc.
There is NO WAY they won't be paying more, and they are of limited means.
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