Posted on 10/19/2011 10:09:47 AM PDT by SeekAndFind
I don’t like any plan which extends federal tentacles into every purchase at every cash register. Far too enabling of bureaucratic expansion, far too nosy, far too capable of per-product & per-customer manipulation.
Better to have the feds just send each state a bill once a year; let the states figure out how they’ll come up with that money. Reduce the IRS to a couple guys writing 50 bills and cashing 50 checks for a few days a year.
Let us hope that Mr. Cain’s staff of advisers has not been penetrated by a saboteur. But Mr. Cain’s main driver does not have two legs because He doesn’t need them. And He is never wrong.
12-12 is too much. 10 Sales Tax on final sales only, and 10 corporate & personal income only.
That 9-9-9 plan is pure horse manure!
We need a national sales tax like we need oh, I dunno, a Kenyan president!
And I ran the numbers a few days ago: without any unusual deductions, except putting the maximum allowable in my 401k, my wife and I paid income tax amounting to 8.7% of my UNadjusted gross income of just over $135,000 last year.
So Herman Cain’s “9-9-9” plan would be a massive increase in taxes to me!
What would that do to pre-tax benefit contributions? They’d be taxed?
What about the contractual agreement between me and my employer that the contributions are pre-tax?
Cain’s Stimulating 9-9-9- Plan (Laffer)
http://online.wsj.com/article/SB10001424052970204346104576637310315367804.html?mod=WSJ_Opinion_LEADTop
Why I Support Herman Cain For President (Charles Kadlec joins Cain’s economic team)
http://www.freerepublic.com/focus/f-news/2795074/posts
Reagan Economist Breaks Down 999 Plan
http://video.foxnews.com/v/1217420754001/reagan-economist-breaks-down-999-planReagan
Backing for Cain’s plan also came from Kevin Hassett, senior fellow at the American Enterprise Institute also praised the Cain’s proposal for moving towards a flat tax. “If someone’s going to attack the 9-9-9 plan, I would say they should be careful because you are talking about the Republican holy grail,” he told the Associated Press.
http://www.newsmax.com/InsideCover/Cain-999-tax-plan/2011/10/14/id/414487
Rich Lowrie Discusses Herman Cain’s 9-9-9 Plan
http://www.youtube.com/watch?v=9iKkDcDmf7I
Paul Ryan Likes Cain’s Plan
http://www.humanevents.com/article.php?id=46850
Dick Morris Defends 999
http://www.youtube.com/watch?v=RuikrVmN6Yo&feature=feedu
How is Herman Cain’s 9-9-9 Plan Good for America
https://sites.google.com/site/giveemcain/home
Club for Growth defends Herman Cain, 9-9-9 plan
Club for Growth President Chris Chocola called the 9-9-9 “an outline for a more prosperous and globally competitive America,” saying it is “both pro-growth and a good starting point on the way to a flat or fair tax.
http://www.politico.com/news/stories/1011/65967.html#ixzz1alhFr6NM
Can Herman Cain’s Plan work?
http://axdwhiteman.info/index.php?option=com_content&view=article&id=102%3Acan-herman-cains-999-plan-work
Why We Need Herman Cain’s plan:
http://www.nerds4cain.com/Blog/archives/759
Office of Tax Analysis for the U.S. Treasury Gary Robbins analyzed and scored his plan. Cain said the analysis shows that his plan will “initially create 6 million jobs and that it will bring the unemployment rate down initially to about half of what it is today.”
http://politics.blogs.foxnews.com/2011/09/22/fox-first-cain-reveals-his-economic-secret-kitchen-cabinet#ixzz1aaTbfWLN
What do these numbers mean for me?
http://www.nerds4cain.com/Blog/archives/723
53% of People Favor Tax Code that Treats Taxpayers Equally
http://www.rasmussenreports.com/public_content/business/taxes/october_2011/53_favor_tax_code_that_treats_all_taxpayers_equally
Embedded taxes
http://www.ipi.org/ipi%5CIPIPublications.nsf/0/3F31DF6F0D040EE986256AB700630B84/$File/PR160-HiddenTax-FINAL.pdf?OpenElement
___________
Calculators:
Income: http://raisingcain2012.wordpress.com/about/
Sales Tax: http://www.999calculator.net
Truth is Government employees don’t pay tax in the first place, it is an illusion, because the money all comes out of the same taxpayer pot in the first place, it works sort of like Union Dues. Corporations likewise pay no tax, they collect tax for the government.
Someone should make a definitive study of the imbedded tax in every product. Cain made a half hearted attempt to illustrate that in the cost of a loaf of bread.
If he had used actual figures that showed the cost before and after the current imbedded tax and the 9% sales tax. Should be easy to illustrate, if what he claims is true, and I believe it is.
Nice work
The NRST, with a repeal of the power to tax income,
should be THE end game,
with 999 just being the intermediate way to get there.
You do realize that you are paying both of these right?
Why? Because the bulk of their welfare whore voters pay little or no taxes now!
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