Any proof you have to offer?
Or you can get raw with these strings. Either way, the violin is sweet yet lethal.
Do it!
Posted on 10/20/2011 9:28:22 PM PDT by justsaynomore
That’s enough for me. I like it already.
Never start a reply with the word federal (then you don’t have to capitilize it), but let’s look at the benefits on the plus side, and they are (corporate tax should be 0% because they just pass the tax on to the consumer) hence 0-9-9- plan, but, how about increases in investment (by the rich taxable people) that put people to work, and the fact that the government always spends half of the money to give out the other half. People will spend money to make money. Follow the money.
I disagree. Herman Cain next POTUS!
Big number... added taxes paid by drug dealers, pros, and others 9%
Maybe, we’ll see. I’ll settle for Cain or Bachmann as nominee, but I truly believe Perry would have the best shot in the General Election.
No, sorry to say its Mitt and the white hairs, but Perry, Mitt, can’t carry the tea party, so who’s left? Cain Michelle, who both have a better chance to win Iowa then the boys do
This. Free at last! Free at last! Thank God almighty we’re free at last!
Perry will take Iowa, South Carolina, and the Tea Party.
Mitt will get New Hampshire.
Michelle will head back to Congress, and Cain will get a gig on the FoxNews Channel! G’Night! :o)
Dude -- HOW MANY TIMES are you going to cut-n-paste "9 responses to 9 false attacks on 9-9-9"??? I've counted 3 separate times now.
ursosmart
But would lower costs of most goods and services,How does adding a tax lower the cost of a service?
What does this tell you?
If opportunity zones are based on per capita income levels for a city,counties,region or state this would not only affect big cities like Detroit but also small cities like mine in south GA.
This will improve the lives/prosperity of all Americans and and cause the democrat plantation to fall apart.
He will be pushing those democrat strongholds to comply to get the tax breaks.
No minimum wage=increased employment for teens.
School vouchers=no more indoctrination.
Right to work=break unions hold
If those places like Detroit,NYC,LA,SF,Chicago and Oakland don't adopt those standards, they would not get the tax breaks and people will move to where the jobs are. They will meet those standards or become irrelevant.
This will also allow the implementation of phase 2 of his plan, the fair tax. The economy would be improved and people would not fight the consumption tax as much, because their income will be improved and the income tax is removed.
But income tax OR sales tax--NOT BOTH!
First, Cain's 9-9-9 plan taxes employee payroll 9% and the employee pays 9% in income tax so there's 18% right off the top for all labor in the US the government walks away with. This is the minor point... Just making it clear.
Second, Cain's 9-9-9 plan taxes materials/goods that business buy that don't originate in the US 9% essentially making it a 9% tariff on all imports. This is dangerous. Nearly all semiconductors and other base components - including around 60% of our oil - is imported. Are we really going to tax Canadian and Mexican oil 9%? Computers, TV’s, phones, etc. will have an almost instant 9% cost increase.
Now where that's particularly dangerous. What happens if other countries decide to do the same thing with our products they buy? We export more than many people know. Like number 1 in the world. Trade barriers are a bad plan and could set off an economic chain reaction of international trade retaliation.
The 9% import tariff comes from the fact that the cost of materials businesses use to produce their products are counted as the cost of doing business and not taxed when those materials are domestically sourced. Imported supplies are not counted in the cost producing goods and are taxed. In fact for products manufactured in the US using some significant portion of imported parts and then that product is sold world wide it encourages manufacturers to move their plants outside the US so they don't have to pay 9% to import components that their competitors outside the US don't have to pay.
Please correct me if I'm wrong.
The 30 percent corporate tax dissuades companies that do business in American from locating themselves in America. Cutting this down to 9, would make it much more appealing for them to do so.
As for importation, 22 percent of every good (sometimes more) is consumed by taxes, irrespective of importation or no. These are all hidden taxes built into the price. All of these go away. So while the sales tax will increase the price by 9 percent, the actual price would come down. America would be closer to the actual world price of imported goods, which makes them a more attractive destination to sell.
Any proof you have to offer?
Or you can get raw with these strings. Either way, the violin is sweet yet lethal.
Do it!
Yea, his brain. Want him to pull it out and show you?
How can someone provide proof of something when they say "I think..........."
Pretty smart there.
Suddenly it may make sense for us to move our manufacturing out of the country, for example Taiwan. All the parts used now bypass the taxman and its origin is no longer the US bypassing other countries retaliatory import fees on US goods. Our product could then ship directly to customers from Taiwan never entering the US.
Sorry, that part of Cain's plan is stupid and will have consequences that are not good.
Ok. Then by far your largest expense is going to be labor and salaries.
What do you currently have to pay in FICA and Medicare taxes? That all goes away.
If that’s 15 percent, then the 15 would be replaced by the 9 for the corporate taxes, and the 9 for the sales taxes. So you’d be about 3 percent down.
How much do the employees make on average? What income tax bracket are they in? Salaries would be cut and would easily make up the other 3 percent, to have you guys run at lower costs. However, your takehome would be greater.
FICA has a cap.
Under Cain there’s a 9% tax on all employees period. Businesses pay half of FICA up to the limit, the employee pays the other half, again up to the limit. I’d guess but I’m not sure that the 9% employee tax is a wash under either tax method for employees that make up to about $100k a year. Cain’s tax cost to businesses would then be about double what it is now on employees that make $200k a year.
Another point. If your net profit is 20% of the cost of goods and the cost of goods go up 5% overall (9% component cost increase) your net profit just dropped to 15% - or a loss of 25%. Cain’s 9% income tax won’t fix that.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.