PERRY’S FLAT TAX IS SIMPLIFICATION BUT NOT REFORM

Dick Morris.Com ^ | October 28,2011 | Dick Morris

[chevydude26]

F the Cato institute...Newts plan is better than Perrys and so is Cains.

[JakeS]

no

[JakeS]

We are on the same team. There’s a lot of work to be done. But I am encouraged that the top candidates (i.e., NOT Romney, in my book) are committed to both massive spending cuts and major tax reform. This is the time we must get these policies through!

Thank you and yes we are.

[JakeS]

Can you please post one of those analyses, so that we can all take a look at it. Two would be better. Choose a low-wage earner and a higher-wage earner, and let us look at the numbers. Everyone is curious about both of these plans, so I’m sure we would all like to see the numbers your accountants came up with. Thanks.

No.

Simply do it yourself, using your own income and situation. Then tell me how having a choice to sue the Perry plain or staying with the existing plan hurts you. And then you tell me how the Cain 9-9-9 plan helps anyone but the very rich. But no, I am not going to publish my figures. My income, holdings, family size, deductions etc are none of yours or anyone else on FR's business.

[BagCamAddict]

I didn't ask for your info. I asked for the analysis of one of the many employees that you said your accountants had used. I also didn't ask you to give us their name. So it would be a completely anonymous set of data. And I asked for it because I happen to believe in conservation of energy. If your accountants have already done it, there is no reason for 1000 other Freepers to waste their time doing it, when you could just share the information.

As for doing what you said regarding comparing my own situation, I have already done it. I make out better under Cain. That's why I asked you to post some other data, because I would like to see an example of how Perry's plan works better for someone.

All of this is irrelevant. Any plan that is proposed is going to be better for some and “worse” for others. We can post contradicting examples all day long. That's why I don't really care how it affects any one individual. I care which one is better for the Country.

[DTxAg]

You can do a simple analysis. Take a family of four making the median U.S. salary of $49,500. Under current U.S. taxes, with standard deductions and exemptions, that family owes around $2,600 in income taxes but pays nothing because of the child tax credit and other credits. Under Perry’s plan with a $12,500 deduction per person, that family pays no income taxes. Under Cain’s plan, that family pays $4,455 in income taxes. This is just the income tax portion of their plans.

[DTxAg]

I care which one is better for the Country.

Then we agree on this, but I take it one step further. I care about which tax plan is better for the country AND will actually get our guy elected to replace Obama. I've said it before, running on a tax plan that increases taxes on seniors, "the poor", average families, small businesses, all businesses that operate at a loss, etc. is electoral suicide. We get no tax reform if we lose the WH in 2012 and we lack a 2/3 majority in each house of Congress.

[BagCamAddict]

I totally agree with that!!

[JakeS]

Exactly right,
Thank you

[JakeS]

I am not going to give you the information you want, so please stop asking and trying to justify your request.

I don’t know how you come out better under Cains’s plan than you do Perry’s but I am not going to ask for your details, so please show me the same courtesy.

[BagCamAddict]

Lordy, I did stop asking. I used the word “asked” - past tense. I didn’t “keep asking.”

Sheesh.