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To: SeekAndFind

The author correctly identifies the problem with the business tax. It will mean a tax increase for many companies, and even those companies that lose money will find themselves with a substantial tax bill.


12 posted on 11/05/2011 12:48:41 PM PDT by SoJoCo
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To: SoJoCo
The author correctly identifies the problem with the business tax

Abolishing their share of the payroll taxes, as 9-9-9 does, by itself significantly cuts all business's tax burden

Once again, try actually learning the facts about 9-9-9, don't just post fraudulent disinformation.

14 posted on 11/05/2011 12:53:38 PM PDT by MNJohnnie (Giving more money to DC to fix the Debt is like giving free drugs to addicts think it will cure them)
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To: SoJoCo

So only businesses that are well-run and profitable should pay taxes, while poorly run businesses should not pay taxes ?

That’s messed up.

Have you forgotten that poorly run businesses pay taxes today ? 7.65% of their payroll, or 15.3% of payroll if self-employed. Cain’s business tax bumps this to 9%, while also eliminating the employee 7.65%.


39 posted on 11/05/2011 6:27:12 PM PDT by Kellis91789 (The ultimate result of shielding men from the effects of folly is to fill the world with fools.)
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