Posted on 10/10/2011 6:46:18 AM PDT by SeekAndFind
I'm sure Hillary is still befuddled how she could have lost to a clean and articulate???? black man with basically "0" experience.
The Dem party put blinders on and pulkled the lever. They can all rot in hell. They gave us an incompetant piece of cr**. Shame on them!!
Current circumstances call for bolder action.
The Phase 1 Enhanced Plan incorporates the features of Phase One and gets us a step closer to Phase two.
I call on the Super Committee to pass the Phase 1 Enhanced Plan along with their spending cut package.
The Phase 1 Enhanced Plan unites Flat Tax supporters with Fair tax supporters.
Achieves the broadest possible tax base along with the lowest possible rate of 9%.
It ends the Payroll Tax completely – a permanent holiday!
Zero capital gains tax
Ends the Death Tax.
Eliminates double taxation of dividends
Business Flat Tax – 9%
Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders.
Empowerment Zones will offer additional deductions for payroll employed in the zone.
Individual Flat Tax – 9%.
Gross income less charitable deductions.
Empowerment Zones will offer additional deductions for those living and/or working in the zone.
National Sales Tax – 9%.
This gets the Fair Tax off the sidelines and into the game.
Phase 2 – The Fair Tax
Amidst a backdrop of the economic boom created by the Phase 1 Enhanced Plan, I will begin the process of educating the American people on the benefits of continuing the next step to the Fair Tax.
The Fair Tax would ultimately replace individual and corporate income taxes.
It would make it possible to end the IRS as we know it.
The Fair Tax makes our exported goods and services the most competitively internationally than any other tax system.
Phase 1 Enhanced Plan – Summary
Unites all tax payers so we all pay income taxes and no one pays payroll taxes
Provides the least incentive to evade taxes and the fewest opportunities to do so
Lifts a $430 billion dead-weight burden on the economy due to compliance, enforcement, collection, etc.
Is fair, neutral, transparent, and efficient
Ends nearly all deductions and special interest favors
Ends all payroll taxes
Ends the Death Tax
Features zero tax on capital gains and repatriated profits
Lowest marginal rates on production
Allows immediate expensing of business investments
Eliminates double taxation of dividends
Increases capital formation. Capital per worker drives productivity and wage growth
Capital formation will aid capital availability for small businesses
Features a platform to launch properly structured Empowerment Zones to revitalize our inner cities
We all know the Fed has tripled the money supply since 2008. They have been printing money out of thin air to finance the Obama spending machine. While true Fed reform that restores sound money may have to wait for my election, the best thing we can do now is to pursue policies that increase the DEMAND for dollars to help mitigate the risks associated with the increase in the supply.
Pro-growth economic policies equal a strong dollar policy
http://www.hermancain.com/999plan
My understanding is there are no exemptions except for Charitable donations. However, it is rarely pointed out that there is no sales tax on used items. So if you buy a used car-no tax. By a washer off Craigs List- no tax. That would create a huge secondary market for used goods which would profit everyone.
The bottom line is....This 9-9-9 plan isn’t going to happen.....PERIOD.
If I understand this correctly, only new goods would be taxed. So if you buy a used car, house, or anything else, the 9% sales tax would not apply, right?
AMEN!
Pizza is Cain's biggest selling point.Exactly. That's quite a jump, from Pizza to the WH.
I'm not saying it can't be done, I'm just saying his hurdles are immense.
So? Considering we have increased annual Fed spending by over $2 trillion in the last 3 years, finding $300 billion to cut would be easy.
Right which is why you waste all your time racing around from thread to thread trash talking it.
No they would not since all the other forms of Fed taxation, direct, and indirect, would have gone away under 9-9-9.
And that would be a good thing.
However, that conclusion is likely based on a static analysis. That type of approach always underestimates tax revenue after a cut in tax rates.
I didn't see enough in this article to know how the calculations were done to make a decision for or against this plan. I am in opposition to a national sales tax that doesn't also put a constitutional limit on both the max income tax and max sales tax.
I agree. And I really would like to see Romney and Perry's plans.
But I guess, being professional politicians, all they have to do is give nice speeches, not actually present a Presidential agenda.
Apparently only the non professionals like Cain have to present actual plans and ideas.
Corporations might come back but it will kill the small business owners. My husband was self employed and I went back and looked at some of the returns and in the year 2006 under the Cain plan we would have paid 4750.00 more in taxes because of the deductions taken away and in small business it is reported on your personal income taxes. So it will kill small businesses and they employ a lot of people
Right, but the 9-9-9 is a Federal plan. If States still have income and sales taxes, they’ll be in addition to Fed taxes, no?
You two sure you are at the right website? You are both posting boiler plate leftist dogma here
Rather then turn the company around and save it from bankruptcy by laying off some people, you two would rather he end up bankrupting the company. Odd how you over look the fact that would of been forcing EVERYONE into the unemployment line.
Sounds like you two would be way more comfortable at Democrat Underground then any Conservative website
Sure, but it eliminates all the direct, and indirect, Fed taxes you pay. To claim it adds to your existing burden is incorrect because you would be paying less Federal taxes over all.
No it would not because you would not be paying your current corp tax rate plus your FICA/medicare contributions under 9-9-9.
9-9-9 doesn't add to your existing tax burden. You have to figure out how much less you would pay in other Fed taxes not just add it to your existing taxes
Yeah that conservative “think tank” University of New Mexico.... LOL!
I would love to see the details of this study and WHO were the investigators. Furthermore, the University of New Mexico is not the Holly Grail of business schools.
So the University of Mexico believes the current communist Progressive tax code is better. LOL!
OF COURSE THEY WOULD! NO SURPRISE AT ALL...
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