Posted on 10/12/2011 12:38:52 PM PDT by Fred
All over Cambridge, Brookline and Jamaica Plain, the self-satisfied set is beyond appalled.
Herman Cain, a black guy, is the new darling of the Tea Party — the very party that liberals have labeled racist since it was born.
How to explain this disturbing turn of events? How will liberals deride Tea Partiers now? And since so many felt so good about themselves after voting for Barack Obama (who is biracial), how good might white independents feel after voting for Cain (who’s 100 percent black?)
Cain’s just a black poster boy, a plant to deflect racist charges aimed at the GOP. That’s the dismissive line
(Excerpt) Read more at news.bostonherald.com ...
In GA the sales tax only applies to the purchase of new items. I assume it’s that way in other states as well, and I assume it would be that way with a federal tax.
Wait a minute here... I think you are misleading people. Because Cain’s plan cuts taxes.
I have had my head explode on multiple occasions when I tried to explain to a Liberal that mandatory insurance laws drive the price of insurance up instead of down.
You take a good that has a fixed supply because the number of providers is set by the state and then you push the demand to maximum by making owning this good mandatory. The price will go up not down.
Somehow the Liberal mind just cannot accept this -- it's like showing the cross to Dracula.
How will the liberals deal with this?
If Romney is picked over Cain, they’ll claim the GOP racists rejected the black guy.
The 999 calculator is way sweet...
http://www.nerds4cain.com/Blog/archives/723
Will be passing it on to all those who are victims of our crappy public school systems and cannot grasp the savings from 999.
I want Herman and his people to get out in front of this with simple examples of how this will be good for the little guy. Cain is a sales and marketing guy, he's got the country hooked with the 999 now he has to close the sale. Show the public how hard it will be to start raising the rates.
That is the concept that the vast majority people fail to understand. Even somebody on welfare does not escape income taxes that are embeded into the price of every good and service that they consume. And policiticians love it that people don't understand. If politicians were transparent in their disclosure of the REAL burden of taxes that people pay, every government employee in Washington would be afraid to show up to work tomorrow
Just the first part is for you, the rest is just a general rant.
You don't have to worry about your new car.
The car price today has higher than a 9% corporate tax already built into the price. The US currently has one of the highest corporation taxes of any major country. When corporate taxes go down, they charge less due to competition to maintain the same profit margins (assuming its not GM). When corporation taxes go down, businesses are more likely to set up shop in the US and employee more people. When more people are employed, less money needs to be borrowed from China to pay our bills (but that is a story all by itself)
In addition to that, you are most likely paying way more than 9% in income taxes today. With 9-9-9 your take home pay increases.
If you are not paying more than 9% income taxes today, then they need to be raised to 9% so that you can pay your fair share. That is one of the good things about the 9-9-9 plan. It does away with pitting those who pay taxes vs. those who do not. Everyone then has skin in the game. Also, when someone pays their fair share, they will begin to feel better about themselves and have a more positive self-worth.
I have read from other that have been concerned about 9-9-9 turning into 15-15-15, 20-20-20, etc. if the Dems have House/Senate/Presidency. It is no different than them increasing the current income taxes to 70% for everyone. If they control all three, they can do it, and it doesn't matter if we are talking about 9-9-9 or the current system. Now the question on if Americans will put up with that is the limiting factor in both cases.
Again, the important point is that it makes everyone equal. It unites us instead of dividing us. It levels the field for corporations as well and then lets the free market economy decide which ones work or not, not the slimy government bail outs and tit-for-tat tax favors we currently have.
Our system of government is not broken. It is doing exactly what the people wanted. Obama was totally out of control, and the last election slowed him down, as desired. Our problem is the people we elect (commies, socialists, the mob, and general USA haters), not the system as described in our Constitution.
Flame on,
Miloh
>>Corporate Taxes are passed onto consumers, as much 35% of the price of new car is based on Corporate income taxes. You will pay a 9% sales tax on a car that will have it’s price reduced as much as 26%. Therefore, you will realize an overall savings.<<
Sorry, but that’s incorrect. Cain’s program (which I think deserves some consideration, by the way) doesn’t cut the corporate income tax to 9%; it replaces the corporate income tax with a tax on gross sales, less some adjustments. And because the 35% income tax is only paid on profits, it’s actually possible that Cain’s 9% corporate tax is a higher tax than what the company is paying now. This is certainly true, for example, when the company breaks even for the year and owes no income tax. Under Cain’s formula, they would, because they would have sales revenues, and the adjustments permitted wouldn’t reduce that figure to zero, so the company would owe 9% of something as opposed to 35% of nothing.
The real key to Cain’s plan is how it structure incentives. A 9% personal income tax is a tremendous incentive to work because you get to keep what you make. A 9% sales tax is a disincentive to purchasing, which raises savings and provides a source of long-term capital. And a 9% tax on corporate sales (it sounds like it’s sort of net corporate revenues, because the company gets to deduct the cost of products bought from other companies) is almost like another sales tax. Because of the way it’s structured, a company that’s labor intensive, say a law office, would pay almost 9% on total revenues for the year, whereas a company that’s capital equipment/resource intensive, say a steel company that’s highly automated, would pay 9% on only a small portion of their total revenues, because they could deduct the cost of all the iron ore, equipment, electricity, etc., that they purchased to make the steel.
The beauty of it, though, is that it would be a constant number, and companies would be able to easily adjust the prices of their products to account for the taxes they would owe. Also, taxes would effectively be lower on manufacturing companies (with high resource inputs) enabling domestic companies to better compete with overseas manufacturers. Domestic industries like law firms and accountants would pay high taxes relatively speaking, but don’t typically compete with overseas suppliers of their services.
It’s a very complex plan when you try to consider the details, but I think the incentives are generally good. Anyone that says they know how it’s all going to sort out in the end, though, is just blowing smoke. A certain amount of trust has to be put in establishing the right incentives, and then letting the economy do its thing. After all, that’s what Reagan did...he just dropped personal tax rates and stood back and watched people start working and paying taxes at a faster clip...and it worked.
His plan distributes the tax burden more fairly.
Do you like it that half of the population pays no taxes? I know I don't. And that the job creators have to pony up millions, sending it to the government rather than paying it to newly hired employees? I don't.
major double ping my man
General even now days on big ticket items I get the seller to eat that cost, I think it will be the same under herman’s plan esepcially with the tax savings the business would get paying only 9%.
Frankly, most libs are stunned when the discover any non-whites who are conservative Republicans much less one among the contenders for the nomination for president. It is beyond their powers of comprehension. They have built their whole screwy world on the premise that conservatism is a philosophy of hating non-whites and keeping whites rich and in power. No black or brown people allowed. So conservative Republicans are responsible for boosting Cain while the lib-moderate Pubbies favor the uber-white and wealthy Romney. Libs are thoroughly discombobulated. But don’t worry, they’ll still come back to play the race card. Even if Cain is nominated and then elected president.
Thank you for this - nice and easy to understand.
“I think who he REALLY has squirmin’ is the republican establishment.”
I assume that’s all of his family. Nice to finally see a picture!
John, I think you need to re-visit the numbers. Isn't the federal tax on corporations applied only to the profits? I do not believe they pay 35% on all revenues, just on profits. So the 35% would not apply to the cost of the car, but the 9% would.
I posted this elsewhere, but will rant again, until someone says “you’re wrong because . . .” :-)
A tax on gross eliminates the “bribe me and I’ll cut you a tax break” sword that hangs over businesses. The side benefit is that businesses will take a harder look at where their money goes - with no more unproductive tax write-offs, the money will be directed to areas that create wealth and jobs.
It will be tough on the spendy restaurants, country club memberships and all the other outfits that exist only because of those write-offs, but perhaps this country will then get back to making things other people really need.
Maybe they could imbed in the reform that any changes to the 9-9-9 percentages would have to be voted on by the public only in a presidential election.
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