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Where Cain's 9% Came From
Vanity
| 10/15/2011
| Self
Posted on 10/15/2011 10:09:54 AM PDT by rob777
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To: rob777
Even if the plan worked politically, it would not work fiscally. If it is revenue neutral then it would still leave a deficit of well over a trillion dollars. I’ve heard no specifics on how Cain would eliminate that. Of course, none of the other candidates have done any better.
41
posted on
10/15/2011 11:06:48 AM PDT
by
SoJoCo
To: mylife
Under Mr Cains plan, your $9.99 pizza will cost $10.89 PLUS state sales tax. So what's your point?
You have $5.00 more in your wallet when the delivery kid shows up.
42
posted on
10/15/2011 11:06:57 AM PDT
by
Cobra64
(Too many people are incapable of critical thinking. Common sense isn't common anymore.)
To: GBA
Mr Cain is calling on the Super Committee to implement his plan.
How does cutting out the Congress and reducing decisions to a panel of 12 represent “checks and balances”?
43
posted on
10/15/2011 11:08:08 AM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: ImJustAnotherOkie
So, people can take a lesser-paying job, work fewer hours, etc., in order to control how much income tax they pay.
To: mylife
Or maybe the 9.99 pizza will be $7.00 because of all the hidden taxes already built in?
To: Cobra64
My point is that its a double tax on current savings.
46
posted on
10/15/2011 11:09:24 AM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: mylife
Perry should drop out. Otherwise, he’s just playing spoiler to siphon away just enough duped conservatives to throw the nomination to Romney.
So, stop slinging mud at real ideas and get to work on convincing the phony from Texas to go back there.
47
posted on
10/15/2011 11:09:24 AM PDT
by
perfect_rovian_storm
(Perry's idea of border control: Use both hands to welcome the illegals right in)
To: ImJustAnotherOkie
The taxpayer can buy a cheaper version of a product, defer the purchase or not purchase a product at all. Which cuts demand for the goods produced by business. What effect will that have on the economy?
48
posted on
10/15/2011 11:10:28 AM PDT
by
SoJoCo
To: ClearCase_guy
I believe Cain is proposing a two-thirds vote for any future increase in rates.Not good enough. This is where my 99 Plan comes in. Taxes can't go up unless 99% of the Congress votes in favor of it.
49
posted on
10/15/2011 11:10:57 AM PDT
by
Hoodat
(Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
To: Cold Heart
50
posted on
10/15/2011 11:11:43 AM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: mazda77
Another misconception is that the tax would be added at the cash register at the time of purchase. It is applied to the retail cost of the item at time of manufacture. When the other taxes on manufacturers are reduced and eventually eliminated, this tax will result in keeping the profit margins very close if not greater once all the federal fees, taxes and regulations that have been swept away. Thank you! I didn't know that and it will make a HUGE difference. Herman Cain needs to make sure this is clear in the next debate. It changes everything.
51
posted on
10/15/2011 11:12:19 AM PDT
by
Sal
(We want to run against Obama because he's the weakest boob since Carter. Even way worse.)
To: mylife
My point is that its a double tax on current savings. The federal tax on your earning goes down to 9% from whatever it is now, most likely around 25%.
Read Cain's entire plan, not just the consumption tax part.
52
posted on
10/15/2011 11:12:36 AM PDT
by
Cobra64
(Too many people are incapable of critical thinking. Common sense isn't common anymore.)
To: perfect_rovian_storm
I am not slinging mud.
I am asking serious questions.
53
posted on
10/15/2011 11:12:50 AM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: SoJoCo
Consumption may be negatively impacted, but an economy that relies on 70% of GDP as consumption is unsustainable.
The 9-9-9 plan with allowed corporate deductions only for materials purchased here in the US will stimulate production again rather than relying on unsustainable credit-based consumption.
54
posted on
10/15/2011 11:13:30 AM PDT
by
perfect_rovian_storm
(Perry's idea of border control: Use both hands to welcome the illegals right in)
To: Cobra64
My point is that its a double tax on current savings.
55
posted on
10/15/2011 11:13:46 AM PDT
by
mylife
(The Roar Of The Masses Could Be Farts)
To: rob777
Every manufacturer publishes their products as Manufacturer’s Suggested Retail Price (MSRP). Just call a manufacturer and ask to purchase an item directly from them and they will have you contact a dealer first. Unless you have the volume to be considered an Original Equipment Manufacturer (OEM) customer, they will not sell to you.
That is determined by the distributor and dealer networks the manufacturer wished to operate under including each level of distribution to the retail market.
All have their preferred markups included. Interestingly, under the current system, each level also has its federal, state and local fees, taxes and regulatory costs added to the equation as well.
56
posted on
10/15/2011 11:13:51 AM PDT
by
mazda77
To: rob777
“but would not sell politically”
I’m guessing this means it would not sell to our “professional” politicians who have been used to asking for and getting blank checks at the taxpayers peril. I do think that “we the people” are ready to buy into this plan and tell the “professional” politicians where to stick it.
57
posted on
10/15/2011 11:14:56 AM PDT
by
freeangel
( (free speech is only good until someone else doesn't like it)
To: mylife
If you were a little more concerned about yourlife as well as those you hold idea, how about educating yourself and reading the two FairTax books and how it works in detail instead of drinking talking points Kool-Aid.
58
posted on
10/15/2011 11:17:18 AM PDT
by
mazda77
To: mazda77
"Every manufacturer publishes their products as Manufacturers Suggested Retail Price (MSRP). Just call a manufacturer and ask to purchase an item directly from them and they will have you contact a dealer first. Unless you have the volume to be considered an Original Equipment Manufacturer (OEM) customer, they will not sell to you.
That is determined by the distributor and dealer networks the manufacturer wished to operate under including each level of distribution to the retail market.
All have their preferred markups included. Interestingly, under the current system, each level also has its federal, state and local fees, taxes and regulatory costs added to the equation as well."
Thanks. This is a crucial point.
59
posted on
10/15/2011 11:18:12 AM PDT
by
rob777
To: mylife
The pizza will no longer cost $9.99. The company will realize a 77% reduction in one of its production costs - taxes. Therefore, they will be able to lower their price accordingly.
For the record, I oppose a national sales tax. However, I haven't lost my objectivity. Cain's numbers do add up. It sickens me to see opponents lie about them.
60
posted on
10/15/2011 11:19:41 AM PDT
by
Hoodat
(Because they do not change, Therefore they do not fear God. -Psalm 55:19-)
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