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Perry to Propose Optional Flat Income Tax of 20%
http://politics.blogs.foxnews.com/2011/10/24/perry-propose-optional-flat-income-tax-20 ^ | 10-24-2011 | Carl Cameron

Posted on 10/24/2011 1:45:55 PM PDT by smoothsailing

Perry to Propose Optional Flat Income Tax of 20%

Carl Cameron

October 24, 2011

Texas Governor Rick Perry is formally unveiling his flat tax proposal Tuesday in South Carolina. His campaign hopes the plan will gain traction with people who are fed up with the current tax system.

Sources tell Fox News it will be an optional 20% flat income tax with a $12,500.00 deduction per individual, per household. Taxpayers may otherwise choose to keep paying under existing IRS code.

(Excerpt) Read more at politics.blogs.foxnews.com ...


TOPICS: Business/Economy; Extended News; News/Current Events; Politics/Elections
KEYWORDS: flattax; heartless; patriot; perry; perry2012
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To: Paleo Conservative

Why would the 16th Amendment need to be repealed in order for the government to pass a law that it no longer would assess an income tax?


101 posted on 10/24/2011 6:22:15 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: normy

I think your apparent definition of “social engineering” misses the mark.

Oh, and as an aside, on those opportunity zones: when the plan was posted on Cain’s website it listed the things a locale would have to do to be eligible for OZ status. Those things included abolishing minimum wage laws and implementing right-to-work policies. No unions!

In my view, that result would be a pretty good trade-off. It also pretty much guarantees that the unions will fight and fight and fight against ever letting their town be designated an OZ.


102 posted on 10/24/2011 6:26:39 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: fightinJAG

Agree with everything you said.

Making it optional between 20% Flat Tax vs. Current IRS Code, will only exacerbate inequities in tax collection.

Those with the ability to lobby political influence and pay armies of tax attorneys to understand the byzantine complexities of the tax code, will continue to flood the code with even more arcane exemptions and deductions for themselves, with the excuse of, “well if you don’t like it, pay the 20% flat rate, LOL!”


103 posted on 10/24/2011 6:27:11 PM PDT by Utmost Certainty (Our Enemy, the State)
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To: fightinJAG

Duly noted.

I’ve decided to reserve judgement until Perry has put forth his speech and the specifics of his plan.

This short news blurb doesn’t tell me much, nor do I know if it’s claims are accurate.

We’ll know more by this time tomorrow.


104 posted on 10/24/2011 6:31:57 PM PDT by smoothsailing ( FUBO-FUMR!)
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To: magritte

I don’t find anything about the plan that sounds good.

A flat tax is supposed to, at the minimum, simplify the tax code and this leaves the present tax code in case — which is absolutely horrible and even more horrible since we have the chance at this time in history to stick a knife in it — and ADDS ON TOP OF THE CODE a new, separate set of tax provisions called the “optional flat tax.”

This is worse and more convoluted than what we have now!

This will do nothing to get rid of the billions wasted every year in compliance costs. In fact, it will INCREASE compliance costs, because there will be a new system to comply with, audit and enforce, and, not only that, some people will choose to be in it and others won’t.

This does not address crony capitalism.

It does not address the huge amount of federal taxes presently embedded (”hidden”) in the price of consumer goods.

It does not make everybody pay something into the system.


105 posted on 10/24/2011 6:35:12 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: azcap

Not to mention that it would turn us into a nation of taxpayers (contributors) rather than what we have now, a nation divided between takers with their hand out, demanding ever-more free stuff, and producers.

And tourists would contribute, too!


106 posted on 10/24/2011 6:37:12 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: MestaMachine

Reading your post actually made me feel a little ill.

I hope your point is increasingly obvious to all.


107 posted on 10/24/2011 6:38:55 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: La Enchiladita

Well, I think this “optional” new, additional tax code provision is going to produce a very “weak stream.”


108 posted on 10/24/2011 6:40:41 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: Bigun

Also the Fedzilla taxes, estimated at 20+%, presently embedded in the cost of consumer goods goes away under the Cain plan. They are replaced with a one-time, point-of-sale NRST of 9%.

That provides an economic advantage. But it also provides a freedom advantage. Under the NRST, everyone would contribute something.


109 posted on 10/24/2011 6:46:33 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: tnlibertarian

Was Steve Forbes’ original flat tax proposal optional?

That just seems to weird and weaselly at this time in history.

We have the opportunity — moreso, the critical need — to do something bold. And this just seems so UN-bold.


110 posted on 10/24/2011 6:49:16 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: smoothsailing

It does seem as though the argument that the flat tax rate can be raised and raised and raised is much more appropriate here than in regard to Cain’s 999 plan, which built in vastly superior political accountability than what we have now.


111 posted on 10/24/2011 6:51:02 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: fightinJAG
Why would the 16th Amendment need to be repealed in order for the government to pass a law that it no longer would assess an income tax?

Because a future congress could repeal that legislation and re-institute an income tax.

112 posted on 10/24/2011 7:01:38 PM PDT by Paleo Conservative
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To: toast; All
ICYMI, here's an interesting link on the empowerment zones:

Cain puts finishing touches on Empowerment Zones, angering unions.

113 posted on 10/24/2011 7:02:45 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: txrangerette

I can’t remember if the flat tax plan Steve Forbes ran for President on was optional or not.

Just read here on this thread that Gingrich put out an optional flat tax proposal weeks ago.

Sorry, but at this point in time, where we need “BOLD,” “optional” sounds weaselly. It comes off as if, as Margaret Thatcher said, Perry has “gone all wobbley on us.”

It’s almost like Steve Forbes is doing a good cop, bad cop thing. Because, in the end, this proposal ends up highlighting the strong points of 999, not detracting from it.


114 posted on 10/24/2011 7:07:22 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: txrangerette

How do you feel about the fact that Perry’s plan would increase IRS bureaucracy (two plans to administer) and increase rather than eliminate the billions now spent on tax compliance?

Are you concerned that the flat tax proposed rate of 20% could go up — and likely would since it would likely affect smaller number of people than those filing under the present code?


115 posted on 10/24/2011 7:11:02 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: Hugin

Wrong.

The deduction applies to everyone whose income is at or below the poverty line.

The rate of tax may be different in an OZ. But the income subject to tax is the same everywhere.


116 posted on 10/24/2011 7:13:20 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: Utmost Certainty
Now those with the ability to lobby political influence and pay armies of tax attorneys to understand the code, will pump the existing code full of even more arcane exemptions and deductions for themselves, with the excuse of, “well if you don’t like it, pay the 20% flat rate, LOL!”

Where I was going in a previous post, but you actually took it to the house!

And what about that 20% rate going up and up, eh? With no even marginally increased political accountability built into the system than at present, wow, the sky is the limit. Especially since taxpayers will have Libs' favorite thing: "choice."

The flip side of what you said is that as the flat tax rate gets upped and upped, Dems will simply say, "Well, pay under the old system if you don't like it."

Frankly, this is just weird.

117 posted on 10/24/2011 7:18:34 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: fightinJAG

More info...

http://online.wsj.com/article/SB10001424052970204777904576651330270547222.html?mod=WSJ_Opinion_LEADTop


118 posted on 10/24/2011 7:24:54 PM PDT by smoothsailing ( FUBO-FUMR!)
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To: All

This Fox Report does not jive with what Forbes said in this Fox Interview:

http://www.youtube.com/watch?v=QmsnGDo3qbM&feature=youtu.be

He was asked if the rate would be similar to his previous plan of 17% and he says no that it is a very low number and has higher deductions.


119 posted on 10/24/2011 7:28:31 PM PDT by TexMom7
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To: smoothsailing

On first read it is a very good plan. Will study it further. Thanks goodness no idiotic national sales tax.


120 posted on 10/24/2011 7:29:16 PM PDT by magritte
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To: toast
If it is optional I’m going to have to figure out my taxes both ways so I can decide which one is cheaper.

Yeah, it being optional, it doesn't make sense, because you'd only be adding to the tax code and making it more confusing, not cutting out large chunks of it.

I just can't see it being optional.
121 posted on 10/24/2011 7:29:52 PM PDT by af_vet_rr
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To: CatDancer; normy; toast
I see. 9-9-9 for me and 3-3-3 for blacks. Yeah, no reparations going on here, either

You do realize, don't you, that the reason 999 is controversial -- from a Democrat and Michele Bachmann point of view (see my well-justified slam of Bachmann at #76) -- is that it taxes people who previously paid NO taxes? Zero taxes?

That most of these people were not taxpayers AT ALL?

That in fact, most of them get a check from the the rest of us every year called the Earned Income Tax Credit?

999 changes all that. Leading Dems and some GOPers with diarrhea of the mouth (see link above) to say "it hurts the poor the most."

I think your comment about reparations is in poor taste. But regardless, it's simply not well-founded. Making people pay something, when they were paying nothing, is not a new way to reward them.

122 posted on 10/24/2011 7:33:44 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: KevinDavis

Except Perry’s plan doesn’t simplify the tax code. It adds a new mini-tax code to the existing one.

That’s a problem.


123 posted on 10/24/2011 7:35:09 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: fightinJAG
Well Scott Walker took on Unions for everyone. Cain's economic plan for inner cities, i.e. Empowerment Zones, does for blacks what should be an American plan. It does nothing fro the trailer park kid or the country boy or the barely above the poverty level lower middle income suburbanite. they still have the union issue, still have the income tax issue and still have the minimum wage issue.

these are not issues Cain is opposed to, he's opposed to them for his Empowerment Zones for African Americans (his words, not mine) because they would cause the area to begin to prosper "as companies move to these zones" to avoid the hassles of Unions and taxes. Move them from where they are now to the inner city Empowerment Zones.

124 posted on 10/24/2011 7:36:25 PM PDT by normy (Don't take it personally, just take it seriously.)
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To: Retired Greyhound

As a back of the envelope calculation if you spend 100% of income. Approximately right because the national savings rate is so low - but admittedly an approximation.

If Cain could pass his 999 I’d be happy, but I think we have reached the point politically that people will reject it because they don’t understand it or decide that it might adversely affect them (those calculations of embedded taxes are difficult for the average voter, who is intellectually quite lazy, to understand).


125 posted on 10/24/2011 7:37:47 PM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: Paleo Conservative

That’s a separate issue from whether or not Congress has the power to go ahead and eliminate the income tax.

It does.

These two actions can be pursued concurrently.


126 posted on 10/24/2011 7:39:08 PM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: Politicalmom

I mentioned the big exemptions. I assumed that anyone can multipjy $2,500 by integers.


127 posted on 10/24/2011 7:40:12 PM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: Politicalmom

I mentioned the big exemptions. I assumed that anyone can multipy $12,500 by integers.


128 posted on 10/24/2011 7:40:54 PM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: fightinJAG
According to your tagline you would be against 9-9-9 because everyone doesn't pay the same rate. Cain changed that within days of first being criticized and then said it was always part of the plan.

Flat tax we all pay the same rate. 9-9-9 we don't. The lower middle class suburbanite loses his deductions and gets a 9% income tax increase and a 9% sales tax increase. The inner city Empowerment Zone occupant doesn't pay that same rate, does not see his income tax go up.

129 posted on 10/24/2011 7:41:54 PM PDT by normy (Don't take it personally, just take it seriously.)
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To: fightinJAG
You should also find the man running for President of the United States comments about Empowerment Zones being predominately African American, to be in bad taste.

Imagine Rick Perry advocating special tax rates for white suburban zones, everyone would go nuts, and they would be right to do so. Cain gets away with it and I know why but I wont tell.

Imagine no unions or minimum wage and special tax breaks to move business to predominately white neighborhoods.

130 posted on 10/24/2011 7:47:20 PM PDT by normy (Don't take it personally, just take it seriously.)
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To: fightinJAG

“That just seems to weird and weaselly at this time in history.”

It does not inspire confidence in the man when even his fairy tale proposals are full of weasel words.


131 posted on 10/24/2011 8:05:16 PM PDT by lodi90
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To: achilles2000

Yeah, you emphasized that Cain was giving low-income people a break using snide language, but hid the fact that Perry does the exact same thing.


132 posted on 10/24/2011 8:33:12 PM PDT by Politicalmom (I am intrigued and open to the Bush administration’s amnesty proposal. -Rick Perry)
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To: fightinJAG

You are absolutely right on all points!


133 posted on 10/24/2011 8:51:39 PM PDT by Bigun ("The most fearsome words in the English language are I'm from the government and I'm here to help!")
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To: Politicalmom

You misinterpreted the language and didn’t think at all about the phrase “big exemptions”. In any event, I like Cain, and I like 999. I simply don’t think that it will prove as attractive as Perry’s plan for the reasons I mentioned. If I’m wrong, I’m still happy.


134 posted on 10/24/2011 9:14:59 PM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: Politicalmom

I forgot to mention that no one has seen the details of Perry’s plan to give people a choice between the new and old systems. Those details may be fine, or they might cause the entire plan to be unsaleable. We’ll see. I do wish we wouldn’t eat our own, though.


135 posted on 10/24/2011 9:19:57 PM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: xzins

Thanks for sharing your insights, dear brother in Christ!


136 posted on 10/24/2011 9:54:59 PM PDT by Alamo-Girl
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To: fightinJAG
Perry's plan does not broaden the tax base (i.e., turn more non-taxpayers into taxpayers).

Perry’s plan does not broaden the tax base by making everyone pay something.

The tax base is not who or how many pay.

A tax base is what you pay on or of.

A broad sales tax base means you pay tax on absolutely everything you spend money on. When a sales tax base is broadened it means you pay tax on more stuff. They usually fool the dupes by lowering the rate a little. (do you really cheer that on?)

A broad income tax base is paying a percentage OF more of your income like savings, capital gains etc..

BTW, it's a little hypocritical to knock Perry's tax PAYER base when Cain is out there touting "empowerment zones" and his phase 2 Fairtax with "prebates".

137 posted on 10/24/2011 10:35:33 PM PDT by lewislynn ( What does the global warming movement and the Fairtax movement have in commom? Misinformation)
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To: fightinJAG; normy
--is that it taxes people who previously paid NO taxes? Zero taxes?

That most of these people were not taxpayers AT ALL?

Mmm-hmm ...that's the claim. Until he makes exceptions for that very group of people.

"poor taste" comments? That's about all I see in FR these days.

Maybe it's catching.

Oh, and normy's last post is exactly right.

138 posted on 10/24/2011 10:41:47 PM PDT by CatDancer (I'll Hope for Perry or Change for Newt, or take them both in either order. Period.)
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To: fightinJAG
The rate of tax may be different in an OZ.

And Opportunitny Zones will be drawn around predominately black neighborhoods. Sloppy reparations.

139 posted on 10/24/2011 11:38:14 PM PDT by Hugin ("A man'll usually tell you his bad intentions if you listen and let yourself hear it"--- Open Range)
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To: Hugin
And let's call them what Cain was calling them before he decided to change the name because it sounded too liberal (his words once again) Empowerment Zones.

Opportunity Zones? What kind of politically correct doublespeak is this in the Republican Primary?!

140 posted on 10/25/2011 3:30:59 AM PDT by normy (Don't take it personally, just take it seriously.)
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To: normy

Or we could just call them Reparation Zones.


141 posted on 10/25/2011 3:56:16 AM PDT by Hugin ("A man'll usually tell you his bad intentions if you listen and let yourself hear it"--- Open Range)
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To: Hugin
The biggest problem with the whole thing is apparently a certain group of Republicans have no problem with a candidate who speaks so openly about his color and his affinity for those of his color.

I can't imagine Col. West doing this but my eyes were slapped open when Colin Powell endorsed Obama. That was a shock. I would like Cain to be asked if he voted for Obama and I want to see if his eyes can convince me.

142 posted on 10/25/2011 4:00:07 AM PDT by normy (Don't take it personally, just take it seriously.)
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To: Politicalmom

This morning I read a Manhattan Institute analysis of 999 which shows that the corporate tax component is a VAT. I had assumed that it was just a flat corporate income tax.

Introducing a VAT would be very bad policy, and this is a deal-breaker for me and most conservatives (once they learn this) on 999. I still would enthusiastically support Cain if he gets the nomination, but he needs to rethink his tax proposal.


143 posted on 10/25/2011 7:40:22 AM PDT by achilles2000 ("I'll agree to save the whales as long as we can deport the liberals")
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To: Hugin

If you haven’t noticed, because of Democrat plantation politics most of the areas where the poor are most concentrated happen to be urban centers which are, yes, largely black.

If someone wants to write a policy focusing on our most concentrated poor areas, yes, that will focus on urban centers that are largely black.

Getting rid of these plantations helps us all.

Would you want to move to downtown Detroit so you could get a percentage off your income tax? Get real.

Moreover, you are not accurate if you think OZ only apply to black city centers. ANY locale can apply to be designated an OZ; there are no restrictions on that. ANY locale that applies and meets the criteria, including (as at the link I’ve posted upthread) abolishing minimum wage laws and implementing right-to-work laws (no unions), can become an OZ.

And, again, anyone who wants to live in an OZ is free to move there to take advantage of its (tiny) tax advantage.

Finally, as I posted on this reparations nonsense earlier:

The whole political reason for these OZ is that in most of these urban centers people have been paying ZERO taxes, In fact, they were getting a check from taxpayers, called the Earned Income Tax Credit.

ALL that changes under 999. Hence the wailing by Libs and, unfortunately, Michele Bachmann, that 999 will “hurt the poor the most.”

What’s the argument there? That because these people were paying NOTHING and now will have to pay SOMETHING, they, the poor, are “hurt the most.”

Making people who were paying nothing pay something is so far from any stink of “reparations” as to be laughable. It’s the diametric opposite.

See post #122, especially re Michele Bachmann.

If you want to see reparations somewhere, look at the welfare state we have been paying into for decades. That is going to start to change, even just under 999. Every time someone swipes their EBT card, they would be returning 9% of their present taxpayer handout back to the taxpayers through the NRST.


144 posted on 10/25/2011 8:20:09 AM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: CatDancer

Your reply contained nothing substantive as to the fact that making people who had paid nothing into the system pay something into the system is nowhere near “reparations.”

The fact that some people may be exempted from paying something because their taxable income is so low doesn’t change anything.

All these tax reform proposals, just as Perry’s does, will end up exempting an initial amount of income.

As for comments in poor taste, the fact that “other people do it” is not an excuse!


145 posted on 10/25/2011 8:24:50 AM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: lewislynn
Yes and no.

Yes, broadening the tax base can mean making more stuff subject to tax.

But no, that's not all it means. It can also mean making more non-taxpayers into taxpayers. In fact, this is often the ultimate result of making more stuff subject to tax. This pulls more people into paying taxes.

In the context of this debate, considering one critical goal is to stop the growth of the parastite class by beginning the process of making them pay taxes, and pay in a way that vastly increases the amount of political accountability in the system for all of us, it's important to focus on the ultimate result of making more nontaxpayers into taxpayers -- i.e., one way of saying "broaden the tax base."

Obviously, we wouldn't be having this meme going around about how "broadening the tax base = taxing the poor" (see also my Michele Bachmann analysis at #122), if it weren't understood that the broadening here is as to taxpayers.

BTW, it's a little hypocritical to knock Perry's tax PAYER base when Cain is out there touting "empowerment zones" and his phase 2 Fairtax with "prebates".

I've read this several times and simply can't figure out what your criticism is. If you'd be so kind as to elaborate, I'd be glad to respond as best I can.

146 posted on 10/25/2011 8:43:00 AM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: normy

OZ would be likely to apply to predominately black urban centers because the vast majority of our poorest, most rundown, most horrible areas in this nation “happen” to be black.

Can you point me to many “white suburban zones” that have the same concentration of economic and social pathologies as the typical poor urban center, which happens to be black?

You seem to be bewailing the fact that Democrat plantation politics have enslaved mostly blacks, but whites, not so much.

I’ve posted to others subsequently, so won’t repeat here, but will ask you to read through the rest of the thread if you’re interested. I’d be glad to respond to your comments. I’ve explained that OZ of course would benefit blacks because blacks are the worst off (thanks, Democrat plantation owners). But ANY locale can apply to be an OZ and, if it meets the criteria, be designated as such.

I just don’t see making Mr. Cain’s proposals into a racist act when, clearly, objectively, if for whatever reason you want to tailor a tax policy to address poverty in America, there is no way to do that without it disproportionately affecting black Americans, because black Americans are the ones who have been disproportionately ensared by Democrat-created generational poverty.

Mr. Cain is not a racist. Neither is his tax plan.


147 posted on 10/25/2011 8:52:58 AM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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To: smoothsailing

I propose a 75% tax on all contributions collected by ethnic centered special interest groups. Additionally, there should be a 95% tax imposed on all judgments collected by way of “discrimination” lawsuits.


148 posted on 10/25/2011 9:04:00 AM PDT by liberalh8ter
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To: normy

As to 999, I have posted that I would rather see a standard deduction for income in the amount of that at the poverty line for everyone.

You are overlooking the fact that under 999 everyone would pay NRST. That is one of the reasons, after a lot of thought, I came to support that. Even people 100% on welfare would pay (return to the taxpayers) 9% when they swipe their EBT cards (the new way welfare is distributed — through electronic benefits transfer cards, now conveniently accepted at fast food joints, convenience stores and taco trucks, too!).

Further, the number of people who would be exempted under 999, as far as paying NO tax, would be quite small: only those whose income is at or below the poverty level. (Compare to the number of households that would be exempted after Perry’s standard deductions were applies.)

Everyone else would pay income tax, with those in an OZ paying one or a few percentage points less. In the scheme of things, this would not be enough to take away from the effectiveness of 999 as a whole.

Frankly, I doubt many cities would actually become OZ, because at least at first there would be too much political resistance toward giving up minimum wage laws and implementing right-to-work policies. So that internal struggle would have to rage on before a city such as Detroit even got to the point that it applied to be an OZ.

“Flat tax we all pay the same rate.”

Not under Perry’s plan, because it keeps in place the old tax code as well, including the old tax code’s incredible Leviathan of loopholes and shenanigans.

Further, under the flat tax we don’t “all pay.” It starts with what it calls “generous deductions.” These standard deductions are such that there might be many more households that pay NO tax than pay now. And certainly almost ALL “poor” people — not just those in any OZ — would pay NO income tax under the Perry plan.

All that could be a matter of degree, so to speak, but since, unlike the Cain plan, the Perry plan does not have a NRST, once people are exempted from paying income tax (and, again, under the Perry plan, almost ALL “poor” people would end up paying NO income taxes because of the standard deductions), those paying NO income taxes pay NO open and notorious taxes at all.

(Of course, everyone presently pays the about 20+% Fedzilla taxes embedded [i.e., “hidden”] in the present cost of consumer goods. Compared to the 9% open and notorious NRST tax everyone would pay under 999. The bottom line being: We cannot hold our Congress accountable so long as we continue to allow them to hide the taxes they burden us with.)


149 posted on 10/25/2011 9:11:03 AM PDT by fightinJAG (NO REPRESENTATION WITHOUT TAXATION! Everyone should pay taxes, everyone should pay the same rate.)
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150 posted on 10/25/2011 10:23:28 AM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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