Home

As Michell Bachman pointed out, only a fool gives Congress another revenue stream to spend. Once they have it they never give it up.

Herman Cain claims that his plan is revenue neutral because it does away with the existing tax code. The problem is it DOES NOT do away with income tax . It is still there. Basically ,we go from 2 taxes (Individual and corporate income tax) to 3. Not good given congresses track record on taxation over the last 150 years.

The national sales tax, IMHO kill consumption of goods before any long term benefits will be seen in the private sector as to jobs. It's a 9 percent increase in the cost of EVERYTHING we buy.

Actually, if he wants 27% of the revenue from the US economy ,he should just be honest and make it a FLAT income tax at 13.5% across the board for both individuals and corporations- with NO deductions.

Yes, but if it turns into x-x-x EVERYONE would know. Today, it changes and nobody knows. Hence the creep.
I've often said we should do away with witholding and make every working American actually write a check each week for their federal taxes and mail it in. THEN you'd see some awakening. People have ZERO clue what they pay right now.
"Hey I got a refund check this year! I didn't 'pay' taxes, I got money back!" God help us.....

I think it means any used car,regardless of from who or where purchased. Of course,we know very little about the details now. I think we're all simply trying to get a handle on the general concepts...at least I am,anyways.

Same here isaac.

As Michell Bachman pointed out, only a fool gives Congress another revenue stream to spend.
==================

What she failed to point out is how much of the revenue stream is taken away from Fed control.

How do we get past the near insurmountable repeal concern?

So you were all for the new tax thinking you wouldn't have to pay much or any of it. Well what makes you think "the mortgage, phone, car insurance and such" would be exempt from Cain's NEW federal flat sales tax?

There's nothing on Cain's web site saying anything would be exempt and the only thing Cain has said would be exempt from his sales tax are used items. You might not even have your $144 a month for food and fun under Cain's plan, but as long as it's fair you�re ok with it, right?

Don't worry, Santorum was right, there's no way 999 could pass Congress even if Cain became President.

You remain, an idiot.

Ryan's plan is the same shell game, rebadged. It fixes nothing, just kicks the can down the road.

I know enough to run the actual numbers and present a solution that addresses those numbers. Something you, nor Ryan, will do.

Honestly, what is commonly referred to as "The Fair Tax" or a nation sales tax is not my first choice, BUT..... to answer your question... I think once congress sees that that particular '9' (sales tax) is delivering the revenue they 'need' then the repeal issues is at least that one step closer. The bigger issue, and this is really the issue with 999 or ANY no deduction type plan or any plan that eliminates preferential treatment for any group, is the fact that it neuters a large part of their (Congress') power. Wheter it's the repeal or simply going flat tax no deduction, THAT is the real hurdle. I really think people underestimate why we have the current disaster of a tax code that we have. It is by DESIGN. It is designed by politicians FOR politicians. The fact the TEA party mentality produced actual election results is really our only hope with helping those that reside in DC see "the light".

IOW,you agree it's near insurmountable.

Ok, you concede that Cain's plan would raise taxes on what you call the mythical couple, but they are not so mythical, it's virtually all retired folks who don't have a high taxable income. Once retired folks understand this, Cain's on his way out. I want to see him go before it's a choice between Cain and Obama, otherwise, Obama gets a second term. Is that what you want?

Like your hero Cain stated, you surround yourself with the best people in each area. Paul Ryan has a much better plan being it's actually doable and it gets us on the right track to growing the economy and solving the debt problem.

I've been looking to find where Cain lists what his sales tax would exempt, but only found that used items would be exempt. Is there a link the specifics?

Is Paul Ryan running for president? If 999 won't pass then fine, Ryan can get his plan passed in the Cain adminstration so you'll be happy. If you are suggesting (which apparently you are) that retired folks will vote for Obama (because of 999) despite what has happened to their retirement savings, 401's, and home values, (aka the inheritence many planned to leave to their kids) over Cain... well sir.... we just have a different level of confidence in the intelligence of retired Americans. I will admit, you as a retired American (I think you said?) have tempered that faith I have in my fellow Americans one generation up. Very thankful for the greater number of other retired Americans in this thread who have clearly shown a POV devoid of short sightedness or self centered concerns. I'm guessing they'll be voting in November too in larger numbers than the opposing AARP members.

Almost assuredly not. For purposes of this discussion, I'm assuming commonly (sale) taxed items would be subjected to it. Yes I realize it's different by state. In general, if you pay a cashier, I'm assuming it's taxed.

You're obviously not qualified to judge Paul Ryan's plan. You don't even know what numbers to run let along how to come up with the answers. If you knew so much you would have never doubted how Cain's plan would raise taxes on retired people, and knowing that you would have known Cain can't beat Obama.

Keep it up, you're only proving that you really hope Obama wins his second term.

Yep.The way it is now,the 50% who pay taxes could [theoretically] change the deal.

Under 999 , the 1/3 [plus one] who might benefit from the deal could keep it going.Reckon it will be us ordinary folks in the favored 1/3?

You a pretty smart guy,Isaac.

Well,maybe not,you would probably make the cut.

What are these "Empowerment Zones" that he talks about? It says if you live/work in them you get some sort of tax break.

What I read here is a desire for the same old. Keep it up and our grand children will have every right to hate us.

Again I ask. If this is wrong what is the right answer.

Excuse me for interfering with the numbers-crunching , but if 999 is such a good deal , why does Cain have to be president to make it work?