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actually Ron Paul wants to abolish the IRS and do away with payroll tax entirely, so Cain isn't the only candidate who wants to revamp the tax code

Cain was just on Huckabee. Under 999, social security taxes have already been paid by the retiree during their working years. SS would not be taxed under the plan.

Close to 500 messages on this subject!

This shows the interest in Herman Cain and his proposals!!!

As they shouldn't be....But a certain retiree that has been active in this thread is acting like everyone over 62 should not be expected to participate in this problem solving process, including having to participate in a 9% sales tax. He's acting like he should be served by the young and the successful, after all...he is retired from the IRS.

at a staggering $14,928 a year and $8400 deduction for mortgage interest I ain't likely to have a huge tax bill this year as it is.

If Cane still had 9% sales tax I would be happy to pay my share. Bring it on and lets get spending under control. If we do nothing we will be buried in debt beyond rescue.

I haven't taken the time to read through 10 pages but I'd love to only have to pay 9% on what I earn. It's better than the current 30%+.

I doubt it will ever happen or that Cain will even win the nomination but it sounds good if nothing else, I haven't taken the time to study his plan in detail.

I think this country would have plenty of money if everyone paid their 10% and nothing more or less. The Lord doesn't require more than 10% why does the gov't?

Either you are not very good at math or you DO NOT plan on spending a dime of your income.

Getting taxed ANOTHER 9% on everything you buy sort of blows a hole in your 10% theory....

Just a quick opinion.
I'm in favor of something different. Across the board is OK with me. But to make provision for poverty level folks is a no go. I'm sorry but there are to many 'poverty' level folks who eat out at McDonald's several times/week, have the entire top of the line cable package, full service cell phone with 4g phone, etc.....IMOP the new plan should not exempt someone classified as poverty level.

I'd like to know where you got that information and if true, just how the hell they do it. I can't afford any of those luxuries and last I knew I make well over poverty level wages.

As I understand it, I think the issue is they'll have to pay 9% federal sales tax when they spend that SS check. That will be a
$800 - $1800 tax increase per year for folks on fixed incomes.

Damn right they even want to get back to taxing you for dying.

The best predictor of someone being wealthy is their parents being wealthy. That pattern persists for four to six generations. This is true even with the current inheritance tax on estates of more than 5 million dollars.

Historically, the concentration of wealth in the hands of the few leads to the oppression of the many, which has been the justification for the inheritance tax.

In the past it was conservatives who used hard learned lessons of the past to govern the future, but many conservatives have lost their way even to the point of supporting huge and unproven structural changes to the tax code. Such political recklessness has been the hallmark of liberals. "When I see a bird that walks like a duck and swims like a duck and quacks like a duck, I call that bird a duck." -- James Whitcomb Riley Cain is no conservative in the traditional sense of that word, and thus, he�s another RINO.

The problem is that the tax environments of the late 19th and very early 20th centuries did not concentrate wealth in the hands of few. It was a time of great prosperity for many. Other than that, I like what you say...oh ....wait....I just discounted a lot of what you said. My bad.

Originally Posted By: ewilliams
I'm sorry but there are to many 'poverty' level folks who eat out at McDonald's several times/week, have the entire top of the line cable package, full service cell phone with 4g phone, etc...


I'd like to know where you got that information and if true, just how the hell they do it. I can't afford any of those luxuries and last I knew I make well over poverty level wages.

Info: When you work in public service you see alot of things that other folks do not. Try figuring out how someone who is indigent gets free dental, medical etc...while carrying more than one cell phone and ordering out several times a week.

OK, so no 9% income tax on SS, but there's still a 9% sales tax on that money. Same for savings, which the income tax has also been paid on, and then there's the Roth IRA, U.S. saving bonds, and tax free municipal bonds.

Maybe Cain's plan is to require retired and poor people wear a six pointed star on their clothing to exempt them from the sales tax.

Along similar lines, no one makes a lot of money apart from the work and sacrifice of others. Case in point is Steve Jobs. It's apparent that much of his success is built on the work of Dennis Ritchie. Even the graphical user interface and mouse were ideas or confirmation of ideas Jobs got from his visit to Xerox's Palo Alto Research Center in the late 1970s. Would Jobs have made billions if not for the invention of the microprocessor by Intel, the ideas developed by Xerox at Palo Alto, or the work of Dennis Ritchie? Probably not. The progressive income tax system, called for by Republican president Theodore Roosevelt, is how society recoups its investments in human capital, infrastructure and the political system from those who prosper most from those investments.

If we are going to implement a flat income tax system then we should also implement an "after the fact" patent system that allows people like Dennis Ritchie to collect royalties from those who subsequently benefit from their work.

Marxist whining.

I see Mac the Great is still expounding on his socialist soapbox.
He sounds like Elizabeth Warren more and more. You know, the socialist professor running against Scott Brown. Her most memorable quote to date is: "There is nobody who got rich in this Country on his own..." She worships at the shrine of the collective.

As for Jobs, if he had infringement issues, where were the lawsuits?

Mac the Great has a good connection from his "occupy polar orbit" protest site.

Actually, you are the first one I've seen bring that important fact up. My parents are in their mid- 60's and still work, and are successful, and have paid into the system for decades. That being said, when I hear some of that generation talk about everything that is owed to them, I cringe. They are the ones who elected the idiots that made all of these terrible decisions on health care, immigration, etc. Turns out it was a bad investment (electing them) and therefore may not result in a good return.

Gary Robbins is credited with scoring Cain 9-9-9 plan - and is referenced on Cain's website.

He is quoted as saying while he believe the plan is revenue neutral, it is not a plan he would have selected, nor does he believe America will accept it. He also said its more of a theory than a solution.


Cain , as I suspected, has already started making amendments to his flat tax by saying sale of existing homes and used cars will be tax exempt, allowing charitable deductions and a break for companies buying U.S. made goods. When asked what constituted a U.S. made good (actually when given an example) Cain's response was "I have no idea"

not exactly the confidence instilling actions of radical tax reform I think is necessary.