It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
I still like the progressive tax system. We could work with a 5, 10, and 25% income tax system, and just extend those rates to businesses and do the same thing with capital gains. It would be a great system. There is no need to create a national sales tax, unless it was really small - like 1-2%, and was only used to pay down the national debt.
Understand your concern but think of this: Right now almost half of Americans pay no income tax, so it is very easy for them to vote for the big spending programs. Put in a sales tax to make everyone pay their share, and make the cost of those big programs very very visible every single day, and you might find people voting differently. Also the sales tax catches people who will never pay income tax.... criminals, illegal aliens etc. 1 Recommendat
I like the plan as long as there are no deductions for anyone. In addition they need to remove a lot of the entitlements from Social Security, as in the person I know that has never worked because she has a nervous condition, but receives Social Security and always has, but has never worked. But if not, guess I could go on SS, I have a condition called liberalidous - it is caused from having to listen to liberals (I would have said stupid liberals, but that is an oxymoron).
I give Cain credit for thinking outside the box of the current tax code. I have not seen any serious budget analysis of his proposal and there are many details that are not known at this point. I question whether in the short term budget deficits would actually increase under his plan. You can argue dynamic scoring all you want but if we keep running Obama-style budget deficits ($1 trillion +) then we are in big trouble. Plus, once you institute a national sales tax of any type, it will NEVER go away and will simply be a tool to increase taxes more in the future by tax and spend politicians. Repeal the income tax first and then we'll talk. The bigger issue is spending, and I've not heard Mr. Cain provide any real discussion of what he would propose to solve that problem. What would he do about military spending, Social Security, Medicare, unemployment insurance, and other welfare? Mr. Cain is an interesting candidate and a compelling debater, but we all know now that there is no messiah that is going to fix our problems without a lot of pain.
Sounds good if you don't do the math. I'd pay 9%+9%= 18% to the feds. 4% Mi. state tax + 6% sales tax. That's 28% plus property tax, gas tax, toll roads, fishing license,off road vehicle sticker, boat sticker, trailer plates, car plates, state park sticker, county park sticker, beer tax, tobacco tax, excise tax, oil and tire disposal fees etc. etc. etc. I'm guessing on my income that it would wind up about 42% and Cain he thinks 35% is insanely high ????
a woman from Texas. “It is kind of appealing that he is not in politics,” noted another female from Texas. “I have to be personally honest: I rely a lot on talk-show hosts, people I listen to and respect -- and they respect him. Rush Limbaugh, listen an hour a day,” said a female from Washington.
-pollsters conducted follow-up interviews with Cain supporters and found two typical answers: 1) he’s not a politician, and 2) he’s real. “Cain is a good guy and so real,” said a male respondent from New Jersey. “Cain gives direct answers. He is succinct. He isn’t a politician,” added a male respondent from Washington. “He is plain-spoken and down to Earth,”
Originally posted by amaster
reply to post by Fitch303
But if EVERYONE pays 9% then the Ultra Rich would be paying more.
If you make $10,000 a year at 9% you pay $900.00
If you make $1,000,000 a year at 9% you pay $90,000
Thats more! Why shoud the rich be penalized for making more money than you?
Originally posted by Blaine91555
reply to post by Agent_USA_Supporter
Educate me by explaining your comments and criticisms of the plan? In detail please? Please don't leave out the fact it would eliminate the 15.1% payroll tax that the working poor pay now. I'd think that is relevant also. I've noticed those engaging in knee jerk reactions without bothering to understand it so far have tried to ignore that item. Beyond that I've had no chance to consider it fully.
I've not had time to review it fully and in context and since you have I'd be interested in what you found. Any links to a full breakdown?
Are not so called "Sheep" those who spout what their Party tells them without actually bothering to research the facts?
Originally posted by Fitch303
I think the progressive tax system works but needs a major overhaul. I want the ultra rich to pay more and I want EVERYONE to have to pay something. I'm tired of hearing about people not having to pay any income tax, If were going to ask the wealthy in this country to pay more I think it's only fair to ask the bottom tier to have to pay more than 0. I also like the lowering of corporate taxes just not to 9%. I would support a "debt" tax that goes directly into paying off the national debt.
Originally posted by amaster
So rather than just bash Hermain Cain and his supporters, why don't you give some soild reasons for why you dislike his proposed policies?
Originally posted by TinfoilTP
He's a man with a plan, nobody else has one.
He's not a man with a racist backgound like Ron Paul with his Newsletters.
He doesn't hate America and think we should apologize and hide in a shell towards the world.
He doesn't want to decimate our millitary
He doesn't have an annoying voice with a creepy cadence
He don't have wierdo 9/11 truthers and guy fawkes masked criminals lurking in the background of his campaign.
He's a man with executive experience not a lifetime politician
The list could go on and on of what he has going for him in comparison to Ron Paul.
Don't take my word for it, look at his mega ownage in the polls.
At this point he even wiped out Paul's chances to run as third party because it would just be an unbelievable joke.
He's not a man with a racist backgound like Ron Paul with his Newsletters.
He doesn't hate America and think we should apologize and hide in a shell towards the world.
He doesn't want to decimate our millitary
He's a man with a plan, nobody else has one.
Originally posted by TinfoilTP
Originally posted by Blaine91555
reply to post by Agent_USA_Supporter
Educate me by explaining your comments and criticisms of the plan? In detail please? Please don't leave out the fact it would eliminate the 15.1% payroll tax that the working poor pay now. I'd think that is relevant also. I've noticed those engaging in knee jerk reactions without bothering to understand it so far have tried to ignore that item. Beyond that I've had no chance to consider it fully.
I've not had time to review it fully and in context and since you have I'd be interested in what you found. Any links to a full breakdown?
Are not so called "Sheep" those who spout what their Party tells them without actually bothering to research the facts?
He's a Canadian and can't vote here anyways.
Just saying because I hate to see a sound minded person wasting their time.