The only graph you need to see to understand Cain's 9-9-9 plan

All you need is this :



Still support Cain? I didn't think so.

And just as a side one, why the hell is the republican party is thinking about putting another ``Cain`` as nominee?

McCain wasn't enough of a bad choice?

ya, over 80% of the american population would end up paying more,
mainly to pay for the mess some of that other 20% made with their wall street gambling con game....
and of course, the profits from that gambling is left close to being tax free!!!

but, oh, we don't have to pay tax on used items anymore...which is helpful maybe if you need a car, but well, ever tried eating used food?????

oh well, at least we wouldn't be taxed for breathing in all that "used" gas!!!

Looks like Cain and Romney are already caught stealing money from their own campaign contributions for their own pockets according to RT

Cain and Romney caught in campaign cas scandle

That's a pretty shocking graph, especially the last column. I just kept scrolling and scrolling to get to the bottom.

I certainly don't want an additional 9% sales tax on everything, on top of state sales tax, gas tax, tobacco and alcohol tax, ad nausea. We are taxed heavily enough already.

This is just a gimmick, and I hope it never comes to pass. I much prefer Ron Paul's ideas on taxation.

What does this have to do with pizza?
I thought I'd get 3 pies for $9.

I like Pauls plan more.

Herman Cain is right, he is a problem solver

Now everyone knows voting for him is a bad idea


problem solved !

If a tax plan like this passes there will be riots and a mass uprising.

No way can you increase the tax burden on those struggling and not expect some type of payback.

Cain is absolutely insane and it's a shame that many people who support this plan are the same ones who would be hurt the most by it.

Crazy.

The graph is incorrect. It assumes high income people actually pay taxes under the current system at the statutory rates. By and large, many high income people pay little or no tax because of deductions and various sophisticated tax strategies. Forcing those people to pay a flat tax without all the loopholes and the sales tax will actually cause many such people to pay far more tax than they currently do. The real losers under Cain's plan are all the tax attorneys, tax accountants, and their lobbyists who have tried to help wealthy people navigate the current tax system and avoid paying income tax.

reply to post by David9176


I would say brace ourselves for massive tax increases in 2013, AFTER the 2012 elections.

Neither party will pass big tax legislations now.

With practically every municipality going broke, the fed gov will bail out every state.

The states will raise sales taxes.

Cain's plan is only the smokescreen for now.

Watch for a "value added" tax on all merchandise.....20%

That's the easiest way for the politicians to continue their looting.

Raising taxes on "the rich" can't cover the "corruption expenses", it's not enough.

Lookie HERE:

VAT basics for consumers

VAT (Value Added Tax) is a tax that you pay when you buy goods and services in the EU (European Union), including the UK. If you have to pay VAT on something, it will normally be included in the price you see.

Standard rate

You pay VAT on most goods and services in the UK at the standard rate.

The standard rate of VAT increased to 20 per cent on 4 January 2011 but was 17.5 per cent for the period 1 January 2010 to 3 January 2011.


Reduced rate

In some cases, for example children's car seats and gas and electricity for your home, you pay a reduced rate of 5 per cent.


Zero rate

There are some goods on which you don't pay any VAT, like:

•most food items
•books, newspapers and magazines
•children's clothes
•some goods provided in special circumstances - for example, equipment for disabled people

Get Ready !

wow.. poor man like me have to pay extra $1,500 hmmm seems fair to me

Crazy!

My in-laws are fairly wealthy, and I am often shocked at the things they write-off on taxes. My FIL is a businessman who takes his children and their families on luxury vacations under the guise of "entertaining clients". I benefit from this too, but my hubby and I have had the discussion about how we pay for it in the long run by actually being his clients and then by paying our share of taxes. I think it is wrong, but my husband is so used to it, it's normal for him. When he was a kid, his dad had him on his payroll for mowing his grass. Truthfully, I'm tired of playing by the rules when it's obvious that if you do, you are screwed.

Wikipedia outlines some other countries VAT.

en.wikipedia.org...


Here is something about China's

www.bjreview.com.cn...


Get ready for this.........we will see it in 2013.

reply to post by xuenchen


The VAT tax is BS.

It's not going to do anything to help our economy or small businesses....it's gonig to make it worse. The only way to fix this mess is to tax NON AMERICAN MADE GOODS.

If it's not made in the USA....then I believe we should throw a tax on it.

Watch as the jobs flow back in as companies are forced to move back into the us and employ americans, because the consumers themselves will pay for the lower cost american made item.

IMO, it's one of the few ways to fix this mess.

Everyone cries...OMG...but this will start a trade war!

BULL. We are in a trade war....we are always in a trade war...and right now we are LOSING OUR ASSES!

reply to post by easynow


What a Crock!
Herman Cain's plan makes everyone pay equally.. Everyone. When 50% of the population pays no taxes as is the case now. Then the other 50% a paying for the 50% that aren't paying..Who do you think is paying taxes?

Middle class America is paying some and the $200,000 a year and up pay the most. Why is that so hard for people to understand? Wealthy people pay the most No one likes paying taxes. We do because we have to.

What is most disturbing is from the course of this discussion, most here think that the "rich" should pay more because they make more. Brainwashed, ignorant, socialist, group here. Of course I am only talking about the people who want me to pay more than you--because you think I can afford it and don't need it. If I was rich, that is.

I THINK AMERICA --THE GREAT DREAM-- IS IN REAL TROUBLE

Originally posted by David9176
reply to post by xuenchen

 

The VAT tax is BS.

It's not going to do anything to help our economy or small businesses....it's gonig to make it worse. The only way to fix this mess is to tax NON AMERICAN MADE GOODS.

If it's not made in the USA....then I believe we should throw a tax on it.

Watch as the jobs flow back in as companies are forced to move back into the us and employ americans, because the consumers themselves will pay for the lower cost american made item.

IMO, it's one of the few ways to fix this mess.

Everyone cries...OMG...but this will start a trade war!

BULL. We are in a trade war....we are always in a trade war...and right now we are LOSING OUR ASSES!

I agree 100%

but WE don't get to decide (yet!)

big business is running the political arena.

look at all legislation passed with Obama as POTUS.

Almost nothing in the laws is helping the majority of Americans, in fact it is all negative impact.

It only helps selected small groups that make money for corporations and inside thieves.


the 111th Congress did the most damage.

try to find something they did that actually helped the majority.....

en.wikipedia.org...

I like Herman Cain... I like his straightforward approach, his (apparent) honesty, his commonsense views on racism, abortion, etc. But I do not like this 9-9-9 plan.

I believe the graph is incorrect based on how Cain has laid out his plan. The idea is that existing taxes which the average citizen never sees, such as taxes on certain business operations, will be removed completely and replaced by a 9% excise tax. The problem I see with this is that these taxes are passed on by businesses to consumers who never see them directly. If the taxes are removed, the first instinct will be to maintain prices to help the profitability of the company, not to pass the savings through to the consumer. So as far as the consumer will see, this will be an additional tax; the government will receive no additional revenue; the businesses affected will profit (although this could lead to some job growth).

But Cain has forgotten one even more worrisome problem with this plan. Even if it passed as he has written it, even if it works the way he foresees, even if the tax reductions are passed through to the people... when was the last time we saw Congress remove a tax once implemented? When was the last time we saw a tax rate actually reduced on a permanent basis?

Who is to promise that in 2025, the tax rate will not have grown from 9-9-9 to 90-90-90?

As I said, I still like Cain, but I do not like this tax plan. My one hope if we do get Cain in office is that Congress will remain so inept and unproductive that it will never pass. Con is the opposite of Pro, so Congress is by definition the opposite of Progress.

What is really worrisome is that the above could be considered a benefit.

TheRedneck

reply to post by TheRedneck


How can you like Cain, being pro federal reserve and ANTI-audit of the federal reserve?

He was a director at Aquila when it faced a scandal that mimics Enron, manipulating stock, screwing employees and paying 30 MILLION bonuses to the executives?

reply to post by Vitchilo


Link for that graph?

reply to post by dawnstar


Well, remember the same people who cheer for Cain are, by and large, the people who stapled teabags to their heads and protested a tax policy that reduced their taxes, and protested a health plan that would improve their coverage, all while claiming the guy behind giving them a hand was a genocidal racist Kenyan Muslim Marxist.

But the income threshold for this exclusive group changes every year, largely with the performance of the stock market, experts said.

In 2007, when times were good on Wall Street, one needed to have an adjusted gross income of more than $424,000 to get into the highest rank. But the stock market decline in recent years has helped lower that bar back to a level not seen since 2002.

"The further up you go, the wider swings you see," said Pete Sepp, spokesman for the National Taxpayers Union. "They have a great deal of wealth sunk into the markets, which can vary quite widely."

While much of the wealthy's income comes from capital gains on investments, bonuses on the job can also give people the needed boost.

globalpublicsquare.blogs.cnn.com/2011/10/20/who-are-the-one-percent/

the top earners use their money, to make money!!! in early times this would have been considered parasitic behavior, there's nothing produced of value to the society. the 9 9 9 plan, as it stands now, would make all that money that they've made not taxable!!! and since the money seems to make it's way up to the top and they seem to be holding more and more of it, well, more and more money it taken out of the general tax pool...
but of course, they want their wars paid for, their bailouts and on and on!!! less money in the tax pool, bigger and bigger budgets for the gov'ts, well, that means the rest of us have to work harder to lay claim to what little money they decide to leave for us, and higher taxes to be paid!!!!

they don't give a darn about small business owners, or the workers, or much of anything else...


they want their capital gains tax free is all!!! that's why they'd prefer to let grandma starve, and servicemen and women to go without pay while they cling to bush's tax cuts!!!