Herman Cain
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moreluck
golden ticket member
Weiner Whizzes at Woods
Hot Dog launched at Horn Dog.
First of all KLEIN, Im not thinking about me....just...I have six grandchildren, and 2 sons who are doing just fine. I want them to have the same opportunities we have had. The way the country is going they will not.
As for the elementary points you felt it necessary to point out, yes I know what gross income is..I do not need you to tell me. And believe it or not, I have made it to the ripe old age I am at, and all without your input!
Im still here and not ready just yet to fall off the edge. Not just yet. So while I see I will still pay taxes, I am ready for the fair tax, have been for years. I would rather pay on consumption, than extortion. So while I appreciate you are trying to help, its water under the bridge son, been there read that.
As for the elementary points you felt it necessary to point out, yes I know what gross income is..I do not need you to tell me. And believe it or not, I have made it to the ripe old age I am at, and all without your input!
Im still here and not ready just yet to fall off the edge. Not just yet. So while I see I will still pay taxes, I am ready for the fair tax, have been for years. I would rather pay on consumption, than extortion. So while I appreciate you are trying to help, its water under the bridge son, been there read that.
moreluck
golden ticket member
Gee, they should save Candy Crawley for just the Chris Christie interviews........Here she is with Cain
http://www.youtube.com/watch?feature=player_embedded&v=1adbUcE7YHY
You have to admire Cain’s refusal to massage terms or give mealy-mouthed answers. He uses precise language, he’s direct, and he’s to the point.
http://www.youtube.com/watch?feature=player_embedded&v=1adbUcE7YHY
You have to admire Cain’s refusal to massage terms or give mealy-mouthed answers. He uses precise language, he’s direct, and he’s to the point.
brett636
Well-Known Member
Unless Cain's campaign has a meltdown between now and when the primaries start I don't see how he can't win the nomination. His problem has been that although he was well liked among those who knew him, he had few who really knew him at all. Now he is getting all kinds of publicity pushing him up in the polls getting him more attention all going back to his big win in the FL straw poll. Both Cain and Gingrich both are rising in recent polling and both candidates have a high degree of respect for one another. I just don't see Gingrich's campaign making headway enough to be a front runner, but what will happen is Gingrich will endorse Cain when he drops out. Considering both candidates have more support combined than any other single candidate that should be the push necessary to put Cain on a solid path to the nomination.
UnconTROLLed
perfection
To say the poor aren't affected by the "999" plan is just complete ignorance or misunderstanding.
How can someone who is low income, who was paying a lower sales tax as it is ( say 4%) - now upped to 9% - losing 5% of their money on ALL ITEMS PURCHASED relative to before - food, clothing etc etc...
How is that a good thing? Do you think the poor can afford higher taxes, such as this one example?
Or a 9% tax when they were paying 0% federal tax before?
This whole plan smells like a shakedown of the poor, and the money is funneled right up to the wealthy . Without any real meat and potatoes, we can assume that is the premise and backbone.
How can someone who is low income, who was paying a lower sales tax as it is ( say 4%) - now upped to 9% - losing 5% of their money on ALL ITEMS PURCHASED relative to before - food, clothing etc etc...
How is that a good thing? Do you think the poor can afford higher taxes, such as this one example?
Or a 9% tax when they were paying 0% federal tax before?
This whole plan smells like a shakedown of the poor, and the money is funneled right up to the wealthy . Without any real meat and potatoes, we can assume that is the premise and backbone.
I do understand sleeve meet heart, that you do not like this plan or this candidate. I will not stoop to the level of calling you ignorant or incapable of understanding. I think you simply have a different point of view. You do not understand mine, I do not understand yours.
1> They do not pay zero now, they pay between 13-15%, in the next yr they get it all back, thats when they pay zero. If you had ever been poor you would know that, its called the working poor. So for them I feel it will be better, they will only pay 9 on what they buy new. The poor arent really out there buying big screen TVS, etc, ( not the working poor).
minimum wage job, 400 a week, presently has about 80 taken away for fica, medicare,ss. Leaving them 320 for the week pretty tough.
same with the 9/9/9 400.00 - 9%=36
leaves them with 364.00, a little better, even if they now need to spend 150.00 on food and gas, thats another 13.50 in tax. And then they will get their prebate on the taxes they paid if they are under a certain income, so they will get it all back in one month not one yr.
Last edited:
UpstateNYUPSer(Ret)
Well-Known Member
The poor may not buy their big screens outright but they do rent them by the week. Did you ever notice that all of the rent-to-own stores like to set up shop next to military bases? When I was active duty our next door neighbors did the rent-to-own thing on a washer and dryer pair. They ended up spending just over $2K for a set that may have retailed for $700.
I like the Fair Tax. Like Tooner, I am not a huge consumer of goods, so this would benefit me on a personal level. I would take the $400 or so that I currently pay in taxes and put it all in to my 401k. I like the idea of the prebate. Unfortunately, we have been talking about the Fair Tax since 1999 and it is no closer to becoming reality.
I like the Fair Tax. Like Tooner, I am not a huge consumer of goods, so this would benefit me on a personal level. I would take the $400 or so that I currently pay in taxes and put it all in to my 401k. I like the idea of the prebate. Unfortunately, we have been talking about the Fair Tax since 1999 and it is no closer to becoming reality.
trplnkl
555
We may be closer to a serious debate into some sort of "fair tax" than ever before. I can assure you that if Cain gets the nomination the numbers will begin to fly.
UnconTROLLed
perfection
Tooner,
I was speaking of the 47% of Americans who pay nothing for Federal and also the fact that most every state, except a few, will significantly increase their sales taxes.
UpstateNYUPSer(Ret)
Well-Known Member
The 47% do not pay nothing--they have to pay in just like everyone else--they just get all of it back (and more) the following year.
You do realize that under 9-9-9 or Fairtax you will no longer have a 401k, nor will you be able to right off the interest on your mortgage.
Last year my effective tax rate on income was 9.58% after factoring in all my tax breaks, even though my top marginal rate was 25%. Cain's plan would drop that to 9% but that drop would be more than offset by the 9% national sales tax, which would cost me close to another $1000.00 per year just on groceries. I would have paid more in taxes last year under 9-9-9 and my tax situation isn't that unusual.
UnconTROLLed
perfection
Well some don't have the income to "pay in"...others do but fall under the lower-middle income (family of four near or under 50k), so the net result is same
My point was, does the 9-9-9 simplify the tax code and reduce deductions therefore the 47% will be paying more? Any proof it does not?
trplnkl
555
Personally I still want to see more of the analysis of the 999 plan stages.
As far as simplifying, even if there are a hundred exceptions made, that would be simplifying from what we have now. The present tax code is so dense, complicated and ever changing that universities across the country have degree plans to teach lawyers to decipher the mess.
trplnkl
555
Oh thank you so much wienie sage...I never considered searching for articles on the internet.
moreluck
golden ticket member
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99
This is why people need to learn and not listen to talking points. People are thinking that they will get a 9% flat tax and keep their mortgage deduction and that aint happening. So, for instance, if you are deducting 25K every year for mortgage interest and taking your taxable income from 90K to 65K, then you pay tax on 65K, under CAINS plan, you will pay 9% on 90K without exception.
Other deductions would be eliminated and I believe only charitable deductions would remain.
Experts are saying Cains plan could eventually go back to 20% over the years as the deficit increases under the 999 plan.
Peace.
This is why people need to learn and not listen to talking points. People are thinking that they will get a 9% flat tax and keep their mortgage deduction and that aint happening. So, for instance, if you are deducting 25K every year for mortgage interest and taking your taxable income from 90K to 65K, then you pay tax on 65K, under CAINS plan, you will pay 9% on 90K without exception.
Other deductions would be eliminated and I believe only charitable deductions would remain.
Experts are saying Cains plan could eventually go back to 20% over the years as the deficit increases under the 999 plan.
Peace.
wkmac
Well-Known Member
When I heard the 999 plan was revenue neutral, that's all I had to hear to understand there are "devils in the details!" (Good example Jones)
Same is true of the FairTax (Revenue Neutral) of which Cain supported when on the radio but being on the same home station as Neal Boortz, was that a position not out of principle but one of gaining Boortz listeners on Cain's nighttime slot? If the plan was so good, why abandon it for another tax plan?
Cain is a pitchman and no argument he is good and can energize a crowd no different from a good Sunday morning preacher amping up a crowd for an alter call. Cain has a good preacher's cadence but that doesn't make him someone I want to put into a position that can force me what to do while holding a gun to my head!
Same is true of the FairTax (Revenue Neutral) of which Cain supported when on the radio but being on the same home station as Neal Boortz, was that a position not out of principle but one of gaining Boortz listeners on Cain's nighttime slot? If the plan was so good, why abandon it for another tax plan?
Cain is a pitchman and no argument he is good and can energize a crowd no different from a good Sunday morning preacher amping up a crowd for an alter call. Cain has a good preacher's cadence but that doesn't make him someone I want to put into a position that can force me what to do while holding a gun to my head!
