The 999 Plan
+ Reply to Thread
Page 1 of 7 1 2 3 4 ... LastLast
Results 1 to 14 of 87

Thread:
The 999 Plan

  1. #1
    VOTE! RodnJen's Avatar
    Join Date
    Jan 2008
    Location
    Fullerton
    Posts
    2,123

    Default The 999 Plan

    Let me know your thoughts. This link posted from Fox News and their concerns about the idea.

    Cain's 9-9-9 Plan Would Double The Sales Tax For Residents Of Some States, Study Finds | Fox News

    It is no secret that I am not a fan of flat tax or overuse or dependency on sales tax. The idea that in many states you could by paying 18% on the purchase of a car, boat, etc. is scary. It would cripple what is already a delicate economic recovery.

    I understand that the plan is simple on the surface, that's why it is an easy sell, at least at this stage. Do you think the average "supporter" has thought it through? Have you?

  2. Remove Advertisements
    PerformanceBoats.com
    Advertisements
     

  3. #2
    Already miss the 310/562 2manymustangs's Avatar
    Join Date
    Jan 2008
    Posts
    13,551

    Default

    Quote Originally Posted by RodnJen View Post
    Let me know your thoughts. This link posted from Fox News and their concerns about the idea.

    Cain's 9-9-9 Plan Would Double The Sales Tax For Residents Of Some States, Study Finds | Fox News

    It is no secret that I am not a fan of flat tax or overuse or dependency on sales tax. The idea that in many states you could by paying 18% on the purchase of a car, boat, etc. is scary. It would cripple what is already a delicate economic recovery.

    I understand that the plan is simple on the surface, that's why it is an easy sell, at least at this stage. Do you think the average "supporter" has thought it through? Have you?
    I think sales tax in COOK and LAKE county (chitcagoland area) is between 10-12%...

    Where I live it is 8+/-% for most items...
    Last edited by 2manymustangs; 10-14-2011 at 05:24 PM.
    Pat Eason, the voice of reason...

  4. #3
    Senior Member Ms Understood's Avatar
    Join Date
    Feb 2008
    Location
    Murrieta, Ca
    Posts
    8,347

    Default

    I admit that I am not sold on it 100%. On the surface does it sound good? Possibly. At this point a thorough analysis can't be done because all the facts have not been divulged. I don't deny that I think it would crush the poor paying 9% on top of state payroll and local taxes for commodities. I would like to see food and medicine exempt for instance.

    I don't see how anyone can support it 100% or be against it 100% when they don't know what it is 100% at this stage. That said, he has a plan, which is more than what any of the others have vocalized. WAY more than stimulus boy Obummer. Cain has the appeal of not being part of the establishment...not just the Republican establishment.

    Dick Morris explains it a little more here in this video. Competive pressure should drive down pricing on items such as cars and big ticket items. He suggests that the manufacturers, sellers etc....would eat the cost of the 9% because their other taxes would be lower. I don't deny that greed is human nature , but the competivie pressure could keep that at bay. Dick also mentions that the others comments about repealing obamacare and dodd-frank to help the economy are in fact true though...that they only take our economy back to 2008 and it wasn't a healthy economy before that point. So it will take a whole lot more than just repealing those bills. He also talks about how the next lowest tax rate in another nation would be Poland at 18% and that alone would drive people here to do business....including illegals...hip hip hooray ....driving business here is EXCELLENT, encouraging more illegal immigration...not so much....
    My next biggest concern of course would be how we keep it from going to 10-10-10, 11-11-11 so forth and so on.


    999: THE TRUTH – DICK MORRIS TV: LUNCH ALERT! at DickMorris.com



    Never pay again for live sex! | Hot girls doing naughty stuff for free! | Chat for free!


  5. #4
    Senior Member
    Join Date
    May 2008
    Posts
    6,915

    Default

    Profit killing "999" plan ain't going to happen...Read the tea leaves, Tea Baggers!! Notice no big money from corporate interests is pouring into Cain's campaign coffers! Simply without those millions he has no chance of being the Republican nominee ! Enjoy the show.....

  6. #5
    Already miss the 310/562 2manymustangs's Avatar
    Join Date
    Jan 2008
    Posts
    13,551

    Default

    I guess that I dont see the 999 as addressing the real issue which is the Federal budget bulging at the seams...

    I want to see a balanced budget from the FED... There are so many areas that need to be looked into and so much overlap/redundancy... It's sucking us dry...

    I don't see any need to take an immediate action on the tax code, that to me is secondary to the budget/fair trade/the mexican issue... AS well as rolling back Obamacare...

    The REvaluation of Asian currency is a biggie that needs to be tackled head on...
    Pat Eason, the voice of reason...

  7. #6
    Senior Member Boss460's Avatar
    Join Date
    Jul 2009
    Posts
    3,679

    Default

    Quote Originally Posted by 2manymustangs View Post

    I don't see any need to take an immediate action on the tax code, that to me is secondary to the budget/fair trade/the mexican issue... AS well as rolling back Obamacare...

    The REvaluation of Asian currency is a biggie that needs to be tackled head on...
    Because it been ignored for so long. There is definitely a need for immediate action on the tax code and has been for decades. Of obamacare had existed for decades you would be saying the same about it.

  8. #7
    Already miss the 310/562 2manymustangs's Avatar
    Join Date
    Jan 2008
    Posts
    13,551

    Default

    Quote Originally Posted by Boss460 View Post
    Because it been ignored for so long. There is definitely a need for immediate action on the tax code and has been for decades. Of obamacare had existed for decades you would be saying the same about it.
    But is it an issue causing hemorrhaging like the overweight/fat laden federal budget or our trade policy or the issue with the illegals which is costing us hundreds of billions every year???

    Im not saying that it doenst need attention, Im saying that we need to grab the low hanging fruit and get the biggest bang for the buck on where the focus/effort is...
    Pat Eason, the voice of reason...

  9. #8
    Senior Member
    Join Date
    Dec 2007
    Location
    Newbury Park, Ca/Mohave Valley, Az
    Posts
    8,169

    Default 9 9 nine

    I see a better way to implement this 999 program.... 9% income tax for EVERYONE, OK.... 9% Corporate "net" tax, OK, BUT instead of a 9% sales tax, how about a 9% REDUCTION in Federal spending each year for 5 years running..... Exponentially, In 5 years the gov't would be spending about 50% of what they're spending now....
    Ray
    PS I am totally against any additional sales taxes, state, or Federal.....
    LOUD BOATS SAVE LIVES

  10. #9
    gn7
    gn7 is offline
    Senior Member gn7's Avatar
    Join Date
    Jan 2008
    Posts
    25,975

    Default

    Quote Originally Posted by Ms Understood View Post
    I don't deny that I think it would crush the poor paying 9% on top of state payroll and local taxes for commodities. I would like to see food and medicine exempt for instance.

    I don't see how anyone can support it 100% or be against it 100% when they don't know what it is 100% at this stage. That said, he has a plan, which is more than what any of the others have vocalized. WAY more than stimulus boy Obummer. Cain has the appeal of not being part of the establishment...not just the Republican establishment.
    It will never get off the ground if it doesn't exclude food, clothing and medical. Its should include the dropping of fuel tax as well to ease the burden of the poor.

    guys, lets not forget that prior to personal income tax the country ran fine on tariffs, sales tax, and corp tax. Income tax is a relatively new tax, and didn't even exisist till the there was an amedment to the constitution to allow for it, and even then it was federally driven as a cure all to some of the coutries problems. It cured nothing, and created a new problems of its own.



    100% free webcam site! | Awesome chicks and it is absolutely free! | Watch free live sex cam - easy as 1-2-3

  11. #10
    Red Blooded American The Doctor's Avatar
    Join Date
    Jan 2008
    Location
    Peoria, AZ
    Posts
    15,853

    Default

    Everyone here who has a solid grasp of our current tax code in detail please raise computer over your head.

    The plan may seem vague today but, truth be told, prior to income tax being implemented where we paid zero taxes on our income at all, the government was fully funded with a fully equipped military capable of winning world wars, we had zero debt and 100% of our government funding was done with a simple consumption tax, like one of Herman Cain's "9s" proposes. Our middle class eclipsed the living conditions of any other middle class in the entire world and we out-produced every other nation in the entire world by multiples.

    How'd that work so well then and why can't we do it today?
    * We have added over 700 Federal Agencies since the implementation of income tax.
    * We have increased the government workforce exponentially beyond America's basic needs to serve a myriad of special interests at the taxpayer's expense
    * We allowed government workers to unionize. Just who are they suppose to be bargaining against? Now our public sector is paid higher then the private sector as a result of these uncontested union contracts.
    * We give foreign aid to most of the countries in the world despite the fact that so very many of them hate us and we fund very well many who want to kill us.
    * We allow our representatives to set their own wage and benefits packages. Who thought up this one???
    * We fund reparations, programs, grants, research, etc. to the tune of Billion$ that produce little of nothing.
    * We choose to pay entitlements so they become a career rather than a safety net and, as a result we now have our fourth generation of families who have never held a job - but enjoy the labors of the taxpaying workers who get up early and put in 50 years of hard work.
    * This list could go on for hours but the point that the White House is missing these days is that no budget will ever be balanced without HUGE SPENDING CUTS!
    and
    the revision of today's tax code could do nothing but better america, simplify taxation, level the playing field, require all to pay their fair share and stop giant corporations (insert GE here) to continue posting billion$ in profits annually without paying a dime of taxation.
    Not only could this be implemented without a hitch, after spending and government cuts are completed, two of the 9s could be eliminated!
    History doesn't lie!
    The best things in life aren't things!

  12. #11
    Already miss the 310/562 2manymustangs's Avatar
    Join Date
    Jan 2008
    Posts
    13,551

    Default

    Quote Originally Posted by The Doctor View Post
    Everyone here who has a solid grasp of our current tax code in detail please raise computer over your head.

    The plan may seem vague today but, truth be told, prior to income tax being implemented where we paid zero taxes on our income at all, the government was fully funded with a fully equipped military capable of winning world wars, we had zero debt and 100% of our government funding was done with a simple consumption tax, like one of Herman Cain's "9s" proposes. Our middle class eclipsed the living conditions of any other middle class in the entire world and we out-produced every other nation in the entire world by multiples.

    How'd that work so well then and why can't we do it today?
    * We have added over 700 Federal Agencies since the implementation of income tax.
    * We have increased the government workforce exponentially beyond America's basic needs to serve a myriad of special interests at the taxpayer's expense
    * We allowed government workers to unionize. Just who are they suppose to be bargaining against? Now our public sector is paid higher then the private sector as a result of these uncontested union contracts.
    * We give foreign aid to most of the countries in the world despite the fact that so very many of them hate us and we fund very well many who want to kill us.
    * We allow our representatives to set their own wage and benefits packages. Who thought up this one???
    * We fund reparations, programs, grants, research, etc. to the tune of Billion$ that produce little of nothing.
    * We choose to pay entitlements so they become a career rather than a safety net and, as a result we now have our fourth generation of families who have never held a job - but enjoy the labors of the taxpaying workers who get up early and put in 50 years of hard work.
    * This list could go on for hours but the point that the White House is missing these days is that no budget will ever be balanced without HUGE SPENDING CUTS!
    and
    the revision of today's tax code could do nothing but better america, simplify taxation, level the playing field, require all to pay their fair share and stop giant corporations (insert GE here) to continue posting billion$ in profits annually without paying a dime of taxation.
    Not only could this be implemented without a hitch, after spending and government cuts are completed, two of the 9s could be eliminated!
    History doesn't lie!
    I agree with you AND Bob and Ray too... If we just shift the % around to make everything a little clearer and easier to calculate but using flat 9% doesn’t really address the core issue and that is the hugely overweight federal budget...

    I would be happy with an across the board 2% every year reduction in the Federal budget, that is better than going UP 10 or 15 or 20 % year over year... OR 100% in the case of Obajamie...

    Doc/Bob, please keep in mind that in the days of NO tax and only getting by on tariffs we weren't the worlds police with stealth bombers, five navy's, military bases on multiple countries on on EVERY continent... You watch, we are going to end up with a permanent presence on the continent of Africa, and we probably should have a biggie there rather than Germany or Japan or Guam...

    We also weren’t funding an international space station to the tune of 25 BILLION per year with the nasa budget...

    We don’t even know and never will know how many billions the NSA/CIA/FBI/Homeland Security cost us each year with all of it's tentacles... Federal court system, federal penal systems... I wonder which budget the $$$ for GITMO comes from and how much it costs???

    The TAX CODE does need to be cleaned up for sure, no question about it... BUT the biggest benefit that I see from doing that is to trim down OR automate 85-95% of the IRS...

    I work on software systems that manage your cell phone account/cable tv plan/special bill promotions/sub accounts(kids phone, #, and plans)/data-text-voice utilization/all utilization/wallpaper charges for phones/phone themes/special content purchase/ special pay per view on cable-Uverse/account overage/rolling account debits or credits/roll over minutes/special monthly and annual credits/employer discounts/parent account billing and credit info and this is done for multiple service providers in 52 countries... Virtually every landline and cellular and cable provider around the globe is running through the same basic software... And the statments click off monthly like clockwork with as much or as little detail as you want to include in the statements...

    There is NO reason that our IRS cant be highly automated with little or no error... Streamlining our tax codes would just make it easier to set up initially...
    Pat Eason, the voice of reason...

  13. #12
    Senior Member
    Join Date
    Dec 2007
    Location
    Newbury Park, Ca/Mohave Valley, Az
    Posts
    8,169

    Default Agreed, but....

    It has always struck me as strange when WE tell/show the IRS what we owe, or don't owe. Wouldn't it be great if we could do the same thing with our utility bills, rent, groceries?... "Well, yeah, I know what you want to charge me, but this is what I figure I'll pay you"... We need a system that dictates our tax liability, period. Do not pass go, do not collect $200., just pay THIS amount based on what you have earned, and pay it NOW, or suffer huge penalties.... BUT, more than anything, the Feds need to be held accountable as to where that money is spent, and Cowboy Poetry museums would be removed from that list!!!

    Ray
    LOUD BOATS SAVE LIVES

  14. #13
    LP-25.com Infomaniac's Avatar
    Join Date
    Dec 2007
    Location
    New Port Richey, FL
    Posts
    16,857

    Default

    Isn't 999 the cost of a pizza? LMAO I nearly snotted out my nose when I heard that.

    I'm pretty sure he would address the overspending aggressively if he were elected. I really am impressed with him and always have been. Only time will tell if he is electable or not.

    I'm curious how to police a Fed sales tax. Right now businesses report to the State the taxes they have collected. No real system of checks and balances to ensure it's accurate.
    If For Some Reason I Do Something Worthy Of Recognition. God Provided The Ability And Deserves The Credit.


    QE 439 Twin Turbo

  15. #14
    Senior Member AzMandella's Avatar
    Join Date
    Dec 2007
    Location
    Tucson,Az
    Posts
    5,217

    Default

    Quote Originally Posted by RodnJen View Post
    Let me know your thoughts. This link posted from Fox News and their concerns about the idea.

    Cain's 9-9-9 Plan Would Double The Sales Tax For Residents Of Some States, Study Finds | Fox News

    It is no secret that I am not a fan of flat tax or overuse or dependency on sales tax. The idea that in many states you could by paying 18% on the purchase of a car, boat, etc. is scary. It would cripple what is already a delicate economic recovery.

    I understand that the plan is simple on the surface, that's why it is an easy sell, at least at this stage. Do you think the average "supporter" has thought it through? Have you?
    This is where people like you just don't get it. If the fed tax code is removed and the 999 is implemented than at the very least people will pay 9% sales tax. If you have a job you will pay 9% income tax and 9% sales tax. That would be 18% if you spent every penny of your paycheck. And if you have a business you would pay another 9% making the highest tax bracket 27%. Just think how many under the table people would have to atleast pay 9% that are now paying nothing. You would have a maximum 18% of federal tax's. Once again that is if you spent every penny you made. So in essence those that save money will pay less I'll bet that is lower than what you are paying now. NOBODY can get away without paying tax's. They estimate the under the table pay in this country is over a trillion a year. And just think about all the money saved by the Gov(IRS) not having to do tax returns as there is no loopholes or deductions. A flat tax or a consumption tax is the fairest way to go. But I'm sure you don't like it as you would rather force others to pay more than thier fair share so you can pay less than thier fair share.
    If you voted for Obama to prove you were not racist, then you better find someone else to vote for to prove your not stupid.

+ Reply to Thread
Page 1 of 7 1 2 3 4 ... LastLast

Quick Reply Quick Reply

Register Now

Please enter the name by which you would like to log-in and be known on this site.

Please enter a password for your user account. Note that passwords are case-sensitive.

Please enter a valid email address for yourself.

Please select your insurance company (Optional)

Log-in

Tags for this Thread

Digg This Thread

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
  •  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95