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10-07-2011, 11:04 AM
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#1 |
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AMA Supersport
Join Date: Nov 2008
Location: Richmond, Tx
Moto: '10 Tuono Factory
Posts: 4,569
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H Cain 9-9-9
if you haven't heard
9% corp tax 9% income tax 9% fed. sales tax "Cain, in his Wall Street Journal opinion piece, said the plan was designed to be revenue-neutral initially but that revenues would increase as the economy grows" opinions?
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ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD. |
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10-07-2011, 11:44 AM
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#2 | ||
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Serious Business
Join Date: Nov 2008
Location: New York
Moto: 1993 ZX-11 2008 CBR1000rr
Posts: 9,723
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Quote:
My state taxes would likely go up my effective overall tax rate would go up. Lets add in that state sales tax is already 8.25...add on federal and now I'm paying 17.25% on everything I buy (food, clothing,fuel...vehicles). Inflation...yeah that would suck. Cost of goods and services would rise. supply chain would in plenty of industries would have to be revamped. Also, I would lose out on all the little stuff like pre tax 401k, commuter, health accounts. No more tax breaks for home ownership or dependents. I can think of a bunch of other reasons why it would suck.
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10-07-2011, 02:49 PM
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#3 |
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Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
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Slick-sounding marketing pitch
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10-07-2011, 05:21 PM
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#4 |
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Kneedragger
Join Date: May 2011
Location: Florida
Moto: CBR 1000RR
Posts: 230
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It would work
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10-07-2011, 05:39 PM
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#5 |
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I give Squids a bad name
Join Date: Mar 2008
Location: Fly Over State
Moto: 1996 CBR600 F3 (AKA the Flying Turd)
Posts: 4,742
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I'm suprised Herman Cain has a plan like this. I've heard Cain for years on local talk radio and he is a huge supporter of a consumption tax/Fair Tax. Maybe this is like a middle ground for him.
Don't know much about this plan but I'll take just about anything over our current tax system.
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 lifts - R.I.P.
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10-07-2011, 06:22 PM
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#6 |
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Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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It would absolutely cripple the economy...
People aren't going to do the math... Even if it worked in their favor... All they are going to see is that 9% increase on everything they buy and they'll spend less... That wouldn't be terrible if it wasn't for the fact that it would happen all at once. |
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10-07-2011, 06:24 PM
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#7 |
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Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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Perhaps a progressive sales tax would fit this plan?
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10-12-2011, 01:05 AM
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#8 | |
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token jewboy
Join Date: Nov 2008
Moto: CBR 900, KLR ugly ass duckling, Gas Man
Posts: 10,799
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Quote:
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10-12-2011, 09:41 AM
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#9 |
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This is not the sig line.
Join Date: Dec 2008
Moto: Be prepared. What? Oh, *moto*...
Posts: 1,279
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I'm with Michelle Bachmann: if you turn 9-9-9 upside down it's 6-6-6, and that's the devil's number! Cain's tax plan is Satan! SATAN!!!
*GASP* And his name is CAIN!!! 
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This was no time for half measures. He was a captain, godsdammit. An officer. Things like this didn't present a problem for an officer. Officers had a tried and tested way of solving problems like this. It was called a sergeant. -Terry Pratchett, Guards! Guards! |
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10-12-2011, 09:46 AM
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#10 | |
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Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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