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Would a Flat Tax allow elimination of the IRS? I worry about a plan which does not eliminate the IRS since it could again grow and metastasize into the mess we currently have, as with anything our government does. The Fair Tax doesn't tax income, but is a national sales tax, eliminating the IRS. I don't care for either, but at least with the Fair Tax you would have control over the money you earned and able to make the decision on whether you could afford a purchase or not.
The IRS would have to get bigger to manage another tax placed on them, to calculate and audit.
Tell me if I'm wrong here. Herman Cain does not want to get rid of the income tax. He just wants to lower the rate to 9 percent plus he wants to add a 9 percent national sales tax.
Well, if we aren't getting rid of the income tax, we're just lowering the rate, plus we're adding a national sales tax that we don't have now, doesn't that mean the size of government will have to get bigger, specifically the IRS? They are going to have to add a whole new sales tax division that they don't have now. We're talking A LOT of new government employees here. But lowering the income tax rate to 9 percent doesn't mean the IRS needs less bodies in the individual income tax division. They'll still need the same amount of people.
So, is Herman Cain increasing the size of government? Specifically, is he making the IRS bigger not smaller?
The 9 percent national sales tax is what will be devastating. In the fair tax their plan is offset by a prebate, which is what makes it viable and why I support it. In Cain's plan there is no such offset. If he actually gets this abortion into the tax code the price of everything you buy will go up by 9% overnight with nothing to offset it. It is a giant tax increase especially in the middle class, the poor and seniors because their effective rates would go through the roof. We already have a problem with stagnant consumer spending this will make it much worse.
Yes, this is an important point. The IMF would love if the USA had both an income tax and a VAT. The pattern should not be ignored.
Federal Reserve
Euro-Socialist tax structure
Increase of presence in Middle East
There are certain things about Cain which I find disturbing. I think he is a New World Order style globalist in sheep's clothing.
Boy did you ever hit the nail on the head there. He reminds me of the prosperity preachers of the 80s who wore expensive suits and promised you riches. They all went to jail.
Another thing about the 9-9-9 plan is that it presupposes that we will abolish Medicare and Social Security on the spot. The 9-9-9 plan eliminates the payroll taxes that fund these programs so if his proposal is put into effect these programs will just become unfunded liabilities. Of course being a sane politician Herman Cain would never acknowledge this, but numbers don't lie. Lets just say if he ever gets this I would not want to be a senior in the United States.
Boy did you ever hit the nail on the head there. He reminds me of the prosperity preachers of the 80s who wore expensive suits and promised you riches. They all went to jail.
You have no idea how much I wanted to like him. I listened to him sit in for Neil Bortz several years back and always agreed with his perspective. After doing my homework I just don't think he will go the distance uphold the US Constitution.
One of the things I find really odd was that he was a strong proponent of the Fair Tax and the prebate structure before he came out with his 999 plan.
Why the change? Who got a hold on him and told him how things would be? Armey & Gingrich? Is that why he and Gringrich seem to be building an alliance?
I don't know about anybody else but I do know that no senior, living on fixed income, unless brain dead, is going to vote for Cain and his 9% federal sales tax. I may be senile but I can still count and any way you cut it, it's a 9% decrease in available income for fixed income seniors.
I live in CA. How does a National Sales Tax affect a state tax?
I live in CA. How does a National Sales Tax affect a state tax?
It goes right on top. Just add 9% more to what you pay now. Right now where I live the state and local sales taxes are about 7%. Under Herman Cain's plan the total tax would be 16%.
It goes right on top. Just add 9% more to what you pay now. Right now where I live the state and local sales taxes are about 7%. Under Herman Cain's plan the total tax would be 16%.
OMG! I am so grateful for this thread. Nobody will like this once they start understanding the ramifications. There's only one choice, RON PAUL
OMG! I am so grateful for this thread. Nobody will like this once they start understanding the ramifications. There's only one choice, RON PAUL
Of course Cain is for eliminating the Estate tax, the Capital gains tax, and other taxes, the bulk of which, fall generally on people with multi-million dollar fortunes. He proposes doing this while continuing a neoconservative foreign policy. As a result someone/something has to make up the difference.
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You have no idea how much I wanted to like him. I listened to him sit in for Neil Bortz several years back and always agreed with his perspective. After doing my homework I just don't think he will go the distance uphold the US Constitution.
