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Post by greekgod on Sept 26, 2011 20:29:46 GMT -6
Katydid, Oh, I thought Rushbo was original. Is Cain less "Magic" than Obama? g ;D P.S. I personally believe "Magic Negro" has no place in the argument but somehow "Rushbo" thought it humorous. What's Rushbo's new "Operation Chaos" plan? Greek, for a smart feller, you sure are wrong a bunch....... Perhaps you need to "Goggle" more.  Sniper, Perhaps you need to read more rather than Goggle. g |
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Post by Deleted on Sept 26, 2011 21:27:13 GMT -6
Cains having to defend his straw poll victory against MSM's claim it was a protest vote...It will be a shame if they can't pick our candidate...................
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Post by OutlawwithaSnipeSniper on Sept 27, 2011 6:29:58 GMT -6
Greek, for a smart feller, you sure are wrong a bunch....... Perhaps you need to "Goggle" more. Sniper, Perhaps you need to read more rather than Goggle. g Well now, I knew the original source, you did not. Is Up, Down? |
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Post by northsider on Sept 27, 2011 8:36:26 GMT -6
The MSM shouldn't be allowed to pick the candidates. It should be done like the supreme court intended, by a handful of super pacs flooding the airwaves with attack ads.
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Post by FZ on Sept 27, 2011 8:42:08 GMT -6
At least Cain has a plan.
And for those of you economically-impaired, the reason many consider capital gains a double tax is the the belief a government should tax either an asset, or it's yield, but not both.
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Post by katydid on Sept 27, 2011 8:55:08 GMT -6
At least Cain has a plan. And for those of you economically-impaired, the reason many consider capital gains a double tax is the the belief a government should tax either an asset, or it's yield, but not both. Yep and Yep. He was the only one of the 9 who had a real answer to the SSI mess too. Although I do not agree with the Chilian Model as it exists currently (its mandated by the govt) I do agree with it in theory. |
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Post by northsider on Sept 27, 2011 11:28:15 GMT -6
So according to cains plan the amount of tax you pay is based on what you spend and how you make your money. Interesting.
I'm curious what impact on the economy this would have. GDP is about 70% consumer spending. Take 9% right off the top and what happens? I'm guessing it wouldn't be good. You'ld probably be okay though Katy so I guess it doesn't matter.
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Post by dog on Sept 27, 2011 11:39:25 GMT -6
I'm curious what impact on the economy this would have. GDP is about 70% consumer spending. Take 9% right off the top and what happens? I'm guessing it wouldn't be good. Share your thoughts, why do you think it wouldnt be good? |
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Post by OutlawwithaSnipeSniper on Sept 27, 2011 15:10:59 GMT -6
I'm curious what impact on the economy this would have. GDP is about 70% consumer spending. Take 9% right off the top and what happens? I'm guessing it wouldn't be good. You'ld probably be okay though Katy so I guess it doesn't matter. Hmm, considering the Payroll Deductions go away, I think your guess might be wrong........... |
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Post by northsider on Sept 27, 2011 15:19:34 GMT -6
Payroll tax is currently 4.2% so I guess consumers would only have 4.8% less to spend. I'm sure only a 4.8% decrease in consumer spending wouldn't have much of an impact at all.
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Post by Snarko on Sept 27, 2011 15:23:00 GMT -6
Nobody's spending now anyways.
Except those job creators. They're out there every day, creating thousands of new jobs.
Oh, wait.
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Post by northsider on Sept 27, 2011 15:23:30 GMT -6
I guess you figure the 6.2% the employers will no longer have to pay will get passed on to employees in the form of raises. I wouldn't hold hold my breath on that one.
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Post by OutlawwithaSnipeSniper on Sept 27, 2011 15:57:47 GMT -6
Payroll tax is currently 4.2% so I guess consumers would only have 4.8% less to spend. I'm sure only a 4.8% decrease in consumer spending wouldn't have much of an impact at all. hey, you should teach Warren how to avoid taxes. You have the absolute RECORD for a low tax rate. The rest of us are closer to 20 percent on up....... |
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Post by Deleted on Sept 27, 2011 16:39:23 GMT -6
So I see there are people who believe others should be forced to pay more.....But when it affects them we get a whole nother story-----unbelievable...........
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Post by northsider on Sept 27, 2011 16:51:28 GMT -6
Payroll tax plus income tax is closer to 20%. You would still pay income tax of 9% unless of course if you make your money from capital gains then you would pay nothing.
I think the main point of the whole argument is that the Cain plan is a massive shift of the tax burden from the upper earners to the middle and lower class. I know it just chaps snipes and katys asses that the lowest income brackets pay no income taxes but here's a news flash, their POOR!!!! It's not that most don't work hard for what little money they earn, it's just they don't earn that much. The lower income bracket earners and a growing number of middle class earners live paycheck to paycheck. They have no more money. Not everyone in this country was lucky enough to have mommy and daddy send them college so they could get a high paying job.
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