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Post by freedom12 on Sept 25, 2011 7:20:36 GMT -6
Herman Cain, the suprise Florida Straw Poll winner has a plan and it appears to be gaining in popularity.
The plan-
A 9% business flat tax. Gross income less all investments, all purchases from other businesses, and all dividends paid to shareholders.
A 9% individual income flat tax. Gross income less charitable deductions.
A 9% national sales tax. This significantly expands the tax base, which helps everyone.
This plan has the following advantages: -It is fair, revenue-neutral, transparent and efficient. -It puts zero tax on capital gains and repatriated profits. -It replaces the payroll tax. -It will aid capital availability for small businesses. -It saves taxpayers $430 billion in annual compliance costs. -It eliminates the uncertainty holding this economy down.
Obama has no plan and didn't even file the "Jobs Bill" he was waving around in the Rose Garden.
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Post by Deleted on Sept 25, 2011 8:08:09 GMT -6
Herman Cain, the suprise Florida Straw Poll winner has a plan and it appears to be gaining in popularity. The plan- A 9% business flat tax. Gross income less all investments, all purchases from other businesses, and all dividends paid to shareholders. A 9% individual income flat tax. Gross income less charitable deductions. A 9% national sales tax. This significantly expands the tax base, which helps everyone. This plan has the following advantages: -It is fair, revenue-neutral, transparent and efficient. -It puts zero tax on capital gains and repatriated profits. -It replaces the payroll tax. -It will aid capital availability for small businesses. -It saves taxpayers $430 billion in annual compliance costs. -It eliminates the uncertainty holding this economy down. Obama has no plan and didn't even file the "Jobs Bill" he was waving around in the Rose Garden.According to you, Obama is going to win...even though you're a Gnome fan and now are promoting Mr. Pizza...hmmmm.
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Post by freedom12 on Sept 25, 2011 9:09:30 GMT -6
Not promoting Mr Pizza aka Herman Cain at all. It's simply a thread about his plan and what my fellow SOer's think of it. I can support Dr Paul and still think others have good ideas Butters.
The Florida Strall Poll event, was more like a convention. There was the debate and two more days of speech's and Repub hob knobbing. During that time, Cain's plan/message got out and swayed enough delegates for him to win.
BTW, the event didn't draw a lot of your favorite people Butters. No, not f*gs! Blacks.
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Post by Deleted on Sept 25, 2011 10:03:12 GMT -6
I'd take Cain over Perry or Romney any day............
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Post by freedom12 on Sept 25, 2011 10:11:26 GMT -6
But what do you think of the 9-9-9 plan/idea Jimmy?
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Post by Deleted on Sept 25, 2011 10:55:21 GMT -6
Not promoting Mr Pizza aka Herman Cain at all. It's simply a thread about his plan and what my fellow SOer's think of it. I can support Dr Paul and still think others have good ideas Butters. The Florida Strall? Poll event, was more like a convention. There was the debate and two more days of speech's and Repub hob knobbing. During that time, Cain's plan/message got out and swayed enough delegates for him to win. BTW, the event didn't draw a lot of your favorite people Butters. No, not f*gs! Blacks. The toilet that serves as your mind is leaking again.Your fellow SOers? You're a trip, man. How about serving up your 9-11 article to your fellow SO'ers?
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Post by northsider on Sept 25, 2011 11:33:33 GMT -6
Let's take a closer look at the 9-9-9 numbers shall we! Someone making $50,000 a year living paycheck to paycheck will pay 18.1% in federal tax. Someone in the upper middle class making $150,000 who spends 75% of their income will pay 15.0% in federal tax. Someone making $1000000 a year off of investments and lives high on the hog spending half of their yearly income will pay 4.5% in federal tax. A publicly traded company that takes their year end profits and reinvests it in company stock will pay 0% in federal tax. Let's recap... Lower to middle class pays 15%-18.1%, upper class pays 4.5%, and business pays 0%. Yep, sounds pretty fair to me. These numbers are based on the advantages you posted f12 and I'm sure are extremes but you get the gist of what the 9-9-9 plan will do. I can show you the math if you would like. That's the problem with the tea party crowd. Their candidates propose all these ideas that sound great until you really look at what you are getting. Of course the big money men that are really behind the tea party movement are betting that the typical tea partier either won't or cant do any critical thinking and just buy into their one line talking points. They so far seem to be betting right.
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Post by Deleted on Sept 25, 2011 11:41:41 GMT -6
Everyone must pay to solve the problems government has created..The national sales tax would affect the rich more than you or I,I believe.....
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Post by northsider on Sept 25, 2011 11:57:37 GMT -6
You believe wrong Jimmy, do the math.
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Post by OutlawwithaSnipeSniper on Sept 25, 2011 12:04:31 GMT -6
Northsider, you do the d**n math, 9 percent of a friggin Million is way more than you will EVER pay.
That being said, Cain does NOT address the root cause of the issue, it is NOT on the revenue side, it is, and has always been, on the SPENDING side.
Fancy ways to liberate more money from the pockets of the citizenry is not the answer.
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Post by northsider on Sept 25, 2011 12:10:53 GMT -6
$1000000 in capital gains income would be taxed at 0%. Here's a little math lesson for you sniper, 0% of any number is 0. I figured you would be the last person I would have to explain the math to. What do you do for a living again?
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Post by freedom12 on Sept 25, 2011 12:12:17 GMT -6
So why did so many Republicans fall in love with his plan?
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Post by toshiko on Sept 25, 2011 12:12:27 GMT -6
Go Mr.Cain. No I did not do the math, but I love seeing all the different ppl, coming out on top in these straw polls. It seems many Repubs and Indep, are still looking for common ground. I wish Elizebeth Warren was running. Lucky Mass.
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Post by OutlawwithaSnipeSniper on Sept 25, 2011 12:21:43 GMT -6
$1000000 in capital gains income would be taxed at 0%. And where do you get the first 1 Million is not taxable?
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Post by northsider on Sept 25, 2011 12:27:33 GMT -6
See the second advantage
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