Herman Cain's 999 Plan Raises Taxes on 84% of Americans

[Doove]

Originally Posted by TexTushHog

Do you have a proposal that's not a continuation of the class warfare that the Republicans have been waging for the last 30 years?

A Labor Day Telethon, i would suspect.

[CuteOldGuy]

So, tell me how the current system is fair and non-regressive? GE pays NO taxes, but the guy down the street with a decent job pays through the nose.

The Fair Tax. Plain and simple. And don't jump all over me until you have read the plan at fairtax.org, and not just what the government controlled media wants you think. I've heard and answered all the demagoguery in other forums, and don't have the patience to do it here. Our economy would boom, manufacturing would come home, and our trade deficit would likely disappear. All with everyone paying lower taxes (but broader base) that can't be raised in secret or hidden like in our current code.

Now watch the imbeciles come out in force.

[blue3122]

As expounded ad nauseum, collected taxes will be roughly 19% of GDP. Want more revenue, grow GDP. How you get to that 19% is just social engineeriing.

[dilbert firestorm]

Originally Posted by CuteOldGuy

So, tell me how the current system is fair and non-regressive? GE pays NO taxes, but the guy down the street with a decent job pays through the nose.

The Fair Tax. Plain and simple. And don't jump all over me until you have read the plan at fairtax.org, and not just what the government controlled media wants you think. I've heard and answered all the demagoguery in other forums, and don't have the patience to do it here. Our economy would boom, manufacturing would come home, and our trade deficit would likely disappear. All with everyone paying lower taxes (but broader base) that can't be raised in secret or hidden like in our current code.

Now watch the imbeciles come out in force.

I don't like the fair tax, mainly because of the pre-bate feature. It replicates much of the income tax in reverse.

[CuteOldGuy]

I'll admit, I don't like the pre-bate either. It's the weakest part of the plan. I would trade a slightly higher overall rate for no tax at all on food or medicine. This would protect the poor just as well, without having to keep telling the government where you are.