999 and it not producing enough revenue.

TPP wrote: This is NO JOKE it can work if people will grow a set and follow through...
Since folks STILL don’t want to read, (and are willing to take what the Establishment Republicans will “force” on to you…)
I can give you facts, but I can’t help you understand, but I’ll be happy to help you understand…
Here are some of the advantages;
[center:3mxokjam]9-9-9 Summary (PHASE ONE) [/center:3mxokjam]
[center:3mxokjam]“REMOVES all payroll taxes and unites all TAX PAYERS” (“Everybody paying their fair share.”, as the leftist would say, so they should like this plan)[/center:3mxokjam]
[center:3mxokjam]“PROVIDES the least incentive to evade taxes and the fewest opportunities to do so” (Getting rid of the “loopholes”)[/center:3mxokjam]
[center:3mxokjam]“Lifts a $430 billion dead-weight burden on the economy due to compliance, ENFORCEMENT, COLLECTION, etc…” (Pretty big CUT in Government)[/center:3mxokjam]
[center:3mxokjam]“ENDS NEARLY all deductions and special interest favors” (Getting rid of a lot of lobbyist)[/center:3mxokjam]
[center:3mxokjam]“EXPORTS leave our shores without the Business Tax or the Sales Tax embedded in their costs making them world class competitive. IMPORTS are subject to the same taxation as domestically produced goods, leveling the playing field.” (Sounds fair to me)[/center:3mxokjam]
[center:3mxokjam]“FEATURES ZERO tax on capital gains and repatriated profits” (Thus getting more production & jobs)[/center:3mxokjam]
[center:3mxokjam]“KILLS the DEATH TAX” (Your loved ones will love this one, I know mine will)[/center:3mxokjam]
[center:3mxokjam]“ELIMAINATES double taxation of dividends"(you paid it once Why twice)[/center:3mxokjam]
[center:3mxokjam]“FEATURES a platform to launch properly STRUCTURED Empowerment Zones to renew our inner cities” (Don’t totally agree with this, because who decides what Zones gets the breaks? But if done correctly Good for everybody)[/center:3mxokjam]

[center:3mxokjam]9-9-9 Summary (PHASE TWO): [/center:3mxokjam]
[center:3mxokjam]“Ends the IRS as we know it and repeals the 16th Amendment” (“The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, WITHOUT apportionment among the several States, and WITHOUT regard to any census or enumeration.”) (GOOD!)[/center:3mxokjam]
[center:3mxokjam]“Ultimately replaces individual and cooperate income taxes.” (Nuff’ Said)[/center:3mxokjam]

Still not near as good as Forbes and Perry's plan. And Cains plan takes an assumption into account that all businesses will lower thier prices rather than take prfoits or reinvest into their company. I dn't buy that.

I like consumption taxes because it is a tax you can more easily control how much you pay, but there is a big downside. When a recession hits and people start to limit your spending, tax revenues will fall quickly.
Income taxes are a little more stable, since most people have a fixed income (if they still have their jobs.) One reason why states that depend on sales taxes are hurting so badly.

SS109 wrote: I like consumption taxes because it is a tax you can more easily control how much you pay, but there is a big downside. When a recession hits and people start to limit your spending, tax revenues will fall quickly.
Income taxes are a little more stable, since most people have a fixed income (if they still have their jobs.) One reason why states that depend on sales taxes are hurting so badly.

But consumption tax raises taxes on the lower class. They HAVE to eat and buy gas and now they are paying more. Look at my thread on what it looks like Perry's Flat tax will look like. Families under $40,000 pay almost nothing. And millionaires can't pay 0% with loopholes and buy all thier other products overseas to avoid the new 9% sales tax.

And like you said, Income taxes are more stable and stability encourages businesses to hire more. Consumption tax goes down and businesses need to lay off. And they are more leary of hiring and spending more with no real stablity in the ammount they will recieve.

And another thing that makes me think Cain cannot beat Obama. Besides the fact that Cain only has a couple million on hand which will last about a week in a campaign, he admitted that he only has a staff of about 3 people in New Hampshire and only staff in 4 or 5 states. As much as I like Cain, Obama will destroy him state by state no matter what the national poll says. Cain will have no chance at defending his 999 against all the commercials Obama will run against him. About 30 to 1 lead in money right now.

pineinthegrass wrote: Here is the report by the nonpartisian Tax Policy Center:

http://www.taxpolicycenter.org/taxtopics/Cain-9-9-9-plan.cfm

Their report looks at all three of Cain's taxes; the 9% income tax, the 9% business tax, and the 9% national sales tax.

In summary, if you make under $200K, you'll see a net tax increase on average. Over $200K you'll see a tax decrease. Again, this takes all three taxes into consideration.

http://taxpolicycenter.org/numbers/displayatab.cfm?Docid=3221&DocTypeID=1

If he sticks to this plan, he'll just keep getting hammered on it. From what I've heard his main suggestion to cut your taxes with his plan is to buy used goods. But what would that do to job creation?

And thanks for posting these. I want the real numbers to come out before he would go up against Obama and get shreaded for it.

The Viking wrote: And another thing that makes me think Cain cannot beat Obama. Besides the fact that Cain only has a couple million on hand which will last about a week in a campaign, he admitted that he only has a staff of about 3 people in New Hampshire and only staff in 4 or 5 states. As much as I like Cain, Obama will destroy him state by state no matter what the national poll says. Cain will have no chance at defending his 999 against all the commercials Obama will run against him. About 30 to 1 lead in money right now.

Forget about the presidential election. Romney will destroy him in the primaries, for all the reasons you stated.

Conservation Voice wrote:

The Viking wrote: And another thing that makes me think Cain cannot beat Obama. Besides the fact that Cain only has a couple million on hand which will last about a week in a campaign, he admitted that he only has a staff of about 3 people in New Hampshire and only staff in 4 or 5 states. As much as I like Cain, Obama will destroy him state by state no matter what the national poll says. Cain will have no chance at defending his 999 against all the commercials Obama will run against him. About 30 to 1 lead in money right now.

Forget about the presidential election. Romney will destroy him in the primaries, for all the reasons you stated.

I agree that he is still the front runner and now Cain and Perry are splitting the Conservative votes along with Newt getting up to double digets. So Romney should win the majority of the first states unless Cain really falls off and Perry's plan takes hold with the same excitement Cains did before people started to put real numbers with it.