Cain's 9-9-9 tax plan is simple: Most will simply pay more

[underpants]

http://bottomline.msnbc.msn.com/_news/2011/10/13/8304334-cains-9-9-9-tax-plan-is-simple-most-will-simply-pay-more

But the odds are much higher that, when the public understands it, the vast majority of taxpayers will be horrified to realize they face a huge tax increase. That assessment comes from Bruce Bartlett, a senior official in the Reagan and George H.W. Bush administrations, who described the plan as a “distributional monstrosity.”

“The poor would pay more while the rich would have their taxes cut, with no guarantee that economic growth will increase and good reason to believe that the budget deficit will increase” Bartlett recently wrote in the New York Times. “Even allowing for the poorly thought through promises routinely made on the campaign trail, Mr. Cain’s tax plan stands out as exceptionally ill conceived.

The reason the plan would hit poor people much harder that the wealthy is also simple. The current tax code provides a series of deductions, credits and exemptions that ease the tax burden on all households, but they have a greater positive impact those at the bottom of the income ladder. As a result, some 38 percent of U.S. households pay little or no income taxes. They would now suddenly be hit with what amounts to a tax bill that represents 27 percent of their income, according to USC law professor Edward Kleinbard, who published a paper this week calling the 9-9-9 plan “a terrific example of fiscal hocus pocus.”

NYU law professor Daniel Shaviro thinks part of the popular appeal of Cain’s plan is that it appears to hold tax rates to single digits – even though the cumulative tax paid by most households would amount to 27 percent.

[undeterred]

1. also known as: Fuck the Poor

[TwilightGardener]

2. It would do what it's intended to do--shift the burden downward, keep the money at the top.

[Amerigo Vespucci]

3. Bartlett was one of the MAJOR players who...

...revealed the truth behind the National Sales Tax, a.k.a "Fair Tax."

The government won't run itself without revenue.

The government needs every single penny it's getting right now via the current tax system

Anyone who proposes an alternative needs to explain how that's going to happen without further squeezing the working class.

So far, no one...including the Pizza Douche...has offered that explanation.

[Name removed]

4. Deleted message

Message removed by moderator. Click here to review the message board rules.

[DontTreadOnMe]

5. only 2 posts and already exposed as a GOP Troll!

I can smell the fear from here!

Tax the rich!

[jmowreader]

6. Cain's 9-9-9 tax plan will simply destroy the economy

Let's focus exclusively on the "9" that is sales tax.

Google the Cain 9-9-9 plan and you eventually wind up at http://www.hermancain.com/images/economicgrowth.pdf, which is Cain's brochure outlining the whole scheme. (Neglect the fact Cain is such a stupid fuck he signed off on a brochure that won't even fold up correctly.) You learn that Cain is actually a FairTaxer--you know, Neil Boortz' stupid-ass "let's replace the whole tax code with a national sales tax!" shit that can't work.

The sales-tax "9" is going to be levied on sales of NEW goods only.

So let's see here...

There will be no more market for new cars because used ones won't be taxed. Write off the entire auto industry.
There will be no more market for new houses because used ones won't be taxed. Write off the entire homebuilding and building-materials industries.
There will be no more market for new clothes, electronics, appliances or other consumer goods because used ones won't be taxed. Write off the longshoreman's industry.

If you want to see what the United States will become under Herman Cain's wise leadership, look to Cuba: a huge underground industry dedicated to keeping 1957 Chevies running has sprung up because you can't get new cars there. In the US, you WILL be able to get new cars but, because new ones will be taxed and used ones will be not, no one will want them.

Allowing this dangerous bullshit to flourish scares the living shit out of me.

[brewens]

7. I've tried to tell fair/flat taxers that for years. I ask them if they

think it will mean that they pay less? Of course they do, or they wouldn't be for it. It seems fair can never mean more. Then I tell them that if they are going to pay less, that would mean someone will have to pay more. Usually this get me a frantic head shaking where they babble some delusionary stuff about the government just having to get by on less. Of course that won't happen. It's our Congressthing's job to make sure it won't happen. At least most of them.

Everyone thinks Congress sucks, except for their guy, if he's bringing home the bacon. They vote to put their guy back in there. It's everyone else's sucky Congresscritter that is supposed to cut back.

I think you can blame a lot of it on the guy that only gets pissed about how much he sees coming out of his check. He has no idea what he actually pays. For me it's about 12.5 percent. A little over 7 percent federal and a little over five percent state.

I pay almost no sales tax on food. I live in a state that has a 6% tax but am on the border of one that doesn't. Naturally I shop across the border. I also dodge a lot of retail taxes by shopping online. I'm not going to be the only one in the state to put that on my tax return and pay it.

The 999 plan would probably almost double my taxes.

[Cresent City Kid]

8. They never talk about the benefits of taxes

It's a little harder to define, but corporations and those who own them benefit from infrastructure, and national security. We all do, and by how much may be tricky to measure, but if we flattened the benefits along with the taxes, they'd freak.

[WinkyDink]

9. Cain: Ignorant AND Evil. Well, he's named appropriately.

[Generic Brad]

10. It seemed like a complicated tax plan in Sim City

It even had three numbers - nine, nine and nine. That sounds pretty challenging even for the typical Republican.