Meet The Candidates: 2012 GOP Thread

[saden1]

Few things:

1. If you turn 999 upside down what do you get? You get the devil and we all know the devil is in the details.

2. Herman Cain proposed a federal sales tax and thus taking away or marginalizing the power of a state to manage its own sales tax policy and the conservatives cheer?

3. Per his request as reflected in his performance I'm going to officially eliminate Perry from contention.

4. Romney looks like he is going to get his wish...it's a shame he will get get creamed by Obama.

[Slingin Sammy 33]

Originally Posted by saden1

Few things:

1. If you turn 999 upside down what do you get? You get the devil and we all know the devil is in the details.

The more I hear from her the less likely I think she'll ever be successful on the national stage.

2. Herman Cain proposed a federal sales tax and thus taking away or marginalizing the power of a state to manage its own sales tax policy and the conservatives cheer?

Herman Cain's 999 plan is a step towards implementing the FairTax plan. Under FairTax the states still have the opportunity to impose an income tax, however that's unlikely and states will simply adjust their sales tax rate to be revenue neutral.

3. Per his request as reflected in his performance I'm going to officially eliminate Perry from contention.

agree

4. Romney looks like he is going to get his wish...

Game on!

[SBXVII]

Originally Posted by saden1

Few things:

1. If you turn 999 upside down what do you get? You get the devil and we all know the devil is in the details.

2. Herman Cain proposed a federal sales tax and thus taking away or marginalizing the power of a state to manage its own sales tax policy and the conservatives cheer?

3. Per his request as reflected in his performance I'm going to officially eliminate Perry from contention.

4. Romney looks like he is going to get his wish...it's a shame he will get get creamed by Obama.

I just don't like Romney who is second runner up right now to Cain. Of the two I'd take Cain but I'm not impressed with him either.

Again which is why I'd take Trump. I know some will think I'm a fool but I like a lot of his ideas which were similar to my own and thinking hopefully a business man can fix our failed situation over bringing in yet another failed politition.

[firstdown]

Originally Posted by saden1

Few things:

1. If you turn 999 upside down what do you get? You get the devil and we all know the devil is in the details.

2. Herman Cain proposed a federal sales tax and thus taking away or marginalizing the power of a state to manage its own sales tax policy and the conservatives cheer?

3. Per his request as reflected in his performance I'm going to officially eliminate Perry from contention.

4. Romney looks like he is going to get his wish...it's a shame he will get get creamed by Obama.

I don't think the Cain sales tax has any affect on the states taxes. Why would it?

[saden1]

Originally Posted by firstdown

I don't think the Cain sales tax has any affect on the states taxes. Why would it?

Of course it would have an impact. Sales tax in states like Washington which has a 9.8% sales tax would have to be adjusted otherwise every time you go buy anything your tax bill bill be 17.8% which is quite regressive for the poor and the middle class. 22 states have a sales tax of at least 8%....17%+ taxes on sales? You try that shit and you're going to have real nice tea party on your door step real quick!

[Slingin Sammy 33]

Originally Posted by saden1

Of course it would have an impact. Sales tax in states like Washington which has a 9.8% sales tax would have to be adjusted otherwise every time you go buy anything your tax bill bill be 17.8% which is quite regressive for the poor and the middle class. 22 states have a sales tax of at least 8%....17%+ taxes on sales? You try that shit and you're going to have real nice tea party on your door step real quick!

I haven't done detailed reading on the 9-9-9, but at first pass this phase (Phase 1) is very similar to FairTax (where Cain is ultimately going), what will happen is with corporations/manufacturers/distributors having a lower corp tax rate (or no corp tax under FairTax), the embedded cost for taxes within a product will be forced out by the market. An item that previously cost $ 100 + say 8% state sales tax = $ 108 for item. Under FairTax, the cost of the item would be reduced by slightly less than the Federal Sales tax, so that $ 100 item would now cost $93 + 8% state sales tax + 9% Federal Sales tax = $ 108.81. I'm not exact on the numbers/percentages but that's the concept.

Keep in mind payroll taxes & medicare taxes (which are highly regressive) and fed income taxes are gone. IRS is greatly reduced, tax loopholes gone, underground economy is now taxed at point of sale. Prebate checks are sent out to all valid SS card holders in US to cover for essentials using current HHS poverty level guidlines.

Americans For Fair Taxation: Americans For Fair Taxation

Herman Cain Rebuts Misleading Ad Against FairTax...

[saden1]

Originally Posted by Slingin Sammy 33

I haven't done detailed reading on the 9-9-9, but at first pass this phase (Phase 1) is very similar to FairTax (where Cain is ultimately going), what will happen is with corporations/manufacturers/distributors having a lower corp tax rate (or no corp tax under FairTax), the embedded cost for taxes within a product will be forced out by the market. An item that previously cost $ 100 + say 8% state sales tax = $ 108 for item. Under FairTax, the cost of the item would be reduced by slightly less than the Federal Sales tax, so that $ 100 item would now cost $93 + 8% state sales tax + 9% Federal Sales tax = $ 108.81. I'm not exact on the numbers/percentages but that's the concept.

Keep in mind payroll taxes & medicare taxes (which are highly regressive) and fed income taxes are gone. IRS is greatly reduced, tax loopholes gone, underground economy is now taxed at point of sale. Prebate checks are sent out to all valid SS card holders in US to cover for essentials using current HHS poverty level guidlines.

Americans For Fair Taxation: Americans For Fair Taxation

Herman Cain Rebuts Misleading Ad Against FairTax - YouTube

You have stated the ideals and potential benefits now the question I have is what are the problems with this plan? Just looking at what you wrote and what I gathered from Cain's speeches I see holes a few sizes bigger than Andy Ried's waist line in this plan.

[Slingin Sammy 33]

Originally Posted by saden1

You have stated the ideals and potential benefits now the question I have is what are the problems with this plan? Just looking at what you wrote and what I gathered from Cain's speeches I see holes a few sizes bigger than Andy Ried's waist line in this plan.

Here's a letter of support of the FairTax plan signed by (80) independent economists.

Americans For Fair Taxation: An Open Letter to the President, the Congress, and the American people Concerning Reform of the Federal Tax Code

Let me know where you see specific problems and I'll address them as best I can.

[saden1]

Originally Posted by Slingin Sammy 33

Here's a letter of support of the FairTax plan signed by (80) independent economists.

Americans For Fair Taxation: An Open Letter to the President, the Congress, and the American people Concerning Reform of the Federal Tax Code

Let me know where you see specific problems and I'll address them as best I can.

That's nice, the link provided didn't answer the question I asked. How about you give it a try?