Don't buy Cain's 9-9-9 plan

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No matter what the polls say, President Obama would beat Herman Cain hands-down in a presidential election.

Cain’s 9-9-9 plan is a plan to make the rich richer and the poor not only poorer, but into second-class citizens. His proposed 9 percent federal sales tax will be levied on all citizens and will be in addition to state, county and municipal taxes we already pay.

The federal tax won’t bother the rich who will be receiving enormous tax breaks. Those who pay no taxes or at the lower rates on the progressive tax charts will be the sacrificial lambs to Cain’s 9-9-9 plan.

The polls indicate strong support for Cain in South Carolina. What South Carolinians don’t know will hurt them.

A new quad-cab truck purchased in South Carolina at $27,500 will incur state sales tax of $300, making the cost of the truck $27,800. Add Cain’s 9 percent federal sales tax, another $2,475, and that new truck will cost $30,275.

When questioned about this, Cain replied, “Only new items will be taxed.” Therefore we can assume that Cain feels that one class of citizens can buy new items and a second class of citizens should avoid the 9 percent federal sales tax by buying used.

Anyone on a tight budget who votes for Cain should be prepared to buy used big-ticket items – cars, stoves, refrigerators, televisions, air conditioners and furnaces – from now on.

Frank Lariscey

Evans

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Insider Information
4009
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Insider Information 10/17/11 - 11:18 pm
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I love the argument that we

I love the argument that we shouldn't replace the federal income tax with a federal sales tax because we already have a state sales tax.

Federal taxes have nothing to do with state taxes or local taxes for that matter.

Taxing what you buy allows each of us to pay what Democrats would call our "fair share."

ConcernedTaxpayer
28
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ConcernedTaxpayer 10/18/11 - 04:00 am
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Many people don't pay any

Many people don't pay any federal tax because they get paid cash under the table, cheat on their tax returns, or are engaged in illegal business, i.e. drug dealers and prostitutes. If you take all the money away from the rich, who is going to be left provide jobs for those who want to work and earn their own way? And when the rich pay all they have, who is going to be left to pay taxes to provide the government money to help the ones who want handouts?

carcraft
36159
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carcraft 10/18/11 - 05:38 am
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Many people RECEIVE money fom

Many people RECEIVE money fom the Federal Government now instead of paying to help carry the cost of the Government. It is called earned income tax credit. Yes but tthe amount of money you take home will be increased because you will no longer pay social security with holding etc.

madgerman
236
Points
madgerman 10/18/11 - 06:14 am
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Concerned. Do you actually
Unpublished

Concerned. Do you actually believe that prostitutes and drug dealers would come out of the fog and admit they were in a criminal business and charge a tax on customers? For that matter do you think the guy cutting my grass would add taxes? I don't think so.

madgerman
236
Points
madgerman 10/18/11 - 06:25 am
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Support for the 999 plan just
Unpublished

Support for the 999 plan just shows the lack of logical thinking and expertise this countrys people have with mathmatics. If you make 50K ayear and it cost you that much to make a living, at the year end you would have 0 left over for savings or emergencies. On the other hand if you were a certain radio talking head and made 33Mil a year and spent one mil for living you would have 32 mil of untaxed income which would grow exponentially yearly. Did you ever hear the phrase "money talks", well if some have money, who gets the last word and who is in the silent majority?

wribbs
617
Points
wribbs 10/18/11 - 06:40 am
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I know a guy that not only

I know a guy that not only paid zero taxes on his income, but him and his family were paid $6,000 from the government because they didn't earn enough. They count on that money every year for buying toys and going on vacation. I on the other hand paid $17,500 in federal income taxes. Can someone please explain to me the concept of paying their fair share?

Techfan
6464
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Techfan 10/18/11 - 07:07 am
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0
in 2010, the top 5% brought

in 2010, the top 5% brought in a little under 59% of the income. We're going to break even by lowering their taxes and increasing on the other 95%, I don't think so.

justthefacts
34923
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justthefacts 10/18/11 - 07:55 am
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The only way we are ever

The only way we are ever going to break even is by controlling the spending of the gov't. Taxes, raising or lowering them, is not going to solve the problem. And Mr. Lariscey's letter gets a A in disingenuous.

david jennings
625
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david jennings 10/18/11 - 08:08 am
0
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I am out of work right now

I am out of work right now since July 28th, no problem, I live below my means and have everything I need and more, debt free, stress free. When I am working I'm in what most would consider low income. I'm all for anything that will start changing our current tax system and start taking less out of my paycheck and let me take the money home. I know too many who like wribbs said, don't pay any tax and wait every year to claim earned income credit or whatever it is, and get back 4 to$6000 dollars that is spent before they get it. I don't plan to buy a big truck anyway, but at least if the IRS quit taking money out of my check I might have the option of purchasing one if I wanted to.

Techfan
6464
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Techfan 10/18/11 - 08:12 am
0
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We need to cut spending AND

We need to cut spending AND raise revenue. That's the only way we can break even. When just the military/security part of the budget takes up 46% to 64% of the revenue, we have a problem.

GuyGene
2191
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GuyGene 10/18/11 - 08:12 am
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I am certain that Herman

I am certain that Herman Cain's plan is MUCH better that what we have now. Certain enough that he will get our votes! He is right - we don't need more revisions to this convoluted tax system we now have - it needs to be totally done away with and replaced.

We (my household) are for Herman!

Jon Lester
2480
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Jon Lester 10/18/11 - 08:18 am
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Since Cain's degrees are
Unpublished

Since Cain's degrees are math-related, we can deduce that he's either losing his faculties, or he's perfectly aware of the highly regressive nature of his plan does not care who its hurts. It wouldn't be the first time he's prescribed further abuse of the poor as a means of motivating everyone to pull themselves up (and if you think this is a good political philosophy, you might want to take a look at the Gaza Strip).

But Mr. Lariscey is undoubtedly correct that Mr. Cain cannot win against President Obama; if you "do the math" and figure that he's alienated most black and Hispanic voters, the numbers just aren't there, so any discussion of Cain's policy ideas is ultimately moot.

onlysane1left
223
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onlysane1left 10/18/11 - 08:20 am
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Mr. Lariscey's letter is

Mr. Lariscey's letter is right on point with the comments I made yesterday. Justthefacts has a point with the control of federal spending as with things as busniess bailouts and giving money to "green" technology. A fair tax is something that is needed but in all honesty a fair tax isnt really that fair. Successful people shouldn't be punished for there wealth, nor should poor be punished for their situtation either. The tax code is very difficult to understand and lots of people cheat the system, rich and poor alike. We need a tax system a lower income person rate doesn't break them, just an affulent person pays an equivalent amount.

Techfan
6464
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Techfan 10/18/11 - 08:26 am
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david, if you're low to mid

david, if you're low to mid income, the 999 (or 666 plan according to Bachmann) will increase your taxes. That's the problem with it and the unFair Tax, they shift the burden to those who haven't seen any real income growth since 1980.

justthefacts
34923
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justthefacts 10/18/11 - 08:45 am
0
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Jon, whether Mr Cain can win

Jon, whether Mr Cain can win or not notwithstanding, lots of Presidents have won without the support of African Americans.

effete elitist liberal
3616
Points
effete elitist liberal 10/18/11 - 08:47 am
0
0
Jon Lester has it about

Jon Lester has it about right, as Frank Lariscey does. About 10% of CSRA's most financially secure residents would benefit--greatly--from Cain's 9-9-9 Plan; the other 90% are going to pay more taxes, including the vast majority of posters here. Let's face it, Herman Cain has been little more than another conservative talk-show personality for the past fifteen years. I heard him many times as a sit-in for Boortz. Most days he had a hard time getting a coherent sentence out, and most of his "ideas" were the vaguest, most predictable cliches from the right wing script book. It's pretty funny to look at the bottom of the editorial page today to read Star Parker gush over ol' Herman. Parker is another conservative lightweight of course, and her citing of the WSJ's Stephen Moore is typically dishonest. She quotes him as saying Cain's plan would be rocket fuel for the economy, but fails to add that Moore went on to say Cain's combined proposal of a 9% national sales tax and his 9% income tax was "a big problem," his plan was "vague," and Cain had not yet proven "his numbers add up." Hope Cain enjoys his October "15 minutes of fame": he'll be history by November.

harley_52
32802
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harley_52 10/18/11 - 08:49 am
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ConcernedTaxpayer asked "If

ConcernedTaxpayer asked "If you take all the money away from the rich, who is going to be left provide jobs for those who want to work and earn their own way?"

The government, of course.

And then he/she asked....

"And when the rich pay all they have, who is going to be left to pay taxes to provide the government money to help the ones who want handouts?"

Not to worry. We'll all pay our fair share. We'll all do what we can, send all the income to the government, and they'll distribute it amongst us all based upon our need.

It's the only "fair" way to do it.

justthefacts
34923
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justthefacts 10/18/11 - 08:50 am
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0
EEL, I see, it's obvious you

EEL, I see, it's obvious you have a problem with Mr. Cain's race (:

belle
333
Points
belle 10/18/11 - 08:50 am
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A person bringing home
Unpublished

A person bringing home $250,000 a year pays 40% in federal taxes. That is $100,000 a year. If they are honest (which I hope we all aim to be) they are now taking home $150,000 a year. We should assume this person either spent a great deal of effort in higher education or worked over 60 hours a week for quite a long time to get to this level of income. If they work a little less and just earn $150,000 they will take home $90,000. The top 4% of earners in this country pay 40% of all income taxes. That is including those who find ways to write off as much as possible. I don't believe there is any such thing as a fair tax, but I do believe the current system is unfair. It does not encourage entrepreneurs or hard work. These are the two things that built this country.

Chillen
17
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Chillen 10/18/11 - 08:54 am
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Anyone who can afford a

Anyone who can afford a $27,000 truck is likely in the 28% federal income tax bracket (otherwise they should be looking at a $12,000 USED truck).

Let's hypothetically say that they earn (pay taxes on) $100,000 per year.

So, they pay $28,000 per year in federal taxes (a crime and a tragedy).

Under Cains 9-9-9 plan, they would pay $9000 per year in Federal Taxes. If they spent 100% of their income (meaning NO savings at all), then they'd pay another $9000 in federal sales tax.

The cost of goods & services would go down since the corporation tax rate decreases to 9%, so lets add in another $1000 of savings.

So, our $100,000 person goes from paying $28,000 per year in federal taxes to paying $17,000 ($9000+$9000-$1000) per year in federal taxes.

Seems like a pretty good deal to me.

If you are low income, yes, you'll pay some taxes. But you should. No one in America should be free from the shackles of the federal government. Everyone uses federal services and should have some skin in the game. Maybe paying a few taxes will make them think twice about who they vote for in the future. Federal spending = High taxes.

Little Lamb
56826
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Little Lamb 10/18/11 - 08:54 am
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All righty, then. Mr.

All righty, then. Mr. Lariscey is opposed to Herman Cain for the Republican nomination. But he never told us who he is for. We see negativity in action, but nothing positive in Mr. Lariscey's letter.

justthefacts
34923
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justthefacts 10/18/11 - 08:54 am
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"I don't believe there is any

"I don't believe there is any such thing as a fair tax, but I do believe the current system is unfair. It does not encourage entrepreneurs or hard work. These are the two things that built this country." ding, ding, ding, we have a winner!

Techfan
6464
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Techfan 10/18/11 - 08:55 am
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0
I've seen studies that show

I've seen studies that show the 999 plan would bring in between $1.3 trillion and $2.0 trillion. The low estimate is only enough to fund SS, Medicare, and interest on the debt. The high estimate, you could throw in the defense budget (not the entire military budget). That's it, no other funds to run anything else.

Chillen
17
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Chillen 10/18/11 - 08:56 am
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techfan says "they shift the

techfan says "they shift the burden to those who haven't seen any real income growth since 1980"

Anyone who hasn't seen income growth since 1980 has made some very poor choices in life. Actions have consequences.

justthefacts
34923
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justthefacts 10/18/11 - 08:56 am
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LL, he is for President Obama

LL, he is for President Obama because he is doing such a wonderful job now.

harley_52
32802
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harley_52 10/18/11 - 08:57 am
0
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Mr. Lariscey says "A new

Mr. Lariscey says "A new quad-cab truck purchased in South Carolina at $27,500 will incur state sales tax of $300, making the cost of the truck $27,800. Add Cain’s 9 percent federal sales tax, another $2,475, and that new truck will cost $30,275."

I thought the South Carolina sales tax was 6%, with another 1% available for local governments to play with. I'm sure someone from SC can clear it up.

Anyway.....are we to assume that if the Automobile manufacturer's corporate taxes are reduced from 35% to 9% they won't lower the price of their vehicles? Is that the "progressive" line on the 9-9-9 plan? Greedy corporations will just add the 26% reduction in corporate income tax to their profit bottom lines and customers won't see any price reductions?

allhans
25543
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allhans 10/18/11 - 08:57 am
0
0
Don't fret abou the plan, if

Don't fret abou the plan, if by chance, the plan is ever put on the table it would have so many changes made you would no longer recognize it.

Chillen
17
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Chillen 10/18/11 - 09:00 am
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techfan says "That's it, no

techfan says "That's it, no other funds to run anything else."

Looks like the federal govt would have to run a lean budget (a very, very, very good thing).

However, I'm sure that your numbers are based off of past "reported" federal income. Don't forget all the folks who now work for cash & pay no federal taxes - those who get tips, illegals, those who cheat the system, etc. We will also get federal taxes from tourists & business travelers.

You can probably add a few more trillion for all of this found money.

Techfan
6464
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Techfan 10/18/11 - 09:03 am
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chillen; The top 400

chillen; The top 400 taxpayers (2008, latest year available), average income $270.5 million, paid 18.1% in income tax.

Chillen
17
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Chillen 10/18/11 - 09:04 am
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I haven't decided who I'm

I haven't decided who I'm voting for yet (I have 3 favorites).

However, one things for sure, I like Cain's plan better than obama's plan.

How could you not? (unless you are wrongfully living off of the govt right now)

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