9-9-9

[AEA]

Remember when I said this:

I lived in Canada for 13 years where they have the GST (Federal Goods and Services Tax). Believe me, you do not want to see this in the USA.

It takes the Provincial (State) sales tax and adds ON TOP of that the GST and you are actually paying a tax on a tax on EVERYTHING you buy! CRAZY!

EDIT: I do not know what the GST started at (%) or when, but when I left Canada in 2003 it was 13.5%!

Try filling up your tank with that. Gas price (including Fed gas tax, State gas tax, State sales tax) and on top of that Federal Sales Tax!

Well, the news media (FOX) is finally figuring this out now:
http://www.foxnews.com/politics/2011/10 ... tes-study/" onclick="window.open(this.href);return false;

[RiverCity.45]

As soon as I heard this proposal, I was amazed. A value added tax (VAT) of 9% plus my state and local sales tax of 8.5%. That a 17.5% tax on most purchases. I don't think that will do much to stimulate the economy, given the doldrums it is in.

[philip964]

Anytime you change the tax laws someone wins someone loses.

I generally don't like it when the tax law change and I lose. That seems to be almost all of the time.

My favorite was "Robinhood". Robinhood passed in Texas, my property taxes went up, Robinhood repealed, my property taxes went up. (I sure have noticed a lot of really big fancy high school football stadiums out in the far counties, since it was passed and repealed though)

Regan was the only time my taxes actually went down. But he made changes that caused my industry to go to hell in a handbag overnight, so my job suffered as a result.

Big tax changes have large unintended consequences.

We don't need radical "Change" we need gradual manipulation of the existing tax code to restore equality.

To me all income should be taxed the same.

Not one rate for sweat of the brow income and another rate for investment income. Income should only be taxed once. Dividend income should not be taxed because it has already been taxed at the corporate level. But why should only income be taxed? How about a small oil import tax. Helps the environment, helps the US oil business. How about a tax on imports from countries that do not have a social security and medicare tax equal to ours. Why should a local bookstore have to charge a sales tax and Amazon not.

But never a value added tax. Yeah I have been to Canada, half your bill is tax. It puts a real damper on spending, doing anything. Not good at all for the economy.

Sorry Mr. Cain, 999 sounds like I would pay more taxes, and Warren Buffet would pay less, and he really wants to pay more taxes, so pick him, not me.

[Bart]

Why should a local bookstore have to charge a sales tax and Amazon not.

Amazon would have to pay a national sales tax so you should like that. They don't have to pay local sales tax in places they're not local, but Texans who buy from Amazon are required by law to submit the tax because Amazon doesn't.
http://www.window.state.tx.us/taxinfo/use/" onclick="window.open(this.href);return false;

[The Annoyed Man]

Let's just burn the whole thing down and start over. I really don't see any other way. Start by requiring all lobbyists to wear a readily identifiable safety orange uniform with a large identifier across the back showing who they represent whenever they meet with a congressman. Congressmen required to wear readily identifiable lime green uniforms to all such meetings with their name/district/state and party on the back. All such meetings are to be held in a dedicated public room, with microphones for the lobbyist and congressmen, and speaker systems for any interested listeners. The events unfolding in this room to be broadcast 24/7 on streaming video.

Any spoken or written communications between congressmen and lobbyists to be felonies for both parties to the communications punishable by not less than 10 years in Leavenworth. Make it the only way to avoid being charged is if either the congressman or lobbyist receives any such illicit communications un-asked for. To invoke this protection, whichever party received the unsolicited communication must immediately report the other to the FBI, who will immediately affect an arrest.

To be exempt from these regulations, the person meeting with the congressmen must be a resident of that official's district.


I know, I know, probably half of that is unconstitutional, not to mention a pipe dream. But I would sure like to see all those back room deals get stomped flat.

[The Annoyed Man]

Why should a local bookstore have to charge a sales tax and Amazon not.

Amazon would have to pay a national sales tax so you should like that. They don't have to pay local sales tax in places they're not local, but Texans who buy from Amazon are required by law to submit the tax because Amazon doesn't.
http://www.window.state.tx.us/taxinfo/use/" onclick="window.open(this.href);return false;

How does Texas realistically expect to collect this tax?

[Bart]

Let's just burn the whole thing down and start over.

That's Cain's plan for federal taxes. I don't like his anti-McDonald position on guns but I like the sound of the 9-9-9 plan if it totally replaces FIT and FICA and there's really no exemptions, no deductions, no loopholes, no sheet.

[sjfcontrol]

Why should a local bookstore have to charge a sales tax and Amazon not.

Amazon would have to pay a national sales tax so you should like that. They don't have to pay local sales tax in places they're not local, but Texans who buy from Amazon are required by law to submit the tax because Amazon doesn't.
http://www.window.state.tx.us/taxinfo/use/" onclick="window.open(this.href);return false;

How does Texas realistically expect to collect this tax?

The expect all honest citizens to calculate the tax, and then just send it in... Oh, wait, you said "realistically"... Nevermind...

(The real answer is, "They Don't!")

[RiverCity.45]

So how many of you are willing to pay an additional 9% on nearly everything you purchase??

[AEA]

Don't forget, that's calculated as tax on tax. State and Local first=Total+National Sales Tax ON TOP OF the others!

The people this will REALLY HURT is Social Security recipients who have to live on a fixed income that has not even had a COL increase in over 2 years!

[RoyGBiv]

So how many of you are willing to pay an additional 9% on nearly everything you purchase??

You can't look at this tax in isolation....
If it was implemented as proposed, your Medicare and Social Security taxes would go away.... your paycheck would get bigger

[AEA]

So how many of you are willing to pay an additional 9% on nearly everything you purchase??

You can't look at this tax in isolation....
If it was implemented as proposed, your Medicare and Social Security taxes would go away.... your paycheck would get bigger

That's true for people who have a paycheck. What about those that don't? Such as SS recipients I mentioned above (13+ Million) and anyone else out of work?

[RoyGBiv]

We're a nation of 300 million people.
We need to account for fixed income people and unemployed in the equation certainly. But what we have now is an undeniable disaster. Let's not toss out any idea that doesn't immediately cover every single need. 999 is an interesting place to start a discussion. Leaving the current tax paradigm in place is unacceptable.

[AEA]

when put that way.
Unfortunately, the media fails to even mention the unemployed and Senior's on fixed income.

[Target1911]

Hmmmmm. It's interesting that its called 999. Flip it over and what do you have??? 666...the foundation of greed, deceit, evil, and the IRS.