Cain tax plan shifts tax burden from the rich to the poor

Discussion in 'Politics' started by Chris, Oct 11, 2011.

  1. Chris
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    Chris Gold Member

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    Typical Republican...

    NEW YORK (CNNMoney) -- Herman Cain has a plan to radically reform the nation's tax system and make things a lot simpler for taxpayers.

    Problem is, it could end up adding to the deficit and shifting the tax burden away from the wealthy and onto the poor, according to some leading tax experts.

    Cain, who's recently moved up in the polls to become one of the leading Republican presidential candidates, is basing much of his campaign on what he calls the 9-9-9 plan, which would get rid of almost all current taxes and replace them with a 9% flat tax on income, a 9% flat corporate tax and a 9% national sales tax.

    Herman Cain's 9-9-9 tax plan: Break for the rich? - Oct. 11, 2011
     
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  2. AquaAthena
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    AquaAthena INTJ/ INFJ

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    And at the bottom of the page in this link, you will find out fast what it means and what Cain thinks of Romney's plan: ( it won't work? )

    DickMorris.com
     
  3. TruthSeeker56
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    TruthSeeker56 Silver Member

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    How does Cain's tax plan shift ANYTHING to "the poor". Must be that "liberal math" at work again.

    EVERYBODY pays the same tax percentage. How is that unfair?

    "Poor" people usually have NO INCOME. They survive on government handouts, and if they DO work, they work at low-paying jobs. So the 9% tax on income would not apply, or would be negligible.

    "Poor" people certainly don't own corporations, so the 9% corporate tax would not apply.

    "Poor" people would only have to pay a 9% sales tax on certain items they purchase.............a tax that EVERYBODY.........rich, poor, black, white, fat, skinny, male, female, etc..........would have to pay.

    TELL THE TRUTH, lefties. After your bodies and brains go through the initial "withdrawal" phase, you may actually get used to being HONEST and having some INTEGRITY.
     
  4. martybegan
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    martybegan Gold Member

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    I guess there would still be some simple exemptions, say the first 20k of income, and raw foodstuffs exempt from the sales tax, but that would be it.
     
  5. NYcarbineer
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    NYcarbineer Diamond Member

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    She says 'shifts'. Do you know what that word means?

    Herman Cain's plan fits the fundamental conservative belief that in today's tax structure,

    the poorer Americans are undertaxed, and the richer Americans are overtaxed.
     
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  6. California Girl
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    California Girl BANNED

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    Having a plethora of threads about it does not make it true. Chris, you're an idiot.
     
  7. WillowTree
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    WillowTree Diamond Member

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    no it doesn't it makes it fair and square we all pay nine persent. how easy is that?
     
  8. WillowTree
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    WillowTree Diamond Member

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    this way we're all equally taxed. good deal, no bitchin
     
  9. NYcarbineer
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    NYcarbineer Diamond Member

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    So you believe the poor are undertaxed. So you'd support the candidate most likely to raise taxes on the poor?
     
  10. WillowTree
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    WillowTree Diamond Member

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    I believe we should all be taxed the same. I think a fair flat tax is the only way to go.
     

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