Avorysuds
Gold Member
Cain - for just 9.99$ I'll be your President! For the price of a small pizza!
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So you support an inheritance tax...because that money wasn't tax enough when the guy was alive? Anyway, you must also then support a tax on anything that guy making $40k bequeaths to his child. Sounds like you also support a cap gains tax, despite that the money used to invest was already taxed.
I support an inheritance tax because I don't think my tax dollars should be used to transfer wealth from a rich guy to his kids. If he wants it transferred, make him take responsibility himself. Make him pay for it.
I support a tax on capital gains because the GAIN is what we're discussing and NOT the money used to get that gain. If you earned it, you pay your fair share just like the rest of us.
So you support an inheritance tax...because that money wasn't tax enough when the guy was alive? Anyway, you must also then support a tax on anything that guy making $40k bequeaths to his child. Sounds like you also support a cap gains tax, despite that the money used to invest was already taxed.
I support an inheritance tax because I don't think my tax dollars should be used to transfer wealth from a rich guy to his kids. If he wants it transferred, make him take responsibility himself. Make him pay for it.
I support a tax on capital gains because the GAIN is what we're discussing and NOT the money used to get that gain. If you earned it, you pay your fair share just like the rest of us.
Okay but by that logic, the middle class guy must also have his inheritance taxed. Personally, I think if a family is productive enough and acts responsibly enough to leave money their kids, the government should not get to tax what it already taxed.
Re capital gains, that GAIN came with considerable risk. Lots of investments that would be subject to cap gains result in a loss...sometimes a total loss. I don't like the idea of taxing income then taxing gains when that income is invested. More importantly, imagine how many jobs are not created because of a capital gains tax. Imagine all the money not reinvested into other ventures due to the tax.
Of course, if the government lived within its confines of power, we wouldn't need an income or cap gains tax, but that's another story.
Tell that to a single mom making $25,000 a year.well with the payroll tax being eliminated for a 9% income tax then the increase on the poor isn't 9% its 2.8%, which isn't as bad.
I already showed it, but will again.How is everyone having to pay 9% income tax, with no exeptions, not an equal burden? Everyone pays the same exact percent of their income in taxes. You need to elaborate on this more, and if you can help it don't multi-quote me that way, just number the paragraphs or something it makes quoting back get all messy.
Example 1 - Single man making $40,000 a year from his job pays $3,600 in income taxes.
Example 2 - Single man making $40,000 in dividends from stocks given to him by his parents pays $0 in income taxes.
That's Cain's plan.
Tell that to a single mom making $25,000 a year.well with the payroll tax being eliminated for a 9% income tax then the increase on the poor isn't 9% its 2.8%, which isn't as bad.
I already showed it, but will again.How is everyone having to pay 9% income tax, with no exeptions, not an equal burden? Everyone pays the same exact percent of their income in taxes. You need to elaborate on this more, and if you can help it don't multi-quote me that way, just number the paragraphs or something it makes quoting back get all messy.
Example 1 - Single man making $40,000 a year from his job pays $3,600 in income taxes.
Example 2 - Single man making $40,000 in dividends from stocks given to him by his parents pays $0 in income taxes.
That's Cain's plan.
So you support an inheritance tax...because that money wasn't tax enough when the guy was alive? Anyway, you must also then support a tax on anything that guy making $40k bequeaths to his child. Sounds like you also support a cap gains tax, despite that the money used to invest was already taxed.
I have a better idea than all these taxes. Stop spending so much. Simple but effective.
To be honest Cain is not that bad, I like him over Perry and Mitt, well.... In order I like Ron Paul/Garry then Newt/Cain then the rest can get the fuck of the stage. Any of these 4 would be better than what we have imo.
Example 1 - Single man making $40,000 a year from his job pays $3,600 in income taxes.
Example 2 - Single man making $40,000 in dividends from stocks given to him by his parents pays $0 in income taxes.
That's Cain's plan.
I make under 40k/year and I support the 9-9-9 plan.
That 40,000/year is income and will be taxed at 9% if you earn it from investements or if you earn it from labor.
Your example is off. Both would be paying $3,600/year. How is that not fair when right now capital gains is lower than personal income (well according to obama/buffet)?
Don't forget under the 999 plan there are no exemptions for ANYTHING for ANYONE. Which I like, no more loopholes and companies like GE paying zero taxes.
under cain's 9-9-9 plan you would pay 9% on your inheritnace INCOME .
To be honest Cain is not that bad, I like him over Perry and Mitt, well.... In order I like Ron Paul/Garry then Newt/Cain then the rest can get the fuck of the stage. Any of these 4 would be better than what we have imo.
Hey I like Ron Paul a lot too man, I just don't see him as a president. Cabinet member for sure, put him in charge of overseeing the fed .
under cain's 9-9-9 plan you would pay 9% on your inheritnace INCOME .
Really? Is that why he has listed "Ends the Death Tax." ?
999 | Herman Cain for President
under cain's 9-9-9 plan you would pay 9% on your inheritnace INCOME .
Really? Is that why he has listed "Ends the Death Tax." ?
999 | Herman Cain for President
If its considered income it will be taxed at the 9%.
Is inheratance an income, is a ROI income?
I'll re-read it all just in case I misunderstood.
Tell that to a single mom making $25,000 a year.
I already showed it, but will again.
Example 1 - Single man making $40,000 a year from his job pays $3,600 in income taxes.
Example 2 - Single man making $40,000 in dividends from stocks given to him by his parents pays $0 in income taxes.
That's Cain's plan.
So you support an inheritance tax...because that money wasn't tax enough when the guy was alive? Anyway, you must also then support a tax on anything that guy making $40k bequeaths to his child. Sounds like you also support a cap gains tax, despite that the money used to invest was already taxed.
I have a better idea than all these taxes. Stop spending so much. Simple but effective.
under cain's 9-9-9 plan you would pay 9% on your inheritnace INCOME .
under cain's 9-9-9 plan you would pay 9% on your inheritnace INCOME .
Really? Is that why he has listed "Ends the Death Tax." ?
999 | Herman Cain for President
If its considered income it will be taxed at the 9%.
Is inheratance an income, is a ROI income?
I'll re-read it all just in case I misunderstood.
...a tax hike for lower income earners.
...a tax hike for lower income earners.
Do you support a tax code where half pay no income tax? Just curious.
If its considered income it will be taxed at the 9%.
Is inheratance an income, is a ROI income?
I'll re-read it all just in case I misunderstood.
Let me know what you find because my understanding of the plan is income is taxed but no taxes on capital gains, dividends or inheritance, at all, ever.
If its considered income it will be taxed at the 9%.
Is inheratance an income, is a ROI income?
I'll re-read it all just in case I misunderstood.
From his site:
Features zero tax on capital gains and repatriated profits
Lowest marginal rates on production
Allows immediate expensing of business investments
Eliminates double taxation of dividends
His plan is a massive tax cut for the wealthy, a significantly smaller tax cut for the middle class, and a tax hike for lower income earners.
...a tax hike for lower income earners.
Do you support a tax code where half pay no income tax? Just curious.
No.
Lower income earners still pay taxes, however.