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

Chris

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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
 

AquaAthena

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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
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
 

TruthSeeker56

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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.
 

martybegan

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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.
 

NYcarbineer

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

WillowTree

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

WillowTree

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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.
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.
this way we're all equally taxed. good deal, no bitchin
 

NYcarbineer

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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.
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.
this way we're all equally taxed. good deal, no bitchin
So you believe the poor are undertaxed. So you'd support the candidate most likely to raise taxes on the poor?
 

WillowTree

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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.
this way we're all equally taxed. good deal, no bitchin
So you believe the poor are undertaxed. So you'd support the candidate most likely to raise taxes on the poor?
I believe we should all be taxed the same. I think a fair flat tax is the only way to go.
 

NYcarbineer

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Having a plethora of threads about it does not make it true. Chris, you're an idiot.
It's a mathematical fact. If you make 30,000 a year and have a couple kids, you're going to probably pay NO federal income tax and about 6% in payroll tax. At the most.

With Cain's plan, you pay 9% on the entire 30,000, unless you have charitable deductions, plus you pay 9% on almost everything new that you purchase.

That is easily a tax hike.
 

racewright

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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.
this way we're all equally taxed. good deal, no bitchin
So you believe the poor are undertaxed. So you'd support the candidate most likely to raise taxes on the poor?
There are no poor in the USA (only bums) but if the Libs have there way we will have plenty soon.
 

peach174

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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.
this way we're all equally taxed. good deal, no bitchin
So you believe the poor are undertaxed. So you'd support the candidate most likely to raise taxes on the poor?
How can you say that when the poor are being taxed right now at 15%?
IRS Tax table for 2011 has a single person making 8,500.00 tax is 15%.
Under Cain it would be 9%.
 

ScreamingEagle

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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
Why would it necessarily do that...? If corporate taxes are lowered to be really competitive....cost of goods can be more competitive and thus lowered.....and more new jobs and better paying jobs can be created....which means people at all levels will have more OPPORTUNITY and thus MORE MONEY to spend....nobody needs to remain poor if they don't want to....

But if it came to that....such as for those on fixed incomes like social security.... there could possibly be categories of exempt income or goods to help the poor....such as food....which could be tax free or taxed at a lower rate....like many states do....everybody gets the benefit equally....

Of course socialistic "tax credits" will go by the wayside.....gee too bad....
 
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Mad Scientist

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How many believe that the current tax system will be replaced with the "9-9-9" system or that it's just gonna' be added on top of what we pay now?

Herman Cains entire campaign and popularity rides on "replacing the IRS code with that 9-9-9 system".

Don't be fooled: It's a Conservative version of "Hope and Change".
 

Dont Taz Me Bro

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It's a mathematical fact. If you make 30,000 a year and have a couple kids, you're going to probably pay NO federal income tax and about 6% in payroll tax. At the most.

With Cain's plan, you pay 9% on the entire 30,000, unless you have charitable deductions, plus you pay 9% on almost everything new that you purchase.

That is easily a tax hike.
And if Cain's plan were enacted there would be considerably less poor people in this country because our economy would be booming and more people would have better paying jobs available to them. You also don't take into consideration the fact that slashing the CIT from it's current 35% down to 9% would lower the cost of producing goods in this country and make them more affordable for more people. Overall, it's a good deal for American society as a whole.

What's not fair is 50% of this country paying for the other 50%. That is unsustainable and cannot continue.
 

peach174

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If Cain got elected it would make congress talk about tax change seriously.
Cain would veto anything that he didn't think was a fair tax.
 

Dont Taz Me Bro

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If Cain got elected it would make congress talk about tax change seriously.
Cain would veto anything that he didn't think was a fair tax.
If Cain gets elected it's unlikely his 9-9-9 plan will end up being law anyway. I'm sure he'll be able to get some tax reform done, but not what he has been proposing.
 

TruthSeeker56

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OK, I figured SOMEBODY would have noticed the "elephant in the room" before now, but nobody did, so I'll do it.

The title of this topic is "Cain tax plan shifts tax burden from the rich to the poor".

So, the lefties are FINALLY admitting that the TAX BURDEN is CURRENTLY on the RICH!.

Thanks, lefties. It's about time you told the TRUTH! Your "class warfare" game is now OVER.
 

ScreamingEagle

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How many believe that the current tax system will be replaced with the "9-9-9" system or that it's just gonna' be added on top of what we pay now?

Herman Cains entire campaign and popularity rides on "replacing the IRS code with that 9-9-9 system".

Don't be fooled: It's a Conservative version of "Hope and Change".
with the fools we have in Congress that is the real danger.....the change must be drastic not just in bits and pieces....if the corporate and income taxes were just slightly lowered yet a national sales tax of any rate was instituted .... that would not be good...
 

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