Recent Blog Entries

  • israeli source: Not a big campus located in western Gaza hospital is "Shifa" national symbol of Gaza The hospital drains it most of the injured systems between Israel and Hamas and other terrorist organizations public relations dozens of photographers and Hamas are set outside the hospital waiting...
  • The July 2014 cover story of Earth: The Magazine Of The American Geosciences Institute warns “Creationism Comes To The County Fair'.   It is further cautioned “County fairs have proved good places for creationists to reach captive audiences”.   But aren't these venues...
  • 12 hours ago
    Posted by Chip Murray
      Economic Patriotism?   Posted on July 29, 2014by Chip Murray     Obama’s “Economic Patriotism” “Rather than double-down on the top-down economics that let a fortunate few play by their own rules, let’s embrace an economic pat...
  • Mon at 3:32 PM
    Posted by ma ko
    At war: Lieutentant Colonel Winston Churchill with the 6th Battalion, The Royal Scottish Fusiliers, during the First World War. (Image Source: Daily Mail)  Winston Churchill left for posterity a great mass of writings about the Western world in war and peace, from the perspective of a mili...
  • In Jurassic Park, the chaos theorist played by Jeff Goldblum quipped that scientists were in such a hurry to find out if they could that they never took the time to consider whether they should when it came to resurrecting extinct dinosaurs through genetic cloning technology. The comment was quite p...
  •   The Sunday Morning Tune-up ~ July 27, 2014   Posted on July 27, 2014by Chip Murray   “before we ever realize” For the first time since 2005, I requested a lunch meeting with one of the two men I report to. I work for a large multi-national fina...
  •   The Islamic Army (IS) Fed by the NWO Creates the Perfect Storm!   Posted on July 26, 2014by Chip Murray   The Dresden Angel of Death “When New Yorker editor David Remnick pointed out to Obama during a November interview that years after Osa...
  • July 24
    Posted by ma ko
      LA Times Israelis turn out en masse for funeral of soldier from Los Angeles http://www.latimes.com/world/middleeast/la-fg-israel-soldier-funeral-20140723-story.html NBC Thousands mourned California-born Sgt. Max Steinberg who died fighting in the Gaza Strip after volunteering t...
  • July 24
    Posted by Chip Murray
      New Earth   Posted on July 24, 2014by Chip Murray   There’s a new earth under you… New Earth ~ Chip Murray/ Lead Vocal, Guitars, Harmonica                 &nb...
  • The deputy editor of USA Today reflecting upon the update of the series Cosmos remarked, “Carl Sagan fought pseudoscience with a smile and wide-eyed wonder. One of the taglines from the series was 'The Cosmos is all there was, is, or ever will be'.” That famous catchphrase is itself non...

Herman Cain’s 999 tax reform plan

  • Anybody have an opinion on Herman Cain’s 999 tax reform plan?

     

    - It ends the Payroll Tax completely

    - Business Flat Tax – 9%

    - Gross income less all investments, all purchases from other businesses and all dividends paid to shareholders

    - Empowerment Zones will offer additional deductions for payroll employed in the zone

    - Individual Flat Tax – 9%

    - Gross income less charitable deductions

    - Empowerment Zones will offer additional deductions for those living and/or working in the zone

    - National Sales Tax – 9%

     

    I don’t like it. This puts into effect both an income tax and a federal sales tax. Anyone doubt both those will be eventually be raised?

     

    Under Cain’s plan your income will be taxed before you spend it (as it is now) and you’ll pay a new federal sales tax when you spend your money.  Plus, you’ll be paying that 9% business  too when you make a purchase because businesses will build their tax into the price you pay.

     

    Apparently that is just Phase 1 but all he mentions in the debate. Phase 2 moves to a Fair Tax but I don’t know how things change with that.

     

    http://www.hermancain.com/wp-content/themes/hc/images/economicgrowth.pdf

Comments

24 comments
  • Jon Enigma likes this
  • Chris  just chris
    Chris just chris Jeff,I'm betting the number wouldn't grow much. With everybody having "skin in the game" it would be VERY politicly unfavorable.
    September 27, 2011
  • George F
    George F Unfortunately Rich, you suffer the same delusion about the 16th as most Americans. The Supreme court has ruled not once but thrice that the 16th conferred no new powers of taxation nor created a new taxable class. Nor did it repeal Article 1, section 9 ...  more
    September 28, 2011
  • Rich "NOT a Pagan" Helmold
    Rich "NOT a Pagan" Helmold Well the "delusion" unfortunately has a reality known as a massive income tax system, apparently the SC hasn't found that unconstitutional.
    September 28, 2011
  • George F
    George F The SC hasn't found the massive income tax system unconstitutional simply because it is not unconstitutional. It goes out of its way to be absolutely constitutional - that is why it is so complex. The real question you should ask yourself is does it ap...  more
    September 28, 2011