Herman Cain's 9-9-9 Tax Plan

Posted Sunday, October 23, 2011, at 1:31 PM
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  • Ah, but what Presidential candidate's proposal has ever survived the great gauntlet called Congress?

    -- Posted by LifeObserver on Sun, Oct 23, 2011, at 4:09 PM
  • In 1913 the tax code was 400 pages long and the form was (the only form) 4 pages, two of which were the instructions. Today in 2011 the code contains 72,536 pages. To put that into context if you put each page end to end you would have a document 13 miles long.

    -- Posted by hgallatin on Sun, Oct 23, 2011, at 8:32 PM
  • I am afraid that I am becoming more pessimistic about our government. I feel that the state legislators' antics this past summer prove that our government is broken. While my voting records tilts towards the Democratic side, the actions of the Democrats in Indiana and Illinois were inexcusable and all involved should have been fired. The majority of votes put the Republicans in power and that is the way it's supposed to work. Instead the Democrats had a huge tantrum and we let them get away with it. I wonder if their hotel bills during that time were put on their expense accounts and charged to us as well? Imagine an employee leaving town when he is supposed to be at work and then charging you for his hotel while away??? The fact that taxpayers did not react negatively really worries me.

    The same is happening in our federal government. Too many are thinking about their next election instead of the job they were hired to do now. Doesn't matter what party they belong to...then good men like senator Lugar is chastized for talking things out with the opposite party. Instead he should be applauded for trying to come to a compromise.

    I too would love to see a flat tax with no loopholes. No mortgage interest deduction, no child deduction etc etc. then maybe it would put more responsibility back on the people in and out of government to be responsible for their decisions.

    I am however a bit concerned about the sales tax. There are many poor who must buy necessary items and this taxes them at a higher percent of their income. I feel that sales tax should be divided into luxury items or a "sin" tax for those things not needed....Harder to do yes. Instead maybe tax those things that visitors might buy since their income isn't taxed. Things like hotel and restaurant bills [eating out isn't a necessity]could bring in some of the revenue that otherwise would not come in from out of state visitors in income tax.

    Yes the tax system is broken but so are alot of other things in our government. We need to bite the bullet and demand that changes be made.

    Just thoughts. Have a good day.

    -- Posted by Jenny Moore on Fri, Oct 28, 2011, at 4:27 AM
  • I looked at Cains plan again. He still has mortgage exemption and capital gains exemptions in place. Both regressive taxes that end up taxing the poor at a higher percentage rate as gives breaks to those who have the money to invest and buy a house. To date I haven't seen a real flat tax proposed.

    -- Posted by Jenny Moore on Sat, Oct 29, 2011, at 3:54 AM
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