Allfreedom99 said:
Here are my thoughts on 999 and tell me if you see the same. I should read more into it but so far I do like a lot of the components. Many of the people against it say that taxes on the lower and middle class would actually be raised. In a sense I guess you would have to say thats true, but it gets all people paying taxes and having a skin in the game. We all know the a Whopping 47% of Amercians do not pay any federal income tax. That means almost half are not contributing. Having a sales tax ensures a more fair system. Now tell me your thoughts but here is my thinking on his plan. The corporate tax rate is at 35% currently. Under this plan it would drop to 9%. Now we all know that corporations never just "eat" the cost of the corporate tax burden. They pass that extra expense along to consumers to pay which causes the prices of goods and services to go up, correct? So in essense most of the corporate tax burden gets paid by consumers? isn't that fair to say? ...Now that being the case if the corporate tax burden was dropped to 9% that would be a huge increase in available cash to business which would then allow them to expand, hire workers, and drop prices of goods and services. Therefore, while lower income earners may be now paying more for taxes the overall living cost will become lower for them, because the prices of all goods and services will theoretically drop substantially. This means that under Cain's 999 plan wouldn't it actually help lower income earners due to the drop in prices of goods and services that consumers want, need, and desire? |
Prices of goods will rise at point-of-sale. 9% is higher than what i'm used to in Western Pennsylvania, and its even a notch higher than Philadelphia's regionally legendary sales tax

Monster Hunter: pissing me off since 2010.







