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Thread: Checking Herman Cain's math on 9-9-9

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    Re: Checking Herman Cain's math on 9-9-9

    Quote Originally Posted by lpast View Post
    Ive been a republican most all my life...and ive never seen anything like this primary....First Palin was their heroine...then Bachman...then Perry...now Cain...somewhere in there Paul was rising, then they sent out the party elites to start recruiting..Christie was like their 3rd choice...they even considered rubio ..truth is the LV debate they all looked like buffoons except for Gingrich and Romny...the two <gasp> TEAPARTY HATED RINOs....sorry teaparty but your candidates arent going to make it.
    Why does the teaparty that ranted incessantly that obama was unqualified to be president...somehow now believe that Cain is qualified...sorry folks selling pizzas doesnt sell me on a president...Cain said he would release all the gitmo detainees for one america soldier...ok..weve always negotiated right ?...or wrong and everyone is picking his 999 apart...republicans democrats and everyone else.
    Ok so whos taking bets on who is the next GOP hero or heroine
    Cain possesses absolutely nothing in the way of foreign policy. He's got charisma, he's got a simple message, and he used to sell pizza. Beyond that, I don't understand the enthusiasm for Cain.

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    Re: Checking Herman Cain's math on 9-9-9

    Quote Originally Posted by StillBallin75 View Post
    Cain possesses absolutely nothing in the way of foreign policy. He's got charisma, he's got a simple message, and he used to sell pizza. Beyond that, I don't understand the enthusiasm for Cain.
    I agree and the enthusiasm for cain has come AFTER they had and lost enthusiasm for all the other to the right candidates...hes like their last great hope...who can they turn to next..??? theres only rinos left....

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    Re: Checking Herman Cain's math on 9-9-9

    I actually ran the numbers against my own income and I would pay less tax under Cain's plan. This is assuming I spend every dollar that I can spend (which isn't true), in reality my taxes would be even more reduced than my math suggests. Of course, I'm single, have no kids, don't itemize deductions, etc... Basically fall into the "most screwed" class of people in the current tax system. Most of my income is earned income, thus I pay FICA on most of it. I don't have any deductions. I don't get the earned income credit, child tax credit, or other credits/deductions for having kids. Really, I'm not opposed to eliminating tax benefits for having children and all the special deductions people take on their tax return. Fraud is huge. It's just too easy to say you donated $2,000 in "household goods" to your church (AKA, you avoided paying a dump fee by donating your garbage instead of taking it to the dump.)

    The concerns I have with Cain's tax system is he gives massively preferential tax treatment to investment income (it's not taxed), creates a new national sales tax (I can see the tax rate increasing in the future and I'm not a fan of sales taxes to begin with), and I question his revenue neutral math (only information I've seen suggests that it is NOT revenue neutral. Will he have to increase his 9/9/9 to 18/18/18 to make it get current tax revenue? Ugh. That'd be a tax increase for me.)

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    Re: Checking Herman Cain's math on 9-9-9

    Quote Originally Posted by vvx View Post
    I actually ran the numbers against my own income and I would pay less tax under Cain's plan. This is assuming I spend every dollar that I can spend (which isn't true), in reality my taxes would be even more reduced than my math suggests. Of course, I'm single, have no kids, don't itemize deductions, etc... Basically fall into the "most screwed" class of people in the current tax system. Most of my income is earned income, thus I pay FICA on most of it. I don't have any deductions. I don't get the earned income credit, child tax credit, or other credits/deductions for having kids. Really, I'm not opposed to eliminating tax benefits for having children and all the special deductions people take on their tax return. Fraud is huge. It's just too easy to say you donated $2,000 in "household goods" to your church (AKA, you avoided paying a dump fee by donating your garbage instead of taking it to the dump.)

    The concerns I have with Cain's tax system is he gives massively preferential tax treatment to investment income (it's not taxed), creates a new national sales tax (I can see the tax rate increasing in the future and I'm not a fan of sales taxes to begin with), and I question his revenue neutral math (only information I've seen suggests that it is NOT revenue neutral. Will he have to increase his 9/9/9 to 18/18/18 to make it get current tax revenue? Ugh. That'd be a tax increase for me.)
    Cains plan cannot work...everything ive read says his numbers do not add up...and the other republicans at the debate last night ripped his 999 plan also..

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    Re: Checking Herman Cain's math on 9-9-9

    Quote Originally Posted by vvx View Post
    I actually ran the numbers against my own income and I would pay less tax under Cain's plan. This is assuming I spend every dollar that I can spend (which isn't true), in reality my taxes would be even more reduced than my math suggests. Of course, I'm single, have no kids, don't itemize deductions, etc... Basically fall into the "most screwed" class of people in the current tax system. Most of my income is earned income, thus I pay FICA on most of it. I don't have any deductions. I don't get the earned income credit, child tax credit, or other credits/deductions for having kids. Really, I'm not opposed to eliminating tax benefits for having children and all the special deductions people take on their tax return. Fraud is huge. It's just too easy to say you donated $2,000 in "household goods" to your church (AKA, you avoided paying a dump fee by donating your garbage instead of taking it to the dump.)

    The concerns I have with Cain's tax system is he gives massively preferential tax treatment to investment income (it's not taxed), creates a new national sales tax (I can see the tax rate increasing in the future and I'm not a fan of sales taxes to begin with), and I question his revenue neutral math (only information I've seen suggests that it is NOT revenue neutral. Will he have to increase his 9/9/9 to 18/18/18 to make it get current tax revenue? Ugh. That'd be a tax increase for me.)
    I could see where someone of moderate income that was single and did not itemise would pay less under Cain's plan. However, if you ever do have kids and buy a home, and incur all the costs of raising the nation's next generation, then you will see why the current system - while far from perfect - is much better than what Cain is proposing. Under the current system your taxes go down when you are raising kids - when you need the extra money, then go up once they are out of the house - when you have far more disposable income than you did have. The reason why parents are given tax incentives is that the country has a vested interest in people having kids and raising the next generation of workers / producers. One of the biggest fiscal issues and drags on growth in Western Europe is there low birth rates and aging populations. The same is true for Japan.
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    Re: Checking Herman Cain's math on 9-9-9

    Quote Originally Posted by lpast View Post
    Sorry Herman but your Lieing and you must have failed math class
    http://www.politifact.com/truth-o-me...ns-math-9-9-9/
    You must have failed grammar.

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    Re: Checking Herman Cain's math on 9-9-9

    Some independent group ran some numbers and they concluded 84% of the population would see their taxes go up. And it's not the top 84%...

    Edit: Found it
    Study: Cain Tax Plan Raises Taxes On 84 Percent | Fox News

    Herman Cain's 9-9-9 tax plan would raise taxes on 84 percent of U.S. households, according to an independent analysis released Tuesday, contradicting claims by the Republican presidential candidate that most Americans would see a tax cut.
    The Tax Policy Center, a Washington think tank, says low- and middle-income families would be hit hardest, with households making between $10,000 and $20,000 seeing their taxes increase by nearly 950 percent.
    "You're talking a $2,700 tax increase for people with incomes between $10,000 and $20,000," said Roberton Williams, a senior fellow at the Tax Policy Center. "That's huge."
    Last edited by Deuce; 10-19-11 at 11:49 PM.
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    Re: Checking Herman Cain's math on 9-9-9

    Quote Originally Posted by Deuce View Post
    Some independent group ran some numbers and they concluded 84% of the population would see their taxes go up. And it's not the top 84%...

    Edit: Found it
    Study: Cain Tax Plan Raises Taxes On 84 Percent | Fox News
    Your right and that is posted here somewhere...we dont have to worry bout 999 its as dead as Ryans plan to give to the rich and take from everyone else plan...

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    Re: Checking Herman Cain's math on 9-9-9

    Quote Originally Posted by SouthernDemocrat View Post
    I could see where someone of moderate income that was single and did not itemise would pay less under Cain's plan. However, if you ever do have kids and buy a home, and incur all the costs of raising the nation's next generation, then you will see why the current system - while far from perfect - is much better than what Cain is proposing. Under the current system your taxes go down when you are raising kids - when you need the extra money, then go up once they are out of the house - when you have far more disposable income than you did have. The reason why parents are given tax incentives is that the country has a vested interest in people having kids and raising the next generation of workers / producers. One of the biggest fiscal issues and drags on growth in Western Europe is there low birth rates and aging populations. The same is true for Japan.
    I just don't see the need to subsidize reproduction. Yes, if we're really lucky, may be we can raise the population density of the country to the level of NYC. That'd be great. Let's do it! (I suspect the real reason we reward such behavior is because that demographic is a significant percentage of the vote.)

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    Re: Checking Herman Cain's math on 9-9-9

    Quote Originally Posted by vvx View Post
    I just don't see the need to subsidize reproduction. Yes, if we're really lucky, may be we can raise the population density of the country to the level of NYC. That'd be great. Let's do it! (I suspect the real reason we reward such behavior is because that demographic is a significant percentage of the vote.)
    I happen to agree 100%. While we're at it, do away with the EITC as well.

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