Page 1 of 6 123 ... LastLast
Results 1 to 10 of 59

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

  1. #1
    Sage
    lpast's Avatar
    Join Date
    Mar 2011
    Location
    Fla
    Last Seen
    05-21-16 @ 10:12 PM
    Gender
    Lean
    Independent
    Posts
    13,565

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

    Sorry Herman but your Lieing and you must have failed math class


    "Most people are going to pay less in taxes," Cain, a former pizza chain executive, said Oct. 5, 2011, aboard his campaign bus stopped in St. Petersburg. "Why? Because we're expanding the base."

    Cain told us he even worked out the math himself. Someone earning $50,000 a year would pay less in taxes under his 9-9-9 than they do under the current system, he said. Under the current system, a person who earns $50,000 a year "pays about $10,000 in taxes," Cain said. "A big part of that is the payroll tax." Cain then walked us through his 9-9-9 plan and said the same person would "still have $2,000 left over."


    Mostly False !!!!!! and everyone under 50k gets to pay lots more....

    http://www.politifact.com/truth-o-me...ns-math-9-9-9/

  2. #2
    Global Moderator
    Moderator
    Anagram's Avatar
    Join Date
    Jun 2011
    Location
    St. Louis MO
    Last Seen
    Today @ 11:31 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    6,190

    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


    "Most people are going to pay less in taxes," Cain, a former pizza chain executive, said Oct. 5, 2011, aboard his campaign bus stopped in St. Petersburg. "Why? Because we're expanding the base."

    Cain told us he even worked out the math himself. Someone earning $50,000 a year would pay less in taxes under his 9-9-9 than they do under the current system, he said. Under the current system, a person who earns $50,000 a year "pays about $10,000 in taxes," Cain said. "A big part of that is the payroll tax." Cain then walked us through his 9-9-9 plan and said the same person would "still have $2,000 left over."


    Mostly False !!!!!! and everyone under 50k gets to pay lots more....

    http://www.politifact.com/truth-o-me...ns-math-9-9-9/
    He's also said that the plan is revenue neutral, but I have yet to see an economist work out the numbers so that it generates more than 90% of our current revenue. I went to his website to check the facts like he said in the debate tonight, and here is all he had.

    " According to former Reagan Treasury official Gary Robbins, of Fiscal Associates, the 9-9-9 Plan will expand GDP by $2 trillion, create 6 million new jobs, increase business investment by one third, and increase wages by 10%."

    Just a statement by a former Treasury official. No methodology for the numbers, no links to any math, just a statement by a guy who I've never heard of. I'd welcome anyone who could provide me with any methodology that shows the 999 plan being revenue neutral.
    There should be Instant Runoff Voting

  3. #3
    Sage

    Join Date
    Aug 2011
    Location
    Texas, Vegas, Colombia
    Last Seen
    11-28-16 @ 06:38 PM
    Gender
    Lean
    Other
    Posts
    20,295

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

    we need a better explanation of Herman's math.. preferably by Herman himself.


    He has a plan (the only alternative plan being pushed), but he isn't really giving anyone the details on how it's supposed to work as he sees it.

  4. #4
    Sage
    Gill's Avatar
    Join Date
    Dec 2005
    Location
    The Derby City
    Last Seen
    12-08-17 @ 10:39 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    8,686

    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
    Cain has a degree in mathematics and a Masters in computer science, so sounds like he did just fine in math class.


    "Most people are going to pay less in taxes," Cain, a former pizza chain executive, said Oct. 5, 2011, aboard his campaign bus stopped in St. Petersburg. "Why? Because we're expanding the base."

    Cain told us he even worked out the math himself. Someone earning $50,000 a year would pay less in taxes under his 9-9-9 than they do under the current system, he said. Under the current system, a person who earns $50,000 a year "pays about $10,000 in taxes," Cain said. "A big part of that is the payroll tax." Cain then walked us through his 9-9-9 plan and said the same person would "still have $2,000 left over."


    Mostly False !!!!!! and everyone under 50k gets to pay lots more....

    http://www.politifact.com/truth-o-me...ns-math-9-9-9/
    What most critics of Cain's plan forget to take into account is the lower prices for goods and services that will result. Businesses will have lower corporate taxes and will pay almost 8% less for employee salaries. Presumably, the lower costs will be passed through to consumers.

    While I'm not convinced that Cain's plan is the way to go, Politifact is not being accurate, which is not unusual for them.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  5. #5
    Advisor DontDoIt's Avatar
    Join Date
    Jan 2011
    Location
    Illinois, Land of Liberals
    Last Seen
    11-22-15 @ 12:41 AM
    Gender
    Lean
    Conservative
    Posts
    391

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

    Households making an average of $50,000 will pay roughly $2700 more in taxes, along with 84% of other households, who would also see tax increases, so no, I do not support the numbers at all. I support the simple tax reform, but there's no reason to raise taxes on 84% of Americans, while slashing Corporations. Lower the income tax rate below the national average that it is now, and I'd jump on the bandwagon.

    999 Plan: Herman Cain's Proposal Would Raise Taxes On 84 Percent, Study Shows
    "It is a sad day in society when people adjust the facts to fit their beliefs, rather than adjust their beliefs to fit the facts."
    Libertarian/Conservative/Christian Beliefs

  6. #6
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    12-10-17 @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

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

    Quote Originally Posted by Gill View Post
    Cain has a degree in mathematics and a Masters in computer science, so sounds like he did just fine in math class.




    What most critics of Cain's plan forget to take into account is the lower prices for goods and services that will result. Businesses will have lower corporate taxes and will pay almost 8% less for employee salaries. Presumably, the lower costs will be passed through to consumers.

    While I'm not convinced that Cain's plan is the way to go, Politifact is not being accurate, which is not unusual for them.
    Is there any evidence that the plan will actually lower prices? And assuming this is true, does it actually balance out the fact that the plan negatively impacts consumers in other ways? In other words, so what if it lowers prices? It's still highly regressive and will raise taxes for most people.

    The entire plan is essentially a 27% tax on wages.
    Last edited by StillBallin75; 10-19-11 at 05:04 PM.

  7. #7
    Sage
    Gill's Avatar
    Join Date
    Dec 2005
    Location
    The Derby City
    Last Seen
    12-08-17 @ 10:39 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    8,686

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

    Quote Originally Posted by StillBallin75 View Post
    Is there any evidence that the plan will actually lower prices?
    What kind of evidence would you like to see ???

    Typically when the cost of producing a product/service drops, competitive pressure lowers prices.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





  8. #8
    pirate lover
    liblady's Avatar
    Join Date
    Aug 2009
    Location
    St Thomas, VI
    Last Seen
    03-14-16 @ 03:55 PM
    Gender
    Lean
    Progressive
    Posts
    16,165
    Blog Entries
    1

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

    Quote Originally Posted by DontDoIt View Post
    Households making an average of $50,000 will pay roughly $2700 more in taxes, along with 84% of other households, who would also see tax increases, so no, I do not support the numbers at all. I support the simple tax reform, but there's no reason to raise taxes on 84% of Americans, while slashing Corporations. Lower the income tax rate below the national average that it is now, and I'd jump on the bandwagon.

    999 Plan: Herman Cain's Proposal Would Raise Taxes On 84 Percent, Study Shows
    i'm quite happy to see a conservative make sense here.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  9. #9
    pirate lover
    liblady's Avatar
    Join Date
    Aug 2009
    Location
    St Thomas, VI
    Last Seen
    03-14-16 @ 03:55 PM
    Gender
    Lean
    Progressive
    Posts
    16,165
    Blog Entries
    1

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

    Quote Originally Posted by Gill View Post
    Cain has a degree in mathematics and a Masters in computer science, so sounds like he did just fine in math class.




    What most critics of Cain's plan forget to take into account is the lower prices for goods and services that will result. Businesses will have lower corporate taxes and will pay almost 8% less for employee salaries. [B]Presumably, the lower costs will be passed through to consumers.[B]

    While I'm not convinced that Cain's plan is the way to go, Politifact is not being accurate, which is not unusual for them.

    very, very funny.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  10. #10
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    12-10-17 @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

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

    Quote Originally Posted by Gill View Post
    What kind of evidence would you like to see ???

    Typically when the cost of producing a product/service drops, competitive pressure lowers prices.
    What makes you think that firms will actually face a drop in costs? The 9% "business tax" is a VAT tax, which is essentially another 9% tax on income. It works very differently from the current corporate tax, which taxes profits.

Page 1 of 6 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •