Republican candidate Herman Cain on Meet the Press today:
The 9-9-9 plan would replace the complex U.S. tax code with a 9 percent income tax, a 9 percent corporate tax and a new 9 percent national sales tax.
“Who would pay more? The people who spend more money on new goods. The sales tax only applies to people who buy new goods, not used goods. That’s a big difference,” Cain told NBC.
So, can I interest you in some pre-owned pizza, Herman?
I bet it’ll cost you a lot less than new.
Oct 16, 2011 @ 15:57:15
howz about recycled toilet paper, too?
Oct 16, 2011 @ 16:13:34
Haha, good one!
Oct 16, 2011 @ 16:13:35
Let’s see — a 9% income tax. The very poor would be paying more income tax and the wealthy would be paying a dramatically reduced income tax. Don’t compute!
Oct 16, 2011 @ 16:16:39
Herman says also not to “muddy the waters” by factoring in state sales taxes on top of the 9% federal sales tax. Here in Texas, we’d be paying over 15% in combined state and federal taxes for everything we bought. Except for the recycled toilet paper like Daisyfae mentioned.
Oct 16, 2011 @ 17:30:19
Hi,
it seems all Country’s are in the tax thing at the moment. Our Government here in Australia are introducing new taxes and new tax system as well.
Oct 16, 2011 @ 17:57:27
More taxes and no social security… Cain is a marketing genius…
And I thought Michele Bachmann was the idiot in this race…
Oct 16, 2011 @ 17:59:17
Amen.
Oct 16, 2011 @ 23:35:34
I like your appropriate use of the tag “holy shit” here.
Oct 17, 2011 @ 07:06:42
Hell. I’m going to open up some thrift stores as soon as Cain gets elected. I’ll make a killing. I’m looking myself to purchasing some used underwear, toothbrushes, and soap.
Oct 17, 2011 @ 07:51:22
If the really rich paid 9% income tax, it would be 9% more than many of them are paying now. It’s tough for me to listen to any proposals at this point without thinking that, even as they are being verbalized, a cadre of lawyers and accountants are coming up with ways for some folks to avoid. And no one should look at old pizza before 9AM.
Oct 18, 2011 @ 11:09:06
Used stuff is good enough for the other 99%, huh? Wonder how that works with food, gasoline, utilities, medicines, etc.?
Compost, Herman. Absolute compost!