tag:blogger.com,1999:blog-12897315.post9123889259625613243..comments2024-03-28T09:54:55.115-05:00Comments on Dad29: About that "9-9-9" PlanDad29http://www.blogger.com/profile/08554276286736923821noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-12897315.post-14320203196711013992011-10-14T21:51:44.250-05:002011-10-14T21:51:44.250-05:00"So Jim, you're saying the poor would hav..."So Jim, you're saying the poor would have to pay more than the wealthy or, "pay their fair share"?"<br /><br />Well, I'm pretty sure a family with income of $50,000 is going to be paying pretty close to $4,500 in sales tax or 9% because they will spend most if not all of their income.<br /><br />I'm guessing that a family with an income of $1,000,000 <i>earned</i> income is NOT going to spend anywhere near their total earned income. Let's say they live pretty high on the hog and spend $500,000 during the year. Their effective tax rate is 4.5% compared to the middle class family's 9%. And that doesn't even take into consideration the 0% tax on the wealthy family's investment income.<br /><br />So, yeah.Jimhttps://www.blogger.com/profile/10004209843701697773noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-84096642010394042052011-10-14T07:47:46.670-05:002011-10-14T07:47:46.670-05:00Jim, the static analysis does NOT signal 'more...Jim, the static analysis does NOT signal 'more revenue.' The dynamic anal. DOES--but that's not what Robbins did.<br /><br />Tim: you say 'unlikely,' I say 'the fat lady ain't sung.'<br /><br />Romney is a lying flipper. Perry may yet recover (although his wife's beginning to bother me.)<br /><br />One thing is clear: Obozo has the fight of his life coming up.Dad29https://www.blogger.com/profile/08554276286736923821noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-65068586050191931702011-10-14T07:28:49.186-05:002011-10-14T07:28:49.186-05:00I think the real point of this post is that the ta...I think the real point of this post is that the tax-preparation industry would never let such a proposal stand, in the unlikely event that Cain is elected.Tim Morrisseyhttps://www.blogger.com/profile/00457723301178870851noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-26479398502578091372011-10-13T23:05:31.888-05:002011-10-13T23:05:31.888-05:00Is $9.99 the cost of a Godfather's pizza? Hunt...Is $9.99 the cost of a Godfather's pizza? Huntsman thinks so.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-12897315.post-11724184045928710322011-10-13T21:28:07.021-05:002011-10-13T21:28:07.021-05:00So Jim, you're saying the poor would have to p...So Jim, you're saying the poor would have to pay more than the wealthy or, "pay their fair share"?<br /><br />Personally, I agree with Bachman that any new revenue stream is a bad idea, and our current system is screwed up.TerryNhttps://www.blogger.com/profile/00935444780104778042noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-62884218175351358382011-10-13T20:17:51.582-05:002011-10-13T20:17:51.582-05:00There are a number of analyses out there on 9-9-9....There are a number of analyses out there on 9-9-9. This is the only one I've seen that actually produces more revenue.<br /><br />And it also shifts the tax burden from the wealthy to the poor, as of course it should. Shouldn't it?Jimhttps://www.blogger.com/profile/10004209843701697773noreply@blogger.comtag:blogger.com,1999:blog-12897315.post-82083076426955815002011-10-13T18:33:05.147-05:002011-10-13T18:33:05.147-05:00I agree with you.
The tax guys will never let it...I agree with you. <br /><br />The tax guys will never let it see the light of day. Wonder if they will start throwing money and their power around in the future.<br /><br />Have a GREAT night.Paul - Berry Lakerhttps://www.blogger.com/profile/16328907012571841767noreply@blogger.com