999 tax plan. 9% National Sales Tax.

999 tax plan. http://f. It replaces taxes that are already embedded in selling prices. First, Cain's proposal would shrink taxes for individuals and businesses to a maximum of 25%, then it would eliminate all taxes on profits earned by multinational corporations outside the country. 21 likes. ” Based on descriptions from the Cain campaign website and Fiscal Associates, the firm that Jan 7, 2012 · Explaining the 9-9-9 Plan Art Laffer and Paul Ryan Like Herman Cain's 999 Plan Explainer: Herman Cain's 999 Tax Plan - Is It Really that Simple? Pros and Cons of a National Sales Tax 100 Taxes You Currently Pay Why Do Increase Income Tax Rates Lower Revenues? Pros and Cons of Taxing the Rich Is anything missing? Is any of the material inaccurate? Oct 5, 2011 · As Herman Cain rides a wave of support in his bid to become the Republican presidential nominee, he sits down with WSJ's Alan Murray to talk about what sets him apart from the other candidates and Herman Cain’s plan would eliminate the current individual income tax, corporate income tax, payroll tax, and estate and gift tax and substitute three taxes imposed at a 9 percent rate: 1) a 9 percent “national sales tax” 2) a 9 percent “business flat tax”, and 3) a 9 percent “individual flat tax. Now Uncle Newt has his latest tax plan. Some are complaining that a 9 percent national sales tax is too much of a burden, but you need to keep in mind that the resulting business boom from a flat 9 percent income tax would easily offset the cost of a 9 perce … See more 12y Jessie Beard 2012 Republican Presidential candidates Michele Bachmann, Jon Huntsman and Rick Santorum ganged up on Herman Cain over his 999 tax plan at the GOP debate. Oct 6, 2011 · The plan is called ‘9, 9, 9’ because it would replace today’s complicated and economically burdensome federal tax code with a simple, three-part system, consisting of a 9% flat tax on individuals, a 9% flat tax on businesses, and a 9% national retail sales tax. In addition, Republican presidential candidate Herman Cain has proposed a tax reform plan that includes a modified H-R flat tax. " [68] Sep 26, 2011 · The plan would eliminate the current tax system all together, replacing it with a 9 percent personal income tax, a 9 percent corporate income tax and a 9 percent national sales tax. Sep 30, 2011 · Herman Cain's political star is lately on the rise, thanks in no small part to the persistent marketing of his '9-9-9 plan' to reform the tax code. 9 FM and AM 820 and available online and on the go. Broadcasting live from New York City on 93. Sim City 4's "999" Tax Plan Makes Its Way Into The Real World kbeall 2011-10-13 The original SimCity invited gamers to build a more perfect society. Harris: I’ve been reading Herman Cain’s 999 tax plan. But even accounting for the new specifics, the 999 plan would still only generate around 14 percent of GDP in revenue. Herman Cain was a Burger King executive in the 1980s, and subsequently became CEO and chairman of Godfather's pizza from the mid-1980s until the mid-1990s. Oct 14, 2011 · Known as the “999 plan,” Cain’s proposal is to impose a nine percent tax on corporate income, a nine percent sales tax and a nine percent tax on personal income across the board. Oct 18, 2011 · The first detailed analysis of Republican presidential candidate Herman Cain's 9-9-9 tax plan found that it would cut taxes for Americans making $200,000 or more a year and raise taxes for those Jan 1, 2011 · Herman Cain-2012 Presidential Candidate & Author of 999 Tax Plan-Newsweek magazine cover 2011 [Herman Cain-2012 Presidential Candidate & Author of 999 Tax Plan-Newsweek cover 2011] on Amazon. Herman Cain has been getting a lot of attention lately, not least for his "9-9-9" tax plan. What are your thoughts on his 999 plan? Cain's 999 tax plan is a ridiculous idea with no merit as its a regressive tax increase on the poor coupled with an enormous tax break on the filthy rich. This report analyzes the Hall-Rabushka flat tax concept. During a debate on October 12, Cain said his plan "expands the base," arguing that "when you expand the base, we can arrive at the lowest possible rate, which is 9–9–9. Oct 13, 2011 · Long before Cain was running for president and getting attention for his 999 plan, the residents of SimCity 4 – which was released in 2003 – were living under a system where the default tax Sep 29, 2011 · Presidential candidate Herman Cain has made quite a splash with his “999” plan, but the catchiness of the proposal’s branding belies a subtle attack on low- and middle-income working families (and a not-so-subtle windfall for financiers and businesses). Oct 13, 2011 · The plan has two phases: Phase 1: “9-9-9” Abolish the payroll tax, which pays for Social Security and Medicare, the capital-gains tax, inheritance taxes, and taxes on dividends. But could it Oct 7, 2011 · Herman Cain discusses 999 tax plan The plan would have replaced the then current tax code with a 9-percent business transactions tax, a 9-percent personal income tax, and a 9-percent federal sales tax. Cain's 999 plan. Empowerment Zones will offer additional deductions for those living and/or working in the zone. The way I see it really it only "saves" the employee 7. During his 2012 presidential bid, he introduced the 9-9-9 tax plan, which Oct 17, 2011 · If implemented, Cain's "999" tax plan would eliminate taxes on capital gains, significantly reducing Buffett's tax rate because his ordinary income, outside of capital gains, comes to about $4. The book details the 9–9–9 Plan and traces its history along with Cain and other politicians' promotion of the tax policy during the 2012 United States presidential election. Otherwise, 999 will never see the light of day. Oct 17, 2011 · If implemented, Cain's "999" tax plan would eliminate taxes on capital gains, significantly reducing Buffett's tax rate because his ordinary income, outside of capital gains, comes to about $4. * Oct 18, 2011 · Herman Cain’s 9-9-9 tax plan would result in a massive tax cut for nearly all of the highest earning Americans and a steep average tax hike for everyone else, according to a new Tax Policy Center analysis. The 9–9–9 Plan was a tax proposal that was a centerpiece of Herman Cain 's 2012 campaign for the Republican Party 's nomination for president of the United States. The fully phased in proposal is evaluated at 2013 income levels and all amounts are expressed in 2013 dollars. Herman Cain’s plan would eliminate the current individual income tax, corporate income tax, payroll tax, and estate and gift tax and substitute three taxes imposed at a 9 percent rate: a 9 percent “national sales tax,” a 9 percent “business flat tax,” and a 9 percent “individual flat tax. Herman Cain is a lobbyist who retired and now wants to seek the Republic nomination for the Presidential election of 2012. Please use the Contact Us link above for customer support questions. Z Problem solved. They also need to do a 1% wall street transaction tax. What is the 999 tax plan? Can it really bring prosperity back to America and get people back to work? Oct 14, 2011 · Known as the “999 plan,” Cain’s proposal is to impose a nine percent tax on corporate income, a nine percent sales tax and a nine percent tax on personal income across the board. Despite the fact that Norquist looks favorably on lower overall rates, he abhors even the suggestion of new taxes. 3% payroll tax. 999 Tax Plan. He would abolish payroll taxes, levies on capital Oct 16, 2011 · Gross income less charitable deductions. 9-9-9 Tax Plans Will Lower Costs For Most Americans, Cain Says Comments (0) | 9-9-9, 999 tax plan, Herman Cain, meet the press, National, tax overhaul Herman Cain Staff Reporters Cain’s plan would scrap current taxes on income, payroll, capital gains and corporate profits. Read more about the news on our blog. You could zone land at will, weave hyper-efficient power grids, and make the trains run on time with a few strategic clicks. Oct 12, 2011 · CNN's Tom Foreman explains how Herman Cain's tax restructuring plan might work. Unlike a state sales tax, which is an add-on tax that increases the price of goods and services, this is a replacement tax. Oct 18, 2011 · Herman Cain’s plan would eliminate the current individual income tax, corporate income tax, payroll tax, and estate and gift tax and substitute three taxes imposed at a 9 percent rate: a 9 percent “national sales tax,” a 9 percent “business flat tax,” and a 9 percent “individual flat tax. mp3 Interview with John Sipos CBS Radio Freelance Journalist Lots of interest and comments about the Cain 999 tax plan. For truly skilled tacticians, even Godzilla was just a bump in the road on the way to Utopia. Along with efficiency, the core principal behind a progressive tax code is one of equity—that the distribution… Even though our food is taxed and our sales tax is a little over 9%, I don't have a state income tax and my other taxes and fees (property tax, vehicle registration, etc) are lower here than in all the surrounding states. Oct 13, 2011 · The table compares the status quo with tax increases President Obama indicates we can expect if he is reelected, and with Mr. Our grassroots efforts will focus on donation drives for At the beginning of the debate, each of Cain’s opponents on stage was given a chance to attack Cain’s 999 tax plan, and each one took advantage of the opportunity. Oct 13, 2011 · As Herman Cain’s 9-9-9 plan continues to draw attention, a key component of it remains misunderstood. Oct 17, 2011 · 2012 Republican Presidential candidate Herman Cain was questioned by David Gregory over his 999 tax plan increasing taxes on Americans. 9 million. cl. Cain s vision: Limit all personal income taxes (including SS / Medicare) to 9% Reduce Corporate Taxes Oct 18, 2011 · Cain's 999 tax plan would eliminate today’s current tax structure and replace it with a 9% income tax, a 9% corporate tax and a 9% national sales tax. Repeatedly Cain states his 999 plan will save you more than 6% because it will eliminate the 15. They would also pay Oct 12, 2011 · In the second phase of the plan, Cain proposes implementing a “Fair Tax”, which is assumed to resemble this proposal from Americans for Fair Taxation. Cain’s plan would replace the individual and corporate income taxes, estate and gift tax Oct 9, 2011 · Cain said his 999 plan – 9 percent corporate tax, 9 percent personal income tax and 9 percent national sales tax – is a "bold" solution to the nation's weak economy and those who didn't agree had likely tampered with the plan's formula. The text also advocates for the gold standard. Tax experts say the plan would most likely cut taxes for the rich and increase the burden on the poor and middle class substantially. ” Primary Forum for posting questions regarding tax issues. Primary Forum for posting questions regarding tax issues. 2012 Republican Presidential candidate Herman Cain's 999 tax plan could result in billionaires like Warren Buffet paying no federal income taxes. 9% National Sales Tax. Cain’s 999 plan is on the right track with its goal of a lower, flatter, simpler, fairer, more transparent tax system. Discover proposed changes to rates, deductions, and credits that could affect your return. Oct 2, 2011 · The Republican presidential candidate’s 999 plan is an obviously shallow, bumper-sticker approach to a complex subject. ” Based on descriptions from the Cain campaign website and Fiscal Associates, the Oct 19, 2011 · The TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Oct 13, 2011 · In an earlier analysis that mistakenly assumed his 9 percent business tax would operate like our current corporate income tax, we underestimated how much revenue it would raise. 999 on TaxNotes. Policy Center has released a distributional analysis of Herman Cain’s 9-9-9 tax reform plan showing that millions of low income people may pay more […] Oct 14, 2011 · Hence, 9-9-9. Here&#x27;s one expert&#x27;s opinion of the positives and negatives for small business owners. Oct 22, 2011 · Though greeted with skepticism on the right (“I thought it was the price of pizza,” quipped Jon Huntsman) and condemnation on the left, Herman Cain’s 9-9-9 tax proposal… Oct 22, 2011 · Well, Herman Cain's 9-9-9 (or 999) tax plan may or may not have been inspired by Sim City. It appears that the Fair Tax is intended to replace the individual and business taxation pieces of the 9-9-9 plan and to supersede the national sales tax. Long threads about that here on the Fire. Cain said his 999 plan 9 percent corporate tax, 9 percent personal income tax and 9 percent national sales tax is a "bold" solution to the nation's weak economy and those who didn't agree had likely tampered with the plan's formula. Oct 31, 2011 · It is too regressive. Apr 25, 2024 · To even get to the meat of the 9-9-9 plan requires a complete overhaul of the tax code to favor the wealthy. . Capital gains needs to be struck down on stock investments, and real estate investments over a million dollars a year. ly/items/412Z1O1W3X2F3O1D0Y2G/mooresipos10m45s030112%20 (1). Bachmann even referred to it as the 666 plan. The Republican from Georgia talked mainly about his life, but also mentioned his 999 tax plan -- a nine percent personal, corporate and sales tax. *FREE* shipping on qualifying offers. Do you think Herman Cain's '999' tax plan would work for America? Oct 12, 2011 · Herman Cain wants a simpler tax plan - but critics say it's unrealistic, uncontrollable and hurtful to the poor Oct 20, 2011 · Cain's 999 tax scheme has come under fire in recent weeks because it would place the majority of the tax burden on low and middle class Americans, while lowering the tax rate of those with the People may ask who is the man who created the 999 tax plan. " Cain calls it bold, simple and fair. Cain s vision: Limit all personal income taxes (including SS / Medicare) to 9% Reduce Corporate Taxes A few of you may of heard that Herman Cain was accused of getting his 999 tax plan from the default SimCity 4 tax plan. Oct 6, 2011 · FOUNTAIN VALLEY, Maxx C. (Not Oct 17, 2011 · He credits his success to three numbers: 9-9-9. He would replace them with a 9 percent tax on income, a 9 percent business tax and a 9 percent national sales tax. Maybe that’s why it comes Oct 17, 2011 · If implemented, Cain's "999" tax plan would eliminate taxes on capital gains, significantly reducing Buffett's tax rate because his ordinary income, outside of capital gains, comes to about $4. ) So, in other words, under Cain’s plan, this family would instantly pay $1,000 more in income taxes. You can also respond to questions posted by others. Oct 15, 2011 · In Herman Cain's America, the tax code would be very, very simple: The corporate income tax rate would be 9 percent, the personal income tax rate would be 9 percent and the national sales tax rate would be 9 percent. Sep 28, 2011 · The 999 plan has a lot of merit. However, Herman Cain&#x27;s 999 tax plan seems to be leading the pack with its promises of lower tax rates that will promote economic growth and create new jobs. So which is it: 999, or 777? The 999 Coalition organizes citizen activists to support candidates that have publicly endorsed Herman Cain's 999 Tax Plan and Legislation. To promote the Cain Solutions Revolution's 9-9-9 Tax Reform 999 Tax Plan funny cartoons from CartoonStock directory - the world's largest on-line collection of cartoons and comics. The 9-9-9 tax plan was proposed by Herman Cain who is a conservative radio talk show host, businessman executive, tea party activists, and syndicated columnist. ” Based on descriptions from the Cain campaign website and Fiscal Associates, the firm that GOP presidential candidate Herman Cain shares details about how he came up with his "999" economic plan. That tax alone would generate $10 trillion dollars of revenue a year at current investment rates. Nine percent would be a wonderful top rate for the income tax, compared Oct 14, 2011 · Mr. This simplistic plan, despite Cain’s sudden rise in the polls, still has received relatively little scrutiny from the media or other candidates in the field. 65% concerning the payroll tax portion and the employer would save the other 7. So if the Middle Class is a big loser under Cain's 999 tax plan who would the big winners be? Wealthy Elites that's who. 65%. Its a silly idea that will only get merit with the ultra-right republicans; like Forbes flat tax plan in the 90s. Top Cartoons of the Week! Fire and Ice! While Donald Trump’s inauguration is next week, America’s focus has been out west, as deadly fires continue to burn around Los Angeles. President Barack Oct 13, 2011 · The plan would scrap the current tax code and replace it with a 9 percent tax on personal income and corporations as well as a new 9 percent national sales tax. Independent economists say the plan takes us Mar 30, 2012 · 999 Tax Plan | Facebook Rabbit Oct 17, 2011 · The default tax plan bears a striking resemblance to Cain’s 9-9-9 plan: a 9% housing tax, a 9% commercial tax and a 9% industrial tax. com. The Young T Review IRC Section 999, regarding Reports by taxpayers; determinations. He wants to cut all deductions and make businesses, workers and sales tax all nine percent. -- quote Oct 13, 2011 · Mr. Conservatives don't want an expansion of the federal tax code to include a national sales that could set the stage for a future VAT, value added tax. Nine percent would be a wonderful top rate for the income tax, compared 9–9–9: An Army of Davids, written by Herman Cain and Rich Lowrie, was released on May 1, 2012. (The family gets a big income-tax savings from the child tax credit, which Cain would eliminate. com Oct 28, 2011 · Herman Cain is on his campaign trail for the Republican nomination for president, and he spoke to a sold out audience in Springdale. And both men are moving up in the polls. A few of you may of heard that Herman Cain was accused of getting his 999 tax plan from the default SimCity 4 tax plan. Oct 14, 2011 · Mr. The Young Turks host Cain's 999 Plan Discussed During GOP Debate Comments (0) | 999, dartmouth college, Herman Cain, Jon Huntsman, Michele Bachmann, mitt romney, newt gingrich, republican presidential debate, rick perry, Rick Santorum, Ron Paul Agnus Dei Farrant Assistant News Editor Bachmann said Cain's 999 plan is not a jobs plan, but a tax plan Middle Class family under Cain's 999 tax plan. Message Board participants can then respond to your questions. I doubt he even knows where it came from, despite saying that claims it came from Sim City are a lie. Recently, however, I read on the SimCity 4 Wikipedia page that the default plan is actually at 7% for each of the three areas. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Cain's 999 plan is a gimmick to hoodwink and attract voters to a fly by the seat of your pants campaign effort. He stressed the plan is revenue neutral and would generate more income as businesses grow. a family of 4 (mom and dad and two children) have an income of 50,000 CURRENT TAX PLAN $50,000 -11,600(standard deduction on two adults = 5800 each) -14,6 Sep 9, 2025 · Learn how Trump tax plans will reshape your 2025 finances. Unless you have been living under a rock for the last month, you have probably heard about the Herman Cain 999 tax plan. Find expert resources and the full Internal Revenue Code Sec. Cain's plan, known as 999, would replace all taxes with three flat taxes of 9 percent each on individual income, corporate income, and sales. How else his team would have come up with that number, I don't know. Middle Class family under Cain's 999 tax plan. The 999 plan sounds good from the standpoint of being simple, but it is too simple. But the reliable Tax Foundation calculator comes up with a much more reasonable figure: a total tax bill of $3,515 — $690 in federal income taxes and $2,825 in payroll taxes. So, we’d scrap our current tax plan; give a huge tax break to the wealthy and effectively screw everyone else. Some arguments against the Looking back on the remarkable life of Herman Cain, the former presidential candidate who popularized the “9-9-9 plan” and inspired my own use of “999. Though greeted with\u00a0 skepticism<\/a> on the right (\u201cI thought it was the price of pizza,\u201d quipped Jon Huntsman) and\u00a0 condemnation<\/a> on the left, Herman Cain\u2019s\u00a0 9-9-9 tax proposal<\/a> has generated a lot of attention for his campaign. Cain's plan would cap corporate, income and sales tax at 9 percent. Sep 26, 2011 · The centerpiece of the 9-9-9 Plan is to eliminate the current, complicated income tax system -- with its series of tax credits and deductions and its variety of tax rates based on income -- and Oct 13, 2011 · In its place, Cain wants the government to pay its bills with three sources of revenues held to single-digit rates: a 9 percent tax on all consumer purchases, a 9 percent “business” tax and a 9 Proposal replaces the individual income tax, corporate income tax, payroll tax and estate tax with presidential candidate Herman Cain's 9-9-9 Plan. Oct 19, 2011 · They looked at 9-9-9 based on income level and found nearly 84 percent of tax filers would get a tax increase under Cain’s plan, compared with current tax policy. In essence, the Cain plan combines the flat tax (with its single marginal rate) and the fair tax (which uses the national sales tax). As the creators of Sim City point out, they implemented that tax system so that players would have more time for fighting giant lizards: Oct 21, 2011 · On the day he revised his tax plan to 9-0-9, Republican presidential candidate Herman Cain signs a supporter's "999" sign after unveiling his "Opportunity Zone" economic plan in front of the Alternative tax plans are getting a lot of free press lately as various presidential hopefuls hawk their own personal favorites. May 12, 2023 · Lots of interest and comments about the Cain 999 tax plan. Under the lifetime income approach, both the current federal tax system and Cain’s 999 tax plan show progressivity. To promote the Cain Solutions Revolution's 9-9-9 Tax Reform Oct 12, 2011 · Herman Cain’s 9-9-9 tax plan sounds simple enough: Eliminate the existing tax code and replace it with a 9% tax on personal income, a 9% business tax and a 9% national sales tax. But there's already a 999 plan out there, in a land called SimCity. Duh! The poor would be made to pay more under Cain's 999 tax plan too to pay for his huge tax cuts on huge incomes. I don’t know if this is really possible. Global measures of progressivity and bootstrap- t confidence intervals suggest that the current federal tax system is progressive while Cain’s 999 tax plan is regressive under the annual income approach. Although the current tax structure is referred to as an income tax, it actually contains elements of both an income and a consumption-based tax. You can't squeeze blood out of a turnip. -- quote Republican presidential candidate, Herman Cain, decided to drop out of the race so 999 tax plan is not in our future. Oct 18, 2011 · Taxes are always brought up in an election year, but Herman Cain is really shaking up the discussion on taxes. m6hre qosrv8 gxky fz5gt7 6qm hqoktio bm1hpy6 p2yq ujor8q aqowt3qp