You can read the Yahoo article to find out how it works in Cyberland. Cain has not released any specific details of how his 9-9-9 Plan will work. I suspect the Easter Bunny may become involved in Cains Tax Plan.
The first disturbing fact is the third 9 or the Federal Sales Tax added in the tax code. Adding any tax further complicates the tax code. Any savings of the $430 billion we spend each year on filing taxes would be lost in collecting the new tax. Why do we separate incomes from Corporate Tax and Income Tax? The reason for the difference is to allow special interest loopholes, subsidy and exemptions to some and deny others in the unfair tax rule. Corporations are People according to Mitt Romney and the Supreme Court. Corporation aren't people in the Tax Code. They're exempt in their own unfair sections. So we have part time people! Corporations have a Tax I.D. Number and contribut nada to Social Security.
People, including myself cross state lines in search of lower taxes on goods. Gasoline, Liquor and Tobacco products vary from state to state. With a National Sales Tax people would tend to buy in foreign Canada or Mexico and smuggle across the border. We did this during Prohibition. Also Cains Tax plan doesn't tax used merchandise. An obvious loophole of used Bentley's for sale and other toys for the Rich.
If your poor and many are. You will see an immediate hit of 9% you didn't pay before. If you earn $20,000 and buy a new car you pay 9 plus 9 or 18% tax. If your car should be repossessed by the Bankster, the tax is lost as well. If your rich you will see an immediate reduction of 20% of taxes due or more. People who make millions keep their million and will spend it overseas to avoid the Tax.
I say, flat tax everybody. Pay the same no exception, no exemption, no deductions and no divide between how money was earned or by whom. I say further, Taxes, Social Security and Health Insurance deduction should be collected by the Banker when you cash any checks. Uncle Sam has demanded all money funnel through the Bankster anyhow. Banksters have the computers and access to records to expedite tax collection cheaply.
The employers could and should focus on building a stronger GDP. Instead they're inundated with a complicated tax code and verifying citizens from the 22 million free ranging criminal invaders. This is a unfair burden to Corporate America and stifles competition in world markets. The Bank can instantly identify who's legal and who is not. The citizen becomes in charge of his Social Security and Health Insurance deductions. No more April 15th deadlines or Insurance Prison. The Bankers collect the money for the government.
The Republican front runner is still Mitt Romney with Herman Cain close behind. Many give third place to Rich W Perry. Perry is falling like a rock all month. Romney was attacked from friendly fire for being a Moderate and not a true Conservative. Gotta be careful on who's a true Conservative. I only see Republicans and no real Conservatives in a very long time. The answer here is in the definition applied as Conservatives. Gifting tax breaks and special interest exemption from polluting the planet aren't considered Conservative by definition.
Rick W Perry announced his unencumbered plans to drill baby drill and grant special environmental and tax burdens to big oil in his economic plan. Perry is obviously running for Governor of America and clueless about being President. America still remembers the images of foreigner BP Deepwater Horizon explosion that killed 11 Americans needlessly and polluted the Gulf of Mexico.
Buddy Roemer former Governor of Louisiana is in the hunt now and offers a new insight to the Presidential Race. Mitoosense will begin watching this guy closer in the future. Mitoosense has dropped all candidates except Romney and Roemer for various reason.
The Occupy Wall Street entered it's forth week of Occupation in Fort Apache. Mayor Bloomberg has his panties in a bunch trying to eradicate Americas homeless from the Wall Street's doorstep. Not good for business and guarding the bronze bull from the Escape from New York crowd is costly. The Mayor and all of America is now exposed to the fallout from the 2big2fail Bailouts. The two year delay is no doubt found in the downward spiral of Main Street since the Covert Bush Handouts in 2008. It's not clear if Obama will call on FEMA or the Military to intervene between The Protestestors and Gordon Gekko supporters
President Obama is pushing his jobs bill to Congress and Bully Pulpit. Americans are not with him on another stimulus package. The jobs bill will likely increase the Dow Jones and create more jobs in China again. A lateral election motivation and all politics.
Mexico's President Calderone prophecy came true recently. Calderone had charged the US was allowing US made weapons into Mexico's Drug Cartels. Attorney General Eric Holder is sittin on a Fast and Serious time bomb in front of the American people.
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