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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (635509)11/10/2011 5:41:06 PM
From: Alighieri1 Recommendation  Read Replies (1) of 1583238
 
Well I guess if you're a pig, you can't tell the difference between mud and lotion.

Well then by your own definition, unless you know for sure that these women are lying you are a pig, amirite?

Go ahead and "bore" me with the criticisms against a flat tax scheme. Unless you think you can't defend what you post.

LOL...the 999 is so obviously regressive, you should not need my boring routine and I should not need to defend my claim...unless you are a brain dead pig you should know that under cain's scheme "buffett" would go from 17% to something much closer to 0% than 17% taxes...while his famous family of four eking out at $50/year would see a tax increase of 2K to 3K ....

He (Cain) then gave an example of a family of four earning $50,000. “Today, under the current system, they will pay over $10,000 in taxes assuming standard deductions and standard exemptions. I've gone through the math, $10,000. Now, with 9-9-9, they're going to pay that 9 percent personal — that 9 percent tax on their income. So that's only $4,500. They still have $5,500 left over to apply to this sales tax piece. …They are still going to have money left over.” We’re not sure how Cain calculates that this family now pays $10,000 in taxes, 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. (The family gets a big income-tax savings from the child tax credit, which Cain would eliminate.)

So, in other words, under Cain’s plan, this family would instantly pay $1,000 more in income taxes. They would also pay additional sales taxes, probably more than $3,000, on their purchases. It’s unclear how the business tax would affect the family’s tax bill but it appears this theoretical family would get no tax cut but instead a 100 percent tax increase.


That comes before we discuss the fact that the plan falls short of recovering enough revenue to cover even an optimistically shrunken budget....

Have you read any of this stuff ?

Al
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