Support for Cain's 9-9-9 tax proposal
To the Editor:
I watched the New Hampshire presidential debate and was appalled by the attacks on Cain's 9-9-9 tax proposal -- 9 percent corporate tax, 9 percent income tax and a 9 percent consumption tax (national sales tax).
This is not a tax increase on anyone except those like General Electric and other privileged special interest groups that pay nothing which 9-9-9 would terminate.
Every citizen (consumer) is paying a hidden consumption tax on everything they buy of 22.5 percent or more. A business has to collect it from you first before he can pay his taxes and other expenses like wages, etc.
With Cain's 9-9-9, I will be paying 27 percent in taxes hidden or otherwise. I currently pay 22.5 in hidden taxes and 11 percent federal if I put 23 percent of my check into a 401K. Now let's do some math -- 22.5 plus 11 equals 33.5 percent minus 27 percent under Cain's 9-9-9 equals a 6.5 percent reduction for me.
I am the middle class paper mill worker.
Those that currently pay no federal taxes (9-0-9) will be paying 18 percent. More math -- 22.5 minus 18 percent
equals 4.5 savings for the less fortunate. Since I make good money, I don't mind paying 2.5 percent more than the less fortunate in our society.
The media and the talking heads are keeping the facts from you that Herman Cain has a Phase 2 to his tax proposal and that is the fair tax. It is no taxes on businesses which would bring off shore manufacturers back, no taxes on income which end the IRS and the $800,000,000 they spend collecting taxes, and replace it with a national consumption tax but this comes later because he wants time to explain it and educate the citizens as to why we don't need income taxes.
I think he has a tough job there because of all the special interest groups and many in public office who want to keep it the way it is.
I am going to attempt the educate you today and I hope Cain doesn't mind.
The income tax is one of the biggest reasons why our country is in a decline.
We got it in 1913 thanks to Woodrow Wilson and his progressive, liberal and socialist friends in the Congress. It was first printed in a political document in January of 1848 in London, England. This document said, "These measures will of course be different in different countries. Nevertheless, in most advances countries, the following will be pretty generally applicable."
No. 2 on that list said, "a heavy progressive or graduated income tax." It took them 65 years to get it and we have had it for 98 years, and it is time for it to go.
The document I quoted is the Communist Manifesto. Don't believe me? Go on the internet and read it for yourself.
I support Cain because he is the only candidate that evetually wants to rid us of this repugnant tax system.