About Me

In writing the "About Me" portion of this blog I thought about the purpose of the blog - namely, preventing the growth of Socialism & stopping the Death Of Democracy in the American Republic & returning her to the "liberty to abundance" stage of our history. One word descriptions of people's philosophies or purposes are quite often inadequate. I feel that I am "liberal" meaning that I am broad minded, independent, generous, hospitable, & magnanimous. Under these terms "liberal" is a perfectly good word that has been corrupted over the years to mean the person is a left-winger or as Mark Levin more accurately wrote in his book "Liberty & Tyranny" a "statist" - someone looking for government or state control of society. I am certainly not that & have dedicated the blog to fighting this. I believe that I find what I am when I consider whether or not I am a "conservative" & specifically when I ask what is it that I am trying to conserve? It is the libertarian principles that America was founded upon & originally followed. That is the Return To Excellence that this blog is named for & is all about.

Thursday, August 15, 2013

Herman Cain's Pick A Tax Poll

Below is a message I received from Herman Cain regarding a poll he is conducting to pick a federal tax plan that he promises to get behind on his daily radio program & other public appearances.  Since Neal Boortz retired in January the FairTax has not had a regular national radio voice proponent & this poll gives us a chance to reunite with Herman.  (Neal also had been a guest from time to time on FNC - Megyn Kelly, Neil Cavuto, Fox & Friends, & Sean Hannity - spreading the FairTax word.  In his last book Neal says he does not know why that ended about this time last year.)
 
The three choices for the poll are the FairTax, the Heritage Foundation's New Flat Tax, & 9-9-9.  Herman provides his own thumbnail sketch below describing each of these plans.
 
Herman knows the FairTax always wins these types of polls so I think he is using his poll as a mechanism for him to get back on board the FairTax team after his brief sojourn to 9-9-9.
 
Let's not let him down – you can cast your vote by clicking on the link @ the bottom of the page.  FairTax national says "Cain states that once his audience makes their choice, he will go national with a replace the tax code program 'that the politicians cannot ignore.' In order to vote, you must 'opt-in' to his program so your vote counts, however, his site also says you can 'opt-out' after you vote."
 
 
!CAIN Alert!Take Action!CAIN Alert!Take Action!CAIN Alert!Take Action! 



FAIR TAX

The FairTax is a revenue-neutral, single-rate, federal retail sales tax collected only once, at the final point of purchase of new goods and services for personal consumption. Used items are not taxed. It includes:

 

  • A 23 percent (of the tax-inclusive sales price) sales tax imposed on all retail sales for personal consumption of new goods and services.
  • While permitting no exemptions, the FairTax provides a monthly universal prebate to ensure that each family unit can consume tax-free at or beyond the poverty level, with the overall effect of making the FairTax progressive in application. As a result, a person spending at the poverty level has a 0 percent effective tax rate, whereas someone spending at twice the poverty level has an effective tax rate of 11.5 percent, and so on.
 

NEW FLAT TAX

The Heritage Foundation's New Flat Tax (NFT), part of Saving the American Dream, replaces today's complex tax system with one that is simple and fair.  The New Flat Tax is simple, revenue-neutral, and will allow America to achieve its full economic potential. Among the details:

 

  • Currently, in addition to the income tax, the federal government imposes a payroll tax, death tax, and a slew of excises. The New Flat Tax replaces them all for individuals, families, and businesses with one tax system with one tax rate of roughly 28 percent.
  • Two Tax Credits: The New Flat Tax retains the Earned Income Credit to preserve the level of income support for low-wage workers. And low- and middle-income families also receive a tax credit of $3,000 ($2,500 for singles) toward the purchase of health insurance.
  • Three Deductions: The only remaining deductions are for higher education, gifts and charitable contributions, and an optional home mortgage interest deduction.
  • In 1996 Steve Forbes supported a flat tax of 17 percent on all personal and corporate earned income (unearned income such as capital gains, pensions, inheritance, and savings would be exempt.) He supported keeping the first $33,000 of income exempt.

9-9-9 Tax Plan                 

The revenue neutral 9-9-9 plan would replace all current taxes, including the payroll tax, capital gains tax, and the estate tax and taxes on repatriated profits. The plan would establish the following:

 

  • A 9% corporate flat tax. Businesses would deduct purchases from other businesses and all capital investment. The resulting gross income is taxed at 9 percent.
  • A 9% personal flat tax. Individuals would deduct charitable contributions, then pay 9 percent on the rest of their income. Capital gains are excluded.
 
  • A 9% national sales tax. This levy would be placed on the consumption of all new goods. Used goods purchased would be excluded.

4 comments:

  1. When federal tax laws become too onerous, people stop being Americans. The number of people who either renounced their US citizenship or terminated their long-term US residency status has reached an all-time high - and the year is not even over.

    With the FairTax US citizens would have no tax incentive to renounce their US Citizenship or terminate their long-term US residency status.

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  2. Did the founding fathers have all these taxes levied upon the peoples? Where did the government get the revenue needed to fund the system then? They levied tariffs on imported items! Lets get back to how it was done then. The government is to big and corrupt for this to continue. We need to stop feeding the gluttonous beast. GOD only ask for 10% and that should be sufficient for this country. If it is not then programs need to be cut, which were designed for temporary help not permanent assistance. Politicians stump these issues to get themselves re-elected anyway.

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  3. God only ask for 10%! Government takes from productive people and gives to less productive people. Eventually taking it all. Congress needs a payroll cut of about 25% and term limits and to have to live by the same laws that they impose on American citizens. Fix social security and get rid of the IRS rebuke Obamacare, defund it. Stop immigration till we get borders secured.

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