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Old 10-21-2011, 08:02 PM   #28
Ephejvll

Join Date
Oct 2005
Posts
472
Senior Member
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Perhaps it's better explained like this: I'm a GS-7 Step 1 in the Hampton Roads are of Virginia. My annual income is $38,790.00. I contribute 5% to TSP, so with the tax bracket adjustment, I pay $72 (rounded to the nearest dollar) a month in federal taxes.

Now let's think about this for a second. I spend about $200 a payday on groceries, and I get paid bi-weekly. So my groceries come out to $433 a month.

If you replaced federal income tax with a nine percent sales tax, nine percent federal sales tax on my groceries ALONE comes out to $39 - which is already more than half of the federal income tax that I would have already paid. Mind you, I have to buy clothes and other household items, and pay other bills.

The amount of income tax that I would be paying per month under this 999 plan would at least be three times as high as what I'm paying in federal income tax now. AT LEAST three times as high - and I'm just talking about my deduction. You have to consider the fact that even with a federal duction of about $72 a month, I still get a tax return. There's no tax return on sales tax.

If someone wants to surgically attach their lips to the asses of the billionaires who don't give two $#!+$ about them, fine. But that sure as hell isn't me.
The 9-9-9 plan is not something I'm particularly attached to myself (as I'm not a Herman Caine supporter by trade), but I'm not opposed to the idea of a fair tax in principle if it's distributed in a manner that doesn't give all the power for imported goods. As it is though, I'm not too worried if you pay more on groceries. But if we stick to this plan your spendable income annually is approximately $35,300, meaning you have about $2,941 monthly for needs and expenditures. Hack out $472 off of that we're still looking at about $2,470 squeeze out a reasonable expected cost of rent, commute and necessary utilities and you're telling me you can't possibly retain $300-$600 during a given month? If you think you absolutely need $2,500 to fill in the gaps I wonder where you've chosen to live and what you choose to drive because I don't even burn that much although I personally have the means to. So quite frankly the fact that you suffer the green eyed monster for those who've applied themselves in life to the point where they can afford a few things doesn't make me flinch in the least. Nor do I bear ill will towards those who have a few more things in life than I do. Quite frankly if they're burning 60-80 hours a week to make that happen I have no problem saying they've reasonably earned it.
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