Talk of The Villages Florida - View Single Post - “We know what we need. We know who to blame.”
Thread: “We know what we need. We know who to blame.”
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Old 10-12-2011, 05:12 PM
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Originally Posted by captg View Post
Mr. Cain must not have paid attention to what the luxury tax did to our economy 20 years or so ago.
I was in the boating business and that tax devestated us. Many companies went out of business and many people lost their job. The boating industry never fully recovered.
This isn't a luxury tax, G. This is a consumption tax on almost everything in conjunction with you having more money in your pocket because of a 9% income tax. Instead of paying your 30% to the Feds, you pay 9%. Then with all that money left in your pocket, you decide how much more you will send to Uncle Sam by what you do or don't buy. You have the freedom and the power. Can you say Hallelujah brother for me just one time!!