Tuesday, 11 October 2011
Problem , it could end up adding to the deficit and shifting the tax burden away from the wealthy and onto the poor, according to leading tax experts.
Cain, who's recently moved up in the polls to become one of the leading Republican presidential candidates, is basing much of his campaign on what he calls the 9-9-9 plan, which would get rid of almost all current taxes and replace them with a 9% flat tax on income, a 9% flat corporate tax and a 9% national sales tax.
Cain claims his system would raise as much tax revenue as the current complex system of federal income tax, corporate taxes and payroll taxes. And he believes his plan could bring in additional revenue by boosting economic growth.
Tax experts from various nonpartisan think tanks say without seeing more details of the new plan than Cain has released this far, they can't say for sure whether the system would match current tax collections, or add to the deficit.
"It is theoretically possible it could be revenue neutral, if you literally taxed all of consumption," said Diane Lim Rogers, chief economist with the Concord Coalition, a think tank that focuses on reducing the federal deficit.
Other experts doubt Cain's proposal would be able to raise as much revenue as the current system, even with the addition of the sales tax.
Millionaire tax would cover cost of Obama jobs bill
"That's a big revenue hole you have to fill," said Joe Minarik, director of research for the Committee for Economic Development, referring to the significantly lower rates for income, payroll and corporate taxes. "A 9% sales tax is relatively muscular. It will raise a lot of money But my guess is you'll probably be revenue short."
But what is far more clear, according to the experts, is that the wealthy would end up paying less than under the current system, and the poor would end paying more.
About 22% of taxpayers, primarily low-income earners, pay no taxes and even get money back from tax credits, according to Roberton Williams, senior fellow for the Tax Policy Center. Credits they get for things like having children and the earned income tax credit offset the money they own in payroll taxes. And since they'd be paying a 9% sales tax under Cain's proposal, their dollars won't go as far.
"For the bottom end it's certain to be a tax rise of substantial proportion," he said.
The effective tax rate for the top 1% of wage earners is about 18%, Williams said, so a flat rate of 9% would mean a substantial reduction for most, even with the addition of a 9% sales tax on purchases. The wealthy are far less likely than low- or middle-income wage earners to be spending all of their earnings on purchases that would be subject to the sales tax.
"Every change in the tax system shifts who pays how much. If you trying to be revenue neutral, there's always going to be winners and losers," said Williams.
But Cain's chief economic advisor, Rich Lowrie, said that low-wage earners would be better off with the 9/9/9 plan because some of the government assistance they now receive quickly falls away as they start to earn more, which he said prevents upward mobility, creating what he calls a "poverty trap."
He also said the sales tax would not increase costs for consumers, because lower corporate taxes would lead businesses to cut prices in order to stay competitive.
And he said the plan would also include some tax breaks in inner cities, details of which are still being worked out.
"We did focus a lot on how do you address the poverty problem," he said. "Clearly, the current system is not working. The advocates of the present system haven't been able to show results for 40 years," Lowrie said
Tuesday, 11 October 2011 0
Trendy footwear are the passion of most youthful woman. They're an crucial fashion accessories that could aid to alter your appear. Whether not can be flats or heels, you'll be able to decide on the wear anything you want. For events and formal occasions, it would be better in the event you go for women substantial heel shoes.
Girls are addicted towards heel footwear in they are one of the most fashionable components for them. This form of footwear are the latest style put on in the footwear business. Ladies higher heel shoes come in a large selection of colors, dimensions, patterns and designs. This kind of substantial heel shoes are mainly favored by ladies ranging from young women to elderly females. Ladies whoever adore putting on this form of footwear, makes it a point to team up with a number of the stunning searching gown that complements their character. During the summer season time, you'll uncover them sporting heeled sandals while the winter season requires some trendy heeled boots.
Often you may discover that peaceful a few females have short height plus they feel in little reduced with their height especially when they are standing inside a group. To increase up the height and deliver the charm again, all they are able to do this, go for any lovely pair of heel footwear. No wonder a lady appears great when she wears a pair of high-heeled footwear. Whenever a lady wear this type of shoe, she feels self-assured and appears extremely gorgeous. In reality whenever a woman is appareled in such footwear, her legs appear to be slim therefore growing the charm. It performs as a sword to girls who are short at height. Heels are certainly a fantastic choice to brief ladies who wants to appear taller. It is really incredible to find a woman walking in heel footwear.
It's usually recommended that each ladies really should wear high heel shoes but really should stick to the specific simple recommendations to ensure that they look stylish. Do not make it a habit to put on ladies footwear on the normal basis, simply because it might cause backaches and foot aches. Pick the right dimension substantial heel shoes for yourself and walk in a correct way to steer clear of unneeded foot or hip troubles. Authorities often say that pay a lot more consideration in your health than style. Should you go entirely insane more than these footwear, you have to constantly look for the proper substantial heeled footwear that makes you look both trendy and comfy.
Many online companies offer this shoes, some even claiming to make the wearer up to 5 inches taller. In reality you should expect to gain 2-3 inches over your barefoot height, which might mean you will appear 1.5-2 inches taller to people than you would if you were wearing your normal sneakers or shoes.
The photo below illustrates the differing quality available online.
If you're thinking about buying shoes go for quality name. As you can see from the photos, shoes on the right
are the only shoes I would personally recommend buying. Their genuine quality shines through: the pure leather used, the construction of the sole, the improvement to your posture and the overall fit.
The synthetic pair simply pales
comparison Everyone in my family are average height people, around 5´4" - 5´5" for the women, and 5´9" - 5´10" for men, except for my uncle, who is 6´1". My father is 5´10", and my Mother is 5´6", so my height-potential was about 5´10.5" - 5´11", but I was lucky enough to grow from 5´10.25" to 6´0.5" after I turned 19. Even though I was a late bloomer, and barely scraped 5´9" at age 16, which sin´t all that short, I was balled as "short" by most in my friends. Many of them hit puberty much earlier than me, and throughout my teens I was pretty much 2" + shorter than most of my guy-friends. 6´0.5" is a brilliant height, not too tall, and not too short, but I like to give myself a couple of extra inches when I go out. I usually wear 2.5" elevated shoes, and it feels even better to look 6´3", which is pretty tall. these shoes are awesome! Everyone should wear them!
Monday, 10 October 2011
Monday, 10 October 2011 0
Mrs. Eliza Aria wrote annual articles for the Cunard Steamship Line which appeared in The Cunard Daily Bulletin, Fashion & Pleasure Resort Supplement printed once year
Fashion has a ready-made crystal ball, in that this spring/summer's designer collections were shown in the catwalks last September. But the designer trends take on a life of their once real people get their hands on them. The overarching aesthetic of 2010 was are ultra-youthful, sharp, staccato look, epitomised by stick-thin legs poking out of ankle boots and short, stiffly carved dresses. At the pretty, commercial, weekly mag-friendly end of the spectrum, this meant the Whitney Port/Olivia Palermo red-carpet look: all bare legs, fierce ankle boots and sweet smiles. At the other end scale – but channelling the same mood – were Lady Gaga and the Italian fashion-editor-extraordinaire Anna Della Russo, who added fruit hairpieces and feather epaulettes to the
silhouette This year looks set to see changing of the guard. A softer-edged look is coming into focus. Yesterday, many fashion blogs were running a first-look picture from the new Valentino advertising campaign, shot by David Sims in the Valentino Paris mansion on the Place Vendetta. The model is lounging on a sofa, one foot tucked under the other, giving a subtly different message to the dominant pose of the past year, in which the model stands stiff as a toy soldier, albeit one dressed in Barnie's frock
Today, earrings, bracelets and necklaces which are designed particularly as accessories for wedding are ready to complement the wedding outfits. Wedding new jewelry offers a unique chance to carry forward a special theme of wedding, or to match color accents on the bridal outfit. A wardrobe change between the wedding and the reception is a popular trend for brides and their bridal party these days. Here comes the need of two different jewelry sets for the wedding a day.
Every country has its own bridal trends 2011. Indian looks are perhaps the most spectacular ones. Bridal jewelry is typically simple as well as traditional. Through the years, diamonds and pearls are very common choices and many brides select items that include these gemstones.
Jewelry is an essential accessory for an Indian bride. There is in fact no concept of a complete bridal look without all of the different jewelry items that are traditional. Majority of Indian brides used to wear yellow gold jewelry. However, silver, white gold, platinum, or diamond jewelry is also chosen in certain cases. Indian bridal jewelry often includes ruby, jade, garnet, amethyst, emerald and pearls. With some variations in bridal jewelry as per regional traditions, the basic pieces remain constant in India
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