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999 Tax Plan

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What is the 999 tax plan? What impact would this tax plan have on the corporation?

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Solution Summary

This solution addresses alternative tax proposals (999) for individuals, corporations, and businesses, and contains in text citations and references.

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What is the 9-9-9 tax plan?

The 9-9-9 tax plan was proposed by Herman Cain who is a conservative radio talk show host, businessman executive, tea party activists, and syndicated columnist. Herman Cain was a Burger King executive in the 1980s, and subsequently became CEO and chairman of Godfather's pizza from the mid-1980s until the mid-1990s. During his 2012 presidential bid, he introduced the 9-9-9 tax plan, which proposed taxing individuals 9% ...

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  • Ewing Distribution Company - WACC

    Step 1: Calculate the cost of debt Marginal Tax rate T = 40% (Corporate Tax Rate) Pre tax cost of debt= kd= 6.80% (= coupon rate, since the debt is issued at par ; $999 is very close to $1000) After tax cost of debt= kd(1-T)=

  • Tax Effect of the Sales of Blocks of Stock

    They will thus save $3,000*.33, or $999, this year and will carry $18,000-$12,000-$3,000, or $3,000 in capital losses forward to future years.

  • Derivative

    (x+1000)=x^1000+a(1)x^999+...+a(999)x+1000! Obviously, a(999)=1.2...999+2.3...1000+1.2.4...1000+... =1000!(1+1/2+1/3+...+1/1000) So, f'(0)=a(999)=1000!(1+1/2+1/3+...+1/1000) A derivative is calculated using factorials.

  • What is the WACC for Lee Family Firms?

    Cost of debt = coupon rate on bonds = 4% As bond interest is tax deductible, this is pre-tax cost.

  • Solve: Accounting Problems

    0.3 X 1.4 + 0.2 X 3.3 + 1.0 X 0.6 + 0.8 X .999 = 3.4392 Applicant B = 0.4 X 1.2 + 0.4 X 1.4 + 0.1 X 3.3 + 1.2 X 0.6 + 0.4 X .999 =2.4896 Applicant C = 0.7 X 1.2 + 0.4 X 1.4 + 0.3 X 3.3 + 0.5 X0.6 + 0.7 X .999 = 3.3893 Above 3 bankruptcy is not likely

  • A program which processes a client file (the master file) and a service file (the transaction file) by updating the clientTotal field in the client file according to the serviceTotal field in the service file

    if serviceID = 999 endOfFiles = true endif endif return readService() read serviceRecord if EOF serviceID=999 endif return readClient() read clientRecord if EOF clientID=999 endif return mainModule( )

  • Flowchart of the pseudocode

    if serviceID = 999 endOfFiles = true endif endif return readService() read serviceRecord if EOF serviceID=999 endif return readClient() read clientRecord if EOF clientID=999 endif return mainModule( )

  • A logical thinking question

    Jo cannot have more than 999 AND less than 1000 at the same time. He must have more than 999 OR less than a 1000. Thus, one of those two is lying and we cannot know which given the information we have.

  • Simple Circuitts

    So, if T is a tree with 999 vertices, then T has 998 edges There are two questions: The length of the longest simple circuit, and how many edges are in a tree with 999 vertices

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