NEW YORK TIMES BESTSELLING AUTHOR ROBERT SHEMIN OCT. 13 , 2011
NEWSLETTER News from Robert’s Road Understanding Taxes or “Making my way through the forest” NEW YORK TIMES bestselling author and CNN/ Fox News Wealth expert Robert Shemin roams the world while teaching people how to be successful in today’s challenging market. With his ear on the beat and armed with a bag full of solutions, Robert challenges conventional views and offers fresh ideas with witty hands on solutions on how to stay on top of the game and roll with the punches. Joint Robert on the road to success fun and fulfillment!!
A new way for Taxes: What’s the 411 on the 999 plan? Let’s play a game: I dare you to explain how our tax law works and how it applies to your and your business! Come on, you can do it! ‐Or maybe not? Herman Cain recently made waves with his proposal of a 999 Tax plan suggesting 9% Business Tax, 9% Individual Tax and a 9% National Sales Tax with the goal of simplifying our tax system and allowing for a recovery of our “taxed” economy. (Pardon the pun) Countless hours and resources such as time and money are spent navigating through the complex tax laws. If you do it yourself it’s safe to say some hairs have been sacriCiced in the wrestle with complicated laws and stipulations. I am not sure if the answer is the 999 but it sure needs to be a simple solution and not a system that requires a PhD to understand.
If we saved all the time money that goes to bookkeeping and tax guessing we would most certainly be a step ahead from where we are now. According to the 7 ‐year curve, business revenue goes up when taxes go down and take a dip as they increase. Now, in the worst economic climate since the depression, we more than ever need a lift and a relief. While the details are to be worked out the main goal has to be this: Keep it simple‐ take out the uncertainty and establish a system that fosters clarity and efCiciency. This is Robert Shemin saying hello from Washington and hoping for a change in the right direction!
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