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9-9-9, a graph of what it would do

Everyone making less than $200k will see their taxe rate go up, and everyone making more than $200k will see their tax rate go down. Does anyone really support this?

"A middle income household making between about $64,000 and $110,000 would get hit with an average tax increase of about $4,300, lowering its after-tax income by more than 6 percent and increasing its average federal tax rate (including income, payroll, estate and its share of the corporate income tax) from 18.8 percent to 23.7 percent. By contrast, a taxpayer in the top 0.1% (who makes more than $2.7 million) would enjoy an average tax cut of nearly$1.4 million, increasing his after-tax income by nearly 27 percent."

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starchini said 7 months ago ...

Yea, thats pretty fucking unbelievable...I keep thinking, "Who in their right mind would support this?", but then I think, "I dont know anyone that does....", shortly following, "Well, I dont know anyone who makes more than $300,00.00 either"...(My bro makes well over $200,000 is why I said $300,000 but I havnt asked him his opinion)...Completly rediculous.

sean_renaud said 7 months ago ...

Enough Republicans believe this Star that Cain is a front runner in the primaries and this is his claim to fame. It's about being fair and not punishing the rich for being rich and poor people should pull their weight as well. I'm not defending his plan, I think it's crazy but I understand the logic.

reckoner said 7 months ago ...

reckoner said 7 months ago ...

According to the graph below, i'll get a tax cut! Come on you sucker, vote yourself a tax increase so I can get a cut :)

mgibbosh said 7 months ago ...

9.9.9 is nothing more than fools goal, it sound goods but the devil is in the detail but aint no detail in the devil Herman Cain cannot even explain his own plan satisfactory. For a lack of a better idea he got that idea from the average price of a Godfathers Pizza. The 9 percent national sales tax will add 9 percent at the manufacturing level,9 percent at the whole sale level and 9 percent at the retail level It's nothing more than a value added or consumption tax and the state taxes are not included. If his idea is adopted will be more inflationary than anything we've witnessed since the gas prices of the 70's.

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