Tuesday, October 18, 2011

9-9-9 hype,cont.

LA Times--

..."If Herman Cain’s 9-9-9 tax plan were in effect today, the poorest 60% of taxpayers would pay an extra $2,000 while the richest 1% would get a $210,000 break, according to an analysis by Citizens for Tax Justice, a left-leaning think tank.

Cain’s plan would replace much of the existing tax code with a 9% individual income tax, a 9% business tax and a 9% national sales tax.

According to the analysis, all three of the tax types included in Cain’s plan would disproportionately impact lower-income Americans.

The 9% individual income tax would give the richest Americans -- who currently pay a tax rate of about 35% -- a break of almost $210,000 a year. But for the poorest 20% of taxpayers, Cain's proposed income tax change would mean an increase of $418 a year, the analysis found.""""

Smaller piece of the big pizza pie for the lower-middleclass, y'all-- yet some delusionalcrats seem to think Caint's a democrat (when it's as much a quack as Ron Paul)

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