As the above analysis of Herman Cain's 9% federal flat tax plan shows, only those who make more than $200,000 annually would see any reduction. Folks who make $30K - $75K would see an increase of about $4300. No wonder he's been endorsed by GOProud. And the above chart doesn't even address the punishment the poor would endure from a 9% national sales tax.Tuesday, October 18, 2011
Via JMG: The Truth About 9-9-9
As the above analysis of Herman Cain's 9% federal flat tax plan shows, only those who make more than $200,000 annually would see any reduction. Folks who make $30K - $75K would see an increase of about $4300. No wonder he's been endorsed by GOProud. And the above chart doesn't even address the punishment the poor would endure from a 9% national sales tax.
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