"Herman Cain’s 9-9-9 tax plan would give every American making more than $1 million an average tax cut of $455,000, according to a new independent analysis.
All Americans with incomes above $200,000 would get tax cuts under the Republican presidential candidate’s dramatic proposal, according to the analysis by the Tax Policy Center, a joint effort of the Urban Institute and Brookings Institution, both respected center-left policy-research centers.
At the same time, those with incomes below $200,000 -- 84 percent of taxpayers -- would see their taxes increase under the Cain plan, according to the analysis, which is the first to look at precisely what would happen to different incomes under the proposal."
~ http://www.truth-out.org/cains-9-9-9...res/1319030207
And this from the The Wall Street Journal-
"The analysis by the Tax Policy Center concludes that more than 90% of people earning less than $37,090—the bottom 40% of earners—would see a tax increase under Mr. Cain's plan. It also estimated that those who earn $17,900 or less per year—the bottom 20%—would pay $1,854 more per year on average in U.S. sales taxes and income tax levies that many now are exempt from paying.
By contrast, about half of households in the top 20% of earners, with incomes greater than $111,000, would get an average tax cut of $14,400."
~ http://online.wsj.com/article/SB1000...370969998.html
Your thoughts.
All Americans with incomes above $200,000 would get tax cuts under the Republican presidential candidate’s dramatic proposal, according to the analysis by the Tax Policy Center, a joint effort of the Urban Institute and Brookings Institution, both respected center-left policy-research centers.
At the same time, those with incomes below $200,000 -- 84 percent of taxpayers -- would see their taxes increase under the Cain plan, according to the analysis, which is the first to look at precisely what would happen to different incomes under the proposal."
~ http://www.truth-out.org/cains-9-9-9...res/1319030207
And this from the The Wall Street Journal-
"The analysis by the Tax Policy Center concludes that more than 90% of people earning less than $37,090—the bottom 40% of earners—would see a tax increase under Mr. Cain's plan. It also estimated that those who earn $17,900 or less per year—the bottom 20%—would pay $1,854 more per year on average in U.S. sales taxes and income tax levies that many now are exempt from paying.
By contrast, about half of households in the top 20% of earners, with incomes greater than $111,000, would get an average tax cut of $14,400."
~ http://online.wsj.com/article/SB1000...370969998.html
Your thoughts.
"If your enemies cannot find a flaw in your reasoning, they will find it in your reputation".
~ William Hazlitt
"If your enemies cannot find a flaw in your reasoning, they will find it in your reputation".
~ William Hazlitt
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