Wednesday, October 19, 2011

Analysis: Herman Cain's 9-9-9 plan would raise taxes on 84% of Americans

Daily Kos: Analysis: Herman Cain's 9-9-9 plan would raise taxes on 84% of Americans:

Cain's 9-9-9 tax plan would raise taxes on 83.8 percent of American taxpayers, most of the middle- and lower-income families and individuals. But while it would represent a new burden on most Americans, it would also be a massive tax cut for the super-rich.

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84% would pay more under Cain's 9-9-9 tax plan - Oct. 18, 2011:

According to the Tax Policy Center, households with incomes below $30,000 would have, on average, between 16% and 20% less in after-tax income than they do today.


By contrast, households making more than $200,000 would see their after-tax income grow by between 5% and 22% on average.


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