Cain’s 9-9-9

 Posted by at 18:50  Politics, Republicans
Oct 182011
 

It’s no wonder this guy is leading in the Republican polls…

That’s rich: Only the wealthy would benefit from Cain’s 9-9-9 plan

The Tax Policy Center has released its analysis of Herman Cain’s 9-9-9 plan, and it finds that the only people who would benefit from it are those making more than $200,000 a year.

Everyone else, especially the poor, would pay more. And the middle class would now have the highest effective federal tax rate.

Those making $1 million a year or more would get a gaudy nearly $500,000 tax cut, a 15% change in their favor.

The poorest, those making between less than $10,000 a year up to $30,000 a year would see a between 15% and 20% tax increase. That means they would pay between $1,100 and $3,800 a year more in taxes.

Those making between $30,000 and $100,000 a year, would pay more than $4,000 a year more in taxes.

I’ve said it before and I’ll say it again… If you earn less than $250,000 per year and you vote for Republicans, you are an idiot. Sorry, but you are.
 

  3 Responses to “Cain’s 9-9-9”

  1. the sad part is that they(the repubs)bill themselves as the people party,Yeh the Rich Peoples party.

  2. I believe that most people think they “might” be that well off some day and so they want to protect the rights of the wealthy… just in case.

    Little do they realize that their chances of being one of the elite decreases with each passing year… unless they win the lottery or inherit a fortune.

    WAKE UP PEOPLE!

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