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Wednesday, October 19, 2011

Herman Cain's tax plan a big hit with Donald Trump



Herman Cain's 9-9-9 tax plan would raise taxes on 84 per cent of U.S. households according to the The Tax Policy Center, a Washington based think tank. 

  1. There would be  a $2,700 tax increase for people with incomes between $10,000 and $20,000.
  2. Households income between $40,000 and $50,000 would see taxes increase by an average of $4,400. 
  3. Family income between $50,000 and $75,000 would see their annual tax bill go up by an average of $4,326.
  4. The average households making more than $1 million a year would see their taxes cut nearly in half. 
Yes, the Cain plan would, indeed, broaden the tax base! 

Donald trump said he is very impressed with this plan and would love to pay 9 per cent in taxes. 

Even a Tea Partier should be able to figure the Cain tax plan out. 


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