Originally Posted by chris1044
How do you equate getting a 12-18% pay reduction under the Cain plan? If you've spelled it out, sorry, I didn't read the whole thread...skimmed it though
12% is about what a "flat tax" would need to be to collect the same in taxes as we do know.
Cain plan calls for a 9% flat income tax and a 9% sale tax equaling 18%.
These would be implemented equally across the board, so those who now pay near or less than zero tax would see that much reduction in spending power.