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Old September 29th, 2011, 08:14 PM   #47
brewmenn
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Quote:
Originally Posted by chris1044 View Post
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.
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