Talk of The Villages Florida - View Single Post - Cain's 999 Plan must have some support!
View Single Post
 
Old 10-13-2011, 07:21 PM
Guest
n/a
 
Posts: n/a
Default Aww C'Mon

In 2004 (the most recent year that I could find these statistics for), about 130 million federal tax returns were filed. Of that number, 43 million paid no tax at all. In fact, most of them got all their tax witholdings refunded, as well as additional refunds from programs like the Earned Income Tax Credit. The statistics show that the income reported by those 41 million filers was $30,122 or less.

Can someone explain how enacting a new income tax, which would require 43 million Americans who currently earn $30,000 or less and who pay no federal income tax, to pay a new income tax of 9% is a good thing? Is it a good thing for the low income people to have their meager incomes cut by 9%? Is a good thing for the economy to have 43 million Americans with 9% less in their pockets to spend?

C'mon people...THINK about this goofy 9-9-9 plan. This seems to be another one of those plans that sounds great in a campaign speech, but makes no sense whatsoever when you begin to analyze it. In fact, try to find someone who has analyzed it...anyone! You can't find any analysis of the plan because Herman Cain has provided so little detail in how the plan would work that it can't be analyzed!