[wagglebee]

Under the current tax system that same couple using the standard 1040EZ tax return would pay $50,000 minus $18,700 (married couple deduction) = $31,300 taxable income. Per page 29 of the tax table they would pay $3,861 in taxes leaving them $46,139.

This is all well and good, but your illustration TOTALLY IGNORES payroll taxes of 7.65% (yes I know it has been lowered this year, but that's temporary) which means an additional $3,825 in taxes.

Moreover, Cain's plan also removes the employer's match of payroll taxes and, at least in theory, many employers would pass on at least a portion of this money to their employees. Now, you can say all you want that employers won't do this, but I can tell you that whenever I hire someone I am adding 10-12% to their compensation to cover payroll matching and other benefits.

[CharlesWayneCT]

Moreover, Cain's plan also removes the employer's match of payroll taxes -- And replaces it with a 9% corporate tax.