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To: SaraJohnson
“That means under the Cain plan that family could end up paying $2,725 more”

They forgot to factor in a bunch of stuff

That family spends $3,000.00 a year in gas, the tax rate on that gas will go down from (Fed only)15% ($450) today to 7% ($210) they saved $240.00

That family buys a new SUV, lets hope a Ford
$35,000
Say Fed Tax Ford paid to make that car is about 20% to make it and is passed on to that family in the price of the car so $35,000 is now $28,000. add new 9% sales tax and they pay $29,960.00

They Saved $5,040.00 in Taxes plus $240.00 in gas = $5,280.oo in tax saving for that family

That's just 2 items, same thing would happen to most goods they purchased.

So Cain just cut their taxes

309 posted on 10/13/2011 1:47:36 PM PDT by NoDRodee (U>S>M>C)
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To: NoDRodee
That family spends $3,000.00 a year in gas, the tax rate on that gas will go down from (Fed only)15% ($450) today to 7% ($210) they saved $240.00

The federal gas tax was not included in the list of taxes that Cain said the 9-9-9 plan was replacing. So it remains and the price of gas goes up an additional 9%. Another $270 per year.

Say Fed Tax Ford paid to make that car is about 20% to make it and is passed on to that family in the price of the car so $35,000 is now $28,000.

What if the Fed Tax is zero? What if it isn't passed on?

322 posted on 10/13/2011 2:05:01 PM PDT by SoJoCo
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