Herman Cain needs to lay out the details of his 999 plan or start backing away from it.
I believe 999 eliminates charitable contributions as a deduction. That is probably a killer among conservatives who generally give much more to charitable organizations than do the liberals.
That is a lie -
It is right here on his website:
Individual Flat Tax 9%. Gross income less charitable deductions.
http://www.hermancain.com/999plan
Actually that is the only deduction that is retained.
I guess the lack of ability to read and investigate anything is what they taught you in ‘reporter’ school.
Charitable donations are excluded. As are used goods.
Not so. From Cain's official website:
Individual Flat Tax 9%. Gross income less charitable deductions.
I think there's more to learn about Cain's plan. Someone upthread mentioned they'd have to pay the 9% sales tax on utilities. In interviews, Cain has said utilities, property tax, car payments, mortgage/rent, inurance are not subject to the 9% sales tax. I think he may have said healthcare is exempt as well, but I'm not entirely sure. None of this is on his website, though. I'd like to see him get into more details like this, and post it in a FAQ on his website.
About six others have already said this, but since people continue to bash 999 without even reading it, it deserves for about 6,000 people to reply.
Read the plan, then form an opinion or ask questions. Unlike the current Tax Code, you can read the 999 plan in about 5 minutes:
http://www.hermancain.com/999plan