Incorrect. A family of 4 with an income of $40,000 pays nothing in income tax and only $2260 in FICA currently. Under Cain's plan their income tax goes up to $3600, a $1340 increase not $700. Plus they pay an additional 9% on just about everything they buy, which could easily result in another $3000 or so in taxes.
But hey, the point is to broaden the tax base such that EVERYONE gets involved with the running of the government, not just half of all tax payers.
Currently the goal should be to get Obama out of the Oval Office come January 2013. If you have a candidate running on a platform that could double or triple the taxes half the country pays, not to mention taxing the purchases of those retirees who vote like crazy and who don't currently have much of a tax burden, then how can you expect to win? Would you vote for a candidate who will double your taxes? I wouldn't. Why should any other rational person?
Here’s a calculator of how much a family of 4 with an income of $40,000 will pay in taxes :
http://www.nerds4cain.com/Blog/archives/723
Just enter the values and you get their calculations.
The results of their calculations ( including how they calculated it ) are shown on that site.
Here is their conclusion :
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Consequently, the maximum tax increase anyone at the low end of the income scale might see under the 9-9-9 plan is a mere 1.2%.
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Do you agree with their conclusion? If not, maybe you can tell us why...