RE: Their taxes easily exceed $8000, a considerable percentage of their income. Far more that they had under the old plan
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Excuse me, Did you really just claim that a 9% income tax + a 9% sales tax would equal > 20% of total income ($8000 / $40,000 = 20%)?
Typo on my part. The taxes should approach $7000 under the Cain plan - $3600 in income taxes and sales taxes of 9% on all purchases. If the family in question spends just about all their remaining income then that's another $3200 or so. Then there are potential increases in state income taxes and so forth. Still a considerable increase.