Posted on 10/28/2011 10:58:02 AM PDT by SeekAndFind
(Washington, DC) -- The Republican Presidential hopeful known for his "Nine-Nine-Nine" tax reform plan earned 900-thousand-dollars last year.
Cain's personal financial information was released today.
It shows he was paid 359-thousand-dollars by the Whirlpool Corporation.
Cain also pocketed about 165-thousand bucks from his Atlanta-based radio show.
He earned 120-thousand-dollars from Hallmark Cards and about 200-grand from farm equipment company Agco Corporation.
Herman Cain also reports having assets valued at over three-million-dollars.
Cain's tax plan would create nine-percent personal and corporate tax rates.
He’s poor compared to the woman of the people, Nancy Pelosi.
I would have guessed a greater net worth than that for him.
The secret word there is “EARNED”.
Unlike the hypocritical, crooked commie hag Pelousi.
I want a president that knows how to earn a good living. The bums could learn a thing or two from him.
And the point of the post is?
Well GOOD for him! I wish I had half his talent.
I can’t wait until I am a 1%er.
Obama has more $$$$, he DEFINITELY is the 1%. Haven’t heard much about that.
Wait that can’t be possible. The man keeps black people down. No way a black person can make that kind of money unless they are in the NBA, NFL or are Morgan Freeman or Russell Simmons.
The top 1% earned $516K last year.
So, yeah. Hermann’s in the club.
I thought the top 1% started at around $350K/year?
Good for him!
Based on lst years tax reports
Top 1% starts at $343K
Top 10% starts at a tad over 5$0K.
Those number will go up, of course, when real inflation kicks in in 5, 4, 3, 2....
Depends how you define 1%. If it is last years’ income (not including capital gains), then yeah, he is in the 1%. If it is net worth, I doubt $3 million will get you in the 1%.
$516K is the IRS definition based on a single year’s income. It includes capital gains.
The question, of course, is whether we’re talking income or wealth.
Is that $343k before or after deductions?
We may be looking at apples and oranges. Most people earning that kind of money can pretty much itemize all their expenses and have large mortgages and pre-tax 401ks.
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