To: SaraJohnson
Yeah, but Cain also proposes Caincare where everyone gets to write off their health insurance cost. Its a little confusing. So how is he going to do that when Cain's 9-9-9 plan allows only deductions for charitable contributions? Are we going to consider insurance companies to be charities?
128 posted on
10/12/2011 5:58:49 AM PDT by
SoJoCo
To: SoJoCo
Right above your post I listed some of the people who pay more under Cain's plan.
I can add one more group to the list: seniors who DO have other income besides Social Security.
Consider a couple getting $25,000/year in SS benefits and earning another $25,000 in income. According to a calculator I found, they would pay something like $850 in taxes. Under Cain's plan, they would pay $2,250 in income taxes on the $25,000 wages plus be subject to a 9% national sales tax.
The 9-9-9 plan makes a good soundbite, just don't look at the details.
129 posted on
10/12/2011 6:14:10 AM PDT by
DTxAg
(The Presidency is not an entry-level position.)
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