[RC one]

fixed income social security earner types would be hit harder by the 999 plan than anyone else.

[BenKenobi]

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Herman Cain Ping!

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[casinva]

Cain said on Huckabee that seniors would be exempt from paying taxes and Cain is also going to be adding exemptions for families living in low income minority neighborhoods so they won’t be paying as much, if any, national sales taxes either.

Rich Lowrie, Cain’s economic adviser and the architect of Cain’s 999 plan, upon complaints from Democrats that the 999 plan would tax the poor, said that they were going to “fix” that by either reducing or eliminating the taxes required by those same low income families.

http://www.washingtonpost.com/blogs/right-turn/post/path-to-the-nomination-when-does-cain-face-the-heat/2011/03/29/gIQA2uvQbL_blog.html

(Excerpt)
Lowrie says it’s just “Washington thinking” to look at whether modest-income Americans will wind up shouldering much more of the tax burden. He repeatedly refused to say how much more of the tax burden would be borne by the poor and middle class than under the current system. But he implicitly acknowledged the problem by saying that the campaign would “fix this” with a new empowerment-zone plan that would be laid on top of the 9-9-9 plan and would presumably lower taxes in inner cities. But how fair is that to people living elsewhere? And aren’t we back to more complexity?
(End of excerpt)

[Fred]

If you are referring to those that are retired and on SS, they will pay no tax on dividends or cap gains and no tax on SS. Cain said this on MSNBC Sunday.

for more on the 9-9-9 plan

goto

http://www.nerds4cain.com/forums/discussion/106/does-everyone-understand-the-difference-between-a-vat-and-a-retail-sales-taxs

[Watchdog85]

Social Security income will not be taxed, along with many other savings plans including 401k

http://www.mofopolitics.com/2011/10/15/mike-huckabee-interviews-herman-cain-101511/

[Rudder]

fixed income social security earner types would be hit harder by the 999 plan than anyone else.

Did you make this up?

Cain said today that SS recipients pay no tax on their benefits because, "...they already paid it."

[goat granny]

Been on SS for quite a while, to say seniors will be hit hard, I don’t care, and I don’t fear such a statement of opinion Cain is the only one I would vote for so far...

[mazda77]

Explain how and support your analysis.

[CynicalBear]

>> fixed income social security earner types would be hit harder by the 999 plan than anyone else.<<

Not true as stated. Net price decreases due to elimination of taxes throughout the “food chain” of a product could ultimately reduce the price of products and services to such an extent it could lead to a increase in buying power. In addition to that the elimination of many of the taxes for businesses would logically lead to increase production thus increased availability and again potential price reductions. No case can be made for price increases when all facets of the plan are implemented.