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49%  
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Keyword: 22strawman

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  • I can’t afford to pay both a federal sales tax on top of a state

    10/19/2011 12:27:42 PM PDT · by Brookhaven · 117 replies
    Nerds 4 Cain ^ | 10-19-11 | OnTheOppositeShore
    22% of the retail price of items is due to federal taxes. When you buy an apple today for $1.00, 22 cents of that dollar is taxes. Herman Cain eliminates those taxes (including the 35% business tax) and he replaces it with a flat 9% business tax. Prices will go down at least 10%. Your take home pay will go up by almost 8%, because the payroll tax is eliminated. 999 means higher take home pay and lower prices. Even paying a 9% sales tax, you will walk away from the cash register with more money in your pocket than you do today.