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Politics : Politics for Pros- moderated

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From: ManyMoose	10/10/2011 10:46:41 PM
	2 Recommendations Read Replies (4) of 793917

Does anyone here understand Herman Cain's 999 policy? As I understand it, it's 9% corporate income tax, 9% personal tax, and 9% sales tax. In regard to the 9% personal tax, 9% of what? Gross Income? Does it include everybody, including people at or below the poverty level? Is there some minimum, or standard deduction? Here's what his website says about it: "Individual Flat Tax – 9%. Gross income less charitable deductions. Empowerment Zones will offer additional deductions for those living and/or working in the zone." http://www.hermancain.com/999plan A lot of people, myself included, would be taxed MORE under this scenario unless there's something I don't understand about it.

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