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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (631645)	10/14/2011 3:44:52 PM
From: i-node	4 Recommendations Read Replies (2) \| Respond to of 1577595

>> Herman Cain’s 999 plan: a misleading pitch Except, as it turns out, it isn't. I worked through this for some other nitwit like yourself last night. If one assumes two kids aged 17+, a household income of $50,000, and that employees pay 7.65% SS and effectively lose the other 7.65% in real wages (which economically they do), then there is your $10,000. It took me less than 30 seconds to figure out where Cain was coming from. Alternatively, if one presumes either of the spouses earns $50K in Self-employment income, it comes out just short of $10K, somewhere over 9K. Cain was essentially correct. Certainly more correct than the story criticizing him.