Skip to main content

Posts

Showing posts with the label 9-9-9

Republicans are always opponents of tax increases, unless it deals with Herman Cain's 9-9-9 plan, which would increase taxes for 83.8% of the population...

Yeah, that's right. The arguable front-runner to become the Republican nominee for the 2012 presidential election's tax plan would increase taxes for 83.8% of this country. Republicans recently voted down the American Jobs Act, which would have resulted in a raise of taxes for the top 1-2%, meaning that 98-99% of the country would be unaffected. In Cain's plan, those making anywhere from under $10,000 to $200,000 would see a mean tax hike of $3,381.75, a 950% spike for those making between $10,000 and $20,000 a year. For those making between $200,000 and over $1,000,000? They'd see a mean tax cut of $175,297, including a $455,247 tax cut for those making over $1,000,000. That's right, folks. The anti-tax party, also know as the Republican Party, is a strong opponent of a plan which would increase taxes on the 1-2% wealthiest in this country while leaving 98-99% unscathed, yet support a plan which would increase taxes on the bottom 84%, with the top 16% being the b...