9-9-9, Take 2: Cain's Tax Plan Revamp Still Stings the Middle Class

9-9-9, Take 2: Cain's Tax Plan Revamp Still Stings the Middle Class

DailyFinance.com

Filed under: Taxes

Republican presidential candidate Herman Cain unveiled several major changes to his popular 9-9-9 tax plan on Friday. The former Godfather's Pizza CEO even announced that those below the poverty line wouldn't have to pay income taxes. Yet the country's middle class won't find much relief in Cain's fleshed-out 9-9-9 plan. Here's a detailed look:

A Simple Plan

Cain's plan seems to be the height of simplicity: It would levy a 9% income tax, a 9% corporate income tax, and a 9% federal sales tax...

9-9-9, Take 2: Cain's Tax Plan Revamp Still Stings the Middle Class originally appeared on DailyFinance.com on 2011-10-24T14:00:00Z.

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