The nonpartisan Tax Policy Center has taken a close look at Herman Cain’s 9-9-9 plan and released what Cain hasn’t: a rigorous breakdown of who gets a tax increase and who gets a tax cut under the proposal. The short version is that about 84 percent of taxpayers, most of them low- or middle-income, would see a tax increase. About 14 percent of taxpayers, most of them high-income, would get a tax cut. The tipping point is among filers making between $200,000 and $500,000. That’s when you see more tax cuts than tax hikes. Here’s the table:
Please enter a valid email address.Already a subscriber? Sign in
You’re all set!
We sent this offer to email@example.com