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    Dean Clancy on last night's debate and Herman Cain's 9-9-9 plan.

    10/19/2011

    In light of the heavy focus on Herman Cain's 9-9-9 plan on the GOP Presidential Debate stage in Las Vegas last night, Dean Clancy once again dives in. The review is mixed.

    What do you guys think? 

    3 comments
    Jason
    10/20/2011

    It seems like this analysis and many others don't mention the impact of reducing 'embedded' taxes and compliance costs. I've read that those are in the ~16%-22% range (if memory serves) depending on the product or service. Doesn't that reduce the impact on lower income earners? Basically we/they are paying it now - but we just don't know it! Ignorance is bliss... :)

    christian kowalski
    10/20/2011

    from all candidates so far i'd go with Cain-even if there is a possible "danger" regarding VAT tax,maybe also Gingrich.

    Maxine Saitta
    10/20/2011

    How come you don't mention the retired people who would be hit with a 9% tax on their retirement pensions?

    According to 999, the only deduction would be for charity.

    On the long form; Cain would eliminate deductions for medical, mortgage interest, and real estate taxes

    On the short form; we would not get any standard deductions and no double deductions for being over 65.

    I did the math, my income taxes would go up an additional $1400.00 on a pension of $20,000.

    You call that a modest increase????