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

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? 


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

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

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????