Wondering how the 9-9-9 plan might affect the average American?

The median income for a US household is about $50,000.  I ran this figure for single, married, and married with 2 children.

Under Cain’s plan (which has many details that have not been released), the household’s tax would be $4,500.

Single folks making 50k would receive a tax break.  Under today’s law, a single person taking the standard deduction would have tax of $6,256.  Cain’s plan would reduce taxes by $1,756.

Unfortunately, this is where the good news stops.

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Source: feeds.networkingphoenix.com

Matthew O'Brien

With over 20 years of experience in the digital media world, Matthew has worked for and with Fortune 500 businesses and has built companies from the start-up stage to exit strategy. He recently helped develop a data insight engine to bridge the gap between search, social, and mobile marketing to maximize the visibility, relevancy, and predictive success of online businesses.

Matthew is the founder of MINT Social, an award-winning digital marketing company that accelerates online marketing results to help businesses get found and thrive online. 

Matthew has developed an educational curriculum for Universities on social media for businesses, is a founding board member of the Arizona Innovation Marketing Association (AZIMA), a board member of HeroZona Foundation and on the advisory board (Vinnies) for St. Vincent de Paul - Phoenix.  Matthew is a mentor with ASU Entrepreneurship and Innovation Group, a speaker on social media and digital marketing, and is a subject matter expert with many online portals.

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