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.

read more

Source: feeds.networkingphoenix.com

Leave a Comment

Your email address will not be published. Required fields are marked *