Step right up, get your Cain tax cuts here! Or not.

The Tax Policy Center has conducted a more in-depth analysis on how Herman Cain’s 9-9-9 plan would redistribute the federal tax burden. It found that 83.8 percent of all taxpayers would experience a tax increase, and in some cases that increase would be substantial.

For example, those making less than $10,000 a year would see their after-tax income fall by 20 percent. Those making $40,000 to $50,000 a year would see their after-tax income fall by 11.1 percent.

Conversely, those making between $500,000 and $1 million would see their after-tax income rise by 11.1 percent. Those making more than $1 million would see their after-tax income rise by 22.4 percent.

But remember, as conservative economist Christine Ries of Georgia Tech reminds us, this is a good thing. “If you’re going to put a good tax reform proposal together, it’s going to be regressive. People are going to have to accept that.”

Here’s a chart, based on the TPC analysis, documenting how much more or less each income group could expect to pay under the 9-9-9 plan. As you may notice, this chart does not include the impact on taxpayers with incomes of more than $500,000, for reasons explained below.

cainplan1

The chart above does not contain figures for higher-income levels because those numbers are so huge that they throw the entire illustration out of scale. For those making more than $1 million, for example, the average savings under the Cain plan is $455,247. So figures that large had to be given a chart of their own.

cainplan2

Now, maybe Americans are fine with all this. Maybe the conservative Republicans who have rallied to Cain’s side, making him the co-leader in the nomination process, think this is a wonderful idea that would really turn this nation around.

Me, not so much.

– Jay Bookman

443 comments Add your comment

Joe COOL

October 19th, 2011
11:33 am

USinUK

October 19th, 2011
11:33 am

priorities, Jay … it’s all about priorities.

and we see where Cain’s priorities lie.

Joe COOL

October 19th, 2011
11:33 am

What do i win?…ohh, Higher taxes under Cain.

liberalefty

October 19th, 2011
11:34 am

liberalefty

October 19th, 2011
11:34 am

DIDNT he get this plan off a video game or something! lol

liberalefty

October 19th, 2011
11:35 am

i guess its ok to raise taxes if you’re a republican

Ricky B

October 19th, 2011
11:39 am

Slingshot: engaged.

Can’t balance the budget without raising taxes on the middle class unless spending is cut.

With all due respect, and I do mean all due respect sir, I didn’t realize you’d gotten experimental surgery to get your balls removed.

getalife

October 19th, 2011
11:41 am

I got a 3.6 % raise so don’t don’t tax me bro.

theintelligentdesigner

October 19th, 2011
11:42 am

Hi Jay, did you ask Ms. Reis why tax reform has to be regressive? If, as the TP/GOP repeats as if vomiting, the US is the greatest country on earth, didn’t the progressive tax system in place for 2000 years, as told in Herm Cain’s Bible, have a lot to do with that success?

Aquagirl

October 19th, 2011
11:42 am

Ricky B, I don’t think that’s experimental surgery. The Catholic Church perfected it long ago.

Ricky B

October 19th, 2011
11:43 am

Getalife

Taser’s are American. Taxes are French.

Peadawg

October 19th, 2011
11:43 am

Those charts are scary, Jay. Real scary. Here’s hoping the 6-6-6…err…9-9-9 plan never sees the light of day.

BTW, don’t you just love when politicians leave out the fine print when presenting a proposal?

Peadawg

October 19th, 2011
11:45 am

“DIDNT he get this plan off a video game or something! lol” – Apparently there are a lot of similarities w/ the tax system in Sim City.

getalife

October 19th, 2011
11:46 am

Ricky Bobby,

Lets us pray,

Thank you baby Einstein Jesus……

Normal

October 19th, 2011
11:46 am

This is why the GOP wants to end public education…if you can’t do the math, you have to take somebodies word for it…want to buy a pig in a poke?

Ricky B

October 19th, 2011
11:46 am

Aquagirl

Well, if that’s what the catholic church gave us, I’m glad I’m American.

liberalefty

October 19th, 2011
11:47 am

@predawg

its amazing that folks even listen to this bs plan!

md

October 19th, 2011
11:48 am

Don’t much care for the plan, but there seems to be an awful lot of confusion coming out of it……even from Cain himself.

I’d like to see a chart that shows the true effect of the option to buy used vs new goods……supposedly including cars. That would be huge for a lot of folks.

I can’t analyze what I do not know, and Herman has done a poor job of explaining it………..

Ricky B

October 19th, 2011
11:49 am

Getalife

…..and also that my kids no longer sound like retarded gang bangers…. Like those people in the park

Wizard of Oz

October 19th, 2011
11:50 am

I am the great and powerful Oz. pay not attention to that tax code behind the curtain!

md

October 19th, 2011
11:50 am

And missed all the fun with the debate, but Perry sure looked like an ass with his inaccurate accusations…………….a “President” should know better……..he looks terrible imo.

liberalefty

October 19th, 2011
11:50 am

CAIN can’t even explain this convoluted plan.

ty webb

October 19th, 2011
11:54 am

Jay’s really sinking his analytical chops into this 9-9-9 plan. Kudos…now where was this analysis during the “Obamacare” debate. Care for a do-over regarding the CLASS act, Jay?

Don't Forget

October 19th, 2011
11:55 am

This plan is similar to the Bush tax cuts in how it is skewed to the wealthy but rather than offer small cuts for the 99% it offers increases, in some cases large increases. If you can sell that, you can sell ice cubes to an eskimo.

Recon (2nd.and 3rd.)

October 19th, 2011
11:56 am

There are legitimate questions/concerns about Cain’s 9-9-9 plan. It’s inaccurate to claim that Herman Cain’s support comes only from Conservative Republicans it also includes Independents all of whom are your typical likely voters that Rasmussen polls. Also Evangelicals are attracted to him. The attraction to Cain is his privates sector experience, the fact that he’s a non-establishment candidate and his plain straightforward manner of speaking.

Ricky B

October 19th, 2011
11:56 am

Liberallefty

Oh it’s been explained. But it might be a bit much for you guys

Cain wants to get in the fast lane and go fast

I can’t blame him really

Joe the Plutocrat and Tom Waits fan

October 19th, 2011
11:56 am

or, as my other Lord and Savior observed; “…the large print giveth, and the small print taketh away…” Step right up, step right up…

getalife

October 19th, 2011
11:59 am

Quotes from the debate:

“Dr. Ron Paul: You jagaloons! You’re failures! FAILURES!
perry: Hey, you’re embarrassing yourself, you geriatric con!

perry: Two things: You keep your liver-spotted hands off my beautiful mother. She’s a saint! And then you sit down and you write me and willard a check for $10,000.
bachmann: Oh, stop it! Stop it right…
perry: Or I’m gonna shove one of those fake hearing devices so far up your blank.

willard: …you can hear the sound of your small intestine as it produces crap .

Stonethrower

October 19th, 2011
11:59 am

Mitt slapped Rick Perry around yet again.

Don't Forget

October 19th, 2011
12:00 pm

Whatever happened to “trickle down”?

We were told that prosperity at the top would trickle down to the rest of America. It never happened. Instead, wage increases have slowed for the past 30 years for most Americans while the top has soared. Trickle down was a massive lie and epic fail.

They BOTH suck

October 19th, 2011
12:01 pm

Recon @ 11:56

I can’t say that the numbers Jay has presented are correct or not. With that said; do you think Cain still gets the same support if it is found that numberous economists from all walks assert that Cain’s plan will raise Joe Six Pack’s taxes?

Ricky B

October 19th, 2011
12:01 pm

The tax man is comin to light us all on fire, like it or not, unless we make them cut spending.

Aquagirl

October 19th, 2011
12:03 pm

The attraction to Cain is his privates sector experience

He’s no match for Michelle Bachmann there. We’ve seen her with that corndog.

Ricky B

October 19th, 2011
12:04 pm

DC is like Cal with his foot to the floor burning all tue rubber off the tires

Dumb driving. Real dumb.

liberalefty

October 19th, 2011
12:04 pm

@ricky b

yeah its been explained that 84% of americans will pay more taxes. so much for your “MESSIAH” LOL

md

October 19th, 2011
12:05 pm

“This plan is similar to the Bush tax cuts in how it is skewed to the wealthy”

Huh? Those cuts were applied to everybody last I checked……….

“Instead, wage increases have slowed for the past 30 years for most Americans while the top has soared.”

Amazing isn’t it……folks buy/demand ever cheaper products……..buy them from overseas……then complain that there wages are stagnant…………..geesh folks, get a clue. It is US that is the problem………

stands for decibels

October 19th, 2011
12:05 pm

“If you’re going to put a good tax reform proposal together, it’s going to be regressive. People are going to have to accept that.”

or as I said downstairs: “the conservative base routinely opts to screw the less well off and promote the well-being of their Galtian overlords.”

Peadawg

October 19th, 2011
12:06 pm

“Care for a do-over regarding the CLASS act, Jay?” – What the CLASS act? I haven’t heard of that one, ty.

Ricky B

October 19th, 2011
12:06 pm

Mehhhh

If my taxes only go up $4000 after this is all over, it will be a godsend

Please baby Jesus, deliver fortitude to our idiots in DC, and let them cut spending so they don’t have to take all my money away to pay for their stupid spending and debt

md

October 19th, 2011
12:07 pm

“do you think Cain still gets the same support if it is found that numberous economists from all walks assert that Cain’s plan will raise Joe Six Pack’s taxes?”

No……..if 999 is proven to increase taxes, his support will dry up in a hurry………maybe not from the base, but definitely from the moderates.

ty webb

October 19th, 2011
12:08 pm

Peadawg,
Good question. You should also probably question why you also haven’t heard about it, or recent developments regarding it.

Ricky B

October 19th, 2011
12:08 pm

That prayer was brought to you by dominoes and mountain dew

Matti's Calculator

October 19th, 2011
12:09 pm

Sooooo, the Republicans’ pledge to Grover Norquist (instead of pledging loyalty to the people whom they were elected to represent) to never raise taxes could potentially be waived if the tax increase in question (a) would increase the burden on the poor and middle class, and (b) put more money in the pockets of the super rich. Am I interpreting this correctly?

(I’d insert a (c) into the list, but nobody seems to care whether this “plan” would actually fix the deficit they pretend to care about when a Dem occupies the WH, so I skipped it.)

larry

October 19th, 2011
12:10 pm

All Cain has to say is ” I have no idea ”

All kidding aside, Im trying figure out why so much attention on a guy who probably will not win the nomination.

stands for decibels

October 19th, 2011
12:12 pm

nobody seems to care whether this “plan” would actually fix the deficit they pretend to care about when a Dem occupies the WH

What the hey, I’m gonna re-insert this bit of painful truth from Atrios–

http://www.eschatonblog.com/2011/10/austerity-forever.html

“[I]f the deficit fetishists actually cared about the deficit they’d understand that the best way to get rid of it is economic growth. There is no evidence at the moment that the deficit is having any negative impact on economic growth through higher interest rates, so the lack of growth is due to something else. Fix the economy, fix the deficit.

“But they don’t care about the deficit, the care about cutting spending. They don’t care about cutting spending on freedom bombs and perpetual war everywhere, they care about cutting spending for old people and poor people. They aren’t noble fiscal hawks, they’re just bad people who enjoy the suffering of others.

Cain the Messiah

October 19th, 2011
12:13 pm

i’m the anti obama the black saviour.vote for me to prove youre not racists.

Don't Forget

October 19th, 2011
12:14 pm

“But they don’t care about the deficit, the care about cutting spending.

Heck, they CAUSED the deficit. It’s called “starve the beast”.

stands for decibels

October 19th, 2011
12:14 pm

i’m the anti obama the black saviour.vote for me to prove youre not racists.

You’re. Not. Helping.

larry

October 19th, 2011
12:16 pm

They aren’t noble fiscal hawks, they’re just bad people who enjoy the suffering of others.

It makes me wonder how they sleep at night. I know i couldnt.

Recon (2nd.and 3rd.)

October 19th, 2011
12:16 pm

They both suck,

That would probably take him out of the running for the Republican nomination but I think his lack of a strong financial war chest will probably be an issue for him anyway. It won’t take him out of the running as the VP candidate though.

AmVet - Neo-cons, they're just bad people who enjoy the suffering of others.

October 19th, 2011
12:17 pm

Just another idiotic, simplistic non-plan for the rubes.

Proffered by a spine-free simpleton.

The $9.99 plan is the man-made global cooling version of economic policies…

Gail

October 19th, 2011
12:18 pm

People who are against this plan are not considering the effect it would have on the economy. It should enable companies to create jobs & also increase wages. Also, people who are working for cash & do not report any or all of their income of course would be paying more taxes. In addition, I looked at the Tax Policy Center’s table in the link and I can’t tell if they took into account the fact that people in the lower income levels many times receive government benefits such as SNAP, WIC, free and reduced lunch, housing assistance, as well as being eligible for private charitable assistance so their disposable income may not be as low as it seems.

Armed Liberal

October 19th, 2011
12:19 pm

This is our future and our present unless the Dems can somehow take back Congress:

http://slyoyster.hypervocal.com/wp-content/uploads/2011/10/cJJ7l.jpg

larry

October 19th, 2011
12:20 pm

Historically, deficits are higher under Repub administrations and GDP is higher under Democratic administrations.

The question is why the rest of the country dont understand this.

Also, every recession with the exception of two ( 1952 and1980) happened under a Repub adminstration.
And they want to ” fix ” the economy. No thanks.

libertarian Viking

October 19th, 2011
12:20 pm

Mr. Bookman,

Does The Tax Policy Center analysis account for the taxes currently paid indirectly through the price of goods and services?

Stevie Ray

October 19th, 2011
12:20 pm

Jay,

The tax policy center also said the following in October of 2011: The Democrat’s Millionaire Tax: Smart Politics, Awful Policy

http://taxvox.taxpolicycenter.org/2011/10/06/the-democrat%e2%80%99s-millionaire-tax-smart-politics-awful-policy/

Can you suggest anything that will help increase revenues that is simple, workable, and pays for everything you so desire? Let’s start with how much dough you require for all your concepts of addressing the big income disparity issue that is posited ad nausea…Don’t let me down.

Seems like just another lie by omission on your part to support your all or nothing and often, irrational support of all things Democratic.

Help me out please..

Aquagirl

October 19th, 2011
12:21 pm

It should enable companies to create jobs & also increase wages.

…..through the magical work of Keebler Elves.

stands for decibels

October 19th, 2011
12:22 pm

It makes me wonder how they sleep at night. I know i couldnt.

“I bet you sleep at night with silk sheets and a clean mind
While killers roam the streets in numbers dressed in blue
And you’re trying to hide it from us
But you know what I mean.”

http://www.youtube.com/watch?v=PT18abJYkLU

md

October 19th, 2011
12:22 pm

“This is our future and our present unless the Dems can somehow take back Congress:”

No thanks……some of us don’t much care for mandates…….from either ideology.

Stevie Ray

October 19th, 2011
12:23 pm

Addionally, where is the big creative Democratic plan? At least this guy has the courage to put something on the table that, albeit more complex than suggested superficially, may be tweakable to address the issues surfaced by TPC.

Did TPC contemplate the elimination of taxes on downstream suppliers and vendors?

Jay

October 19th, 2011
12:23 pm

Stevie Ray, I’ve said repeatedly here that I would be fine with an elimination of the Bush tax cuts for everyone.

Armed Liberal

October 19th, 2011
12:23 pm

Gail – please forward me some of those sweet sweet drugs that make you believe that a turd is a diamond. I’m having “one of those days”…

CAIN THE MESSIAH

October 19th, 2011
12:23 pm

God told me my plan would work

larry

October 19th, 2011
12:25 pm

It should enable companies to create jobs & also increase wages.

I dont see how with a 16% sales tax on all new products . Thats 9% Pain Cain sales tax plus 7% state sales tax.

stands for decibels

October 19th, 2011
12:25 pm

I’ve said repeatedly here that I would be fine with an elimination of the Bush tax cuts for everyone.

and so have I, and so have several other DFH regulars here.

Joe COOL

October 19th, 2011
12:25 pm

Romney:
“So we went to the company and we said, look, you can’t have any illegals working on our property,” said Romney. “I’m running for office, for Pete’s sake, …

Now if he wasnt running, they’d still be working for him.

John

October 19th, 2011
12:25 pm

Jay is for higher taxes. Except when he is against it.

Armed Liberal

October 19th, 2011
12:26 pm

md

October 19th, 2011
12:22 pm

Huh? Who mandated in that strip? Calvin or Hobbes or was it Susie??

getalife

October 19th, 2011
12:26 pm

I think willard got a taste of what our President deals with everyday from the gop and this will be his last run.

stands for decibels

October 19th, 2011
12:28 pm

this will be his last run.

well of course it’s his last run. He’ll be 69 years old in 2016. Na gone duit again.

Granny Godzilla

October 19th, 2011
12:28 pm

So 999 gets deep sixed.

Drat!

We were going to start a used food supermarket chanin.

Mick

October 19th, 2011
12:31 pm

Jay

Thanks for the barney frank debunking, doesn’t matter to the other side it just does not compute. The same myth about obama and the deficit, lies, lies, and more damn lies. I agree, get rid of the bush tax cuts completely, they put us on this path because they knew it would create deficits then they would be able to drown gov’t spending in the bath tub. Unfortunately, irresponsible governing by the repubs gets the dems all the blame in the cleanup, where will it end?

Libertarian

October 19th, 2011
12:31 pm

Well of course a consumption tax will increase taxes for some. Like those who currently don’t pay any federal income tax. Seems kinda obvious.

getalife

October 19th, 2011
12:31 pm

“an elimination of the Bush tax cuts for everyone.”

I have a major problem raising taxes until they stop wasting our money on corporate welfare but to balance our budget, they have to let them expire.

Cain You Believe It! Heaven Help Us!

October 19th, 2011
12:31 pm

Herman Cain’s 9-9-9 plan would redistribute the federal tax burden. It found that 83.8 percent of all taxpayers would experience a tax increase, and in some cases that increase would be substantial.

I REPEAT:

All of you Herman Cain supporters must realize that your destiny is tied up with our destiny. IF WE ARE TAXED….YOU ARE TAXED AS WELL. Cain’s 9-9-9 plan DOES NOT DISCRIMINATE (BOTH BLACK AND WHITE WILL SUFFER)!

Solyndra

October 19th, 2011
12:31 pm

“It found that 83.8 percent of all taxpayers would experience a tax increase,…”

That’s not necessarily a bad thing. The 50 or so percent of Americans who pay no income tax at all could stand to have a little skin in the game, even if it’s just a few bucks. It might help them feel more like productive American citizens, and less like leeches.

Jay

October 19th, 2011
12:31 pm

Libertarian Viking, yes it does.

Aquagirl

October 19th, 2011
12:32 pm

and so have I, and so have several other DFH regulars here.

I really think we should hold off until we get details of Gail’s Sweet Sweet Drugs and Keebler Elves plan.

stands for decibels

October 19th, 2011
12:32 pm

So 999 gets deep sixed.

Drat!

honestly? I was hoping it wouldn’t be quite that horrible for the groundlings, so that Herman would have a decent chance of winning the nomination because, well, as we all know, Obama would beat Cain like a yard dog. I’m talking 45, 46 states or so.

As previously posited, barring some apocalyptic-horrible economy ahead (as opposed to merely horrible, which is what we’re resigned to these days) Obama will beat Romney just regular.

liberalefty

October 19th, 2011
12:32 pm

didnt CAIN say he wouldnt have any muslims in his administration? how racist

carlosgvv

October 19th, 2011
12:33 pm

Many conservative Republicans do think this is a wonderful idea and not all of them are rich. Many are middle-class and poor but are so naive and gullible that they will gladly pay more in taxes if only it will get that Muslim Socialist President out of office and “get this Country moving again”.

liberalefty

October 19th, 2011
12:33 pm

@soylandra

so raising taxes is now good? smh

Cain You Believe It! Heaven Help Us!

October 19th, 2011
12:34 pm

@Granny Godzilla October 19th, 2011 12:28 pm

That was funnnnny!!!!!!

moonbat betty

October 19th, 2011
12:34 pm

Obama’s tax and budget plan is working just as invisioned.

Just give it time.

What’s the rush??

4 more years…

liberalefty

October 19th, 2011
12:35 pm

@carlos

yes racism and hatred drives these god fearing conservative republicans

Joe COOL

October 19th, 2011
12:35 pm

Used diapers on sale under Cain

md

October 19th, 2011
12:35 pm

“Huh? Who mandated in that strip? Calvin or Hobbes or was it Susie??”

Didn’t even look at the link…….responded to the comment I put in quotes………

getalife

October 19th, 2011
12:36 pm

4 more years…

Agreed.

Cain You Believe It! Heaven Help Us!

October 19th, 2011
12:37 pm

@Solyndra October 19th, 2011 12:31 pm

So you got it like that? So you would pay MORE taxes just to get revenge on the people who could least afford to pay?

God will remember you!

Ricky B

October 19th, 2011
12:38 pm

Jay 12:23

Agreed. Entitlements will still have to be reformed though

Buy not by as much

liberalefty

October 19th, 2011
12:38 pm

@cain you believe

hes[soylandra] a good christian who likes to see others suffer

Ricky B

October 19th, 2011
12:40 pm

I’d rather close loopholes and lower rates tho

Granny Godzilla

October 19th, 2011
12:42 pm

Used furniture, I have bought loads over the years…great bargains refinished lovingly by hand that are proudly displayed in my home and often the object of envy by the “rooms to go” set.

Used cars, been there done that too.

Used clothes, yes I still do some consignment shopping. Watch the labels and inspect carefully and get a great bargain.

Used food?

Used medicine?

Not so much.

[...] post: Step right up, get your Cain tax cuts here! Or not. – Atlanta Journal Constitution (blog) Related Posts:Tax hikes for most Americans in Cain plan – Stuff STEPHEN OHLEMACHER Republican [...]

Peadawg

October 19th, 2011
12:43 pm

“Obama’s tax and budget plan is working just as invisioned.” – Extending the Bush tax cuts is what you envisioned? $15 Trillion is what you envisioned? Yikes!

“4 more years…” – God I hope not.

liberalefty

October 19th, 2011
12:44 pm

why would people want to pay more taxes mr. cain?

Cain You Believe It! Heaven Help Us!

October 19th, 2011
12:46 pm

@liberalefty October 19th, 2011 12:32 pm

Herman Cain is an uncle Tom and a bafoon. He is saying everything he thinks white people want to hear. He does not realize that he is still in their eyes a Negro to say it lightly!

Herman Cain is going to rot in hell and black people will NEVER forget what he did and especially what he said! When he falls from that pedetal we are going to laugh our a**es off.

The people he stepped over on his way up will be the same people he steps over on his way down.

Don't Forget

October 19th, 2011
12:47 pm

Granny Godzilla

October 19th, 2011
12:47 pm

Cain You Believe It! Heaven Help Us!

October 19th, 2011
12:46 pm

Your use of that term really is not acceptable.

Please stop it.

Don

October 19th, 2011
12:47 pm

This ain’t rocket science. If you replace graduated rates with flat rates, this is what you get. This is 6th grade math.