Tax Notes Today features an article analyzing Republican presidential candidate Herman Cain's 999 plan for tax reform, which would replace current law with a 9 percent individual flat tax, 9 percent business flat tax, and a 9 percent sales tax. The plan would have an effective 27 percent flat tax on wage income, which would place a greater burden on the low-to-middle income taxpayers currently paying 15.3 percent. The plan would also feature an effective 17.2 percent tax on economic rents.
See Edward D. Kleinsbard, "Herman Cain's 999 Tax Reform Plan," 2011 TNT 205-25 (Oct. 17, 2011).
Posted by Adam Bair, Associate Editor, Wealth Strategies Journal
See Edward D. Kleinsbard, "Herman Cain's 999 Tax Reform Plan," 2011 TNT 205-25 (Oct. 17, 2011).
Posted by Adam Bair, Associate Editor, Wealth Strategies Journal
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