On November 4, 2011, the Des Moines Register reported:
Two-thirds of likely Iowa Republican caucusgoers earning less than $50,000 a year believe they personally would be better off or in the same situation under Herman Cain’s 9-9-9 tax plan, The Des Moines Register’s new Iowa Poll shows.
Research-group reviews of the plan have found that most families making $100,000 or less would pay thousands of dollars more each year.
[…]
The bottom line: A family with an income level of $40,000 to $50,000 would pay $3,407 more a year in taxes, while families making $500,000 to $1 million a year would pay on average $80,315 less, according to the Tax Policy Center…
Read more from the Des Moines Register here
Published: Nov 4, 2011