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URL:  http://boards.fool.com/i-ran-a-married-couple-making-50000-through-29607543.aspx

Subject:  Re: Cain 9-9-9 Date:  10/16/2011  3:59 PM
Author:  wrjohnston91283 Number:  114178 of 124579

I ran a married couple making $50,000 through turbotax tax estimator. No children, standard deduction.

No standard deduction, no personal exemption. The tax is on gross less charitable deductions.

I know that applies under the 999 plan. I was comparing a couples taxes under current law, to their taxes under the 999 plan.

There has been no discussion of any exemptions from the 9% sales tax under Cain's plan. While I would expect any national sales tax to have SOME exemptions, given the lack of details, I assumed none. However, loan repayments would not have sales tax (although the original purchase would have; thus, the 9% would be on a number less than $44,500 f