and a 9% sales tax. this would result in people in the top tax bracket, the richest among us, paying less than 18% of their income in federal taxes compared to the minimum of 35% that they currently pay on salary income. the biggest tax cut ever proposed for the rich in this country. it would also mean the biggest tax increase on the working poor who currently pay no federal income tax. they would now pay 18% in federal taxes. 9% in income taxes and 9% on every dollar they spend which of course is every dollar they earn. herman cain is fond of pointing out the working poor are paying 15% of taxes to the federal government. what s more with having them pay 3% more? the trouble is, of course, they are not paying 15% in payroll
country. it would also mean the biggest tax increase on the working poor who currently pay no federal income tax. they would now pay 18% in federal taxes. % 9% in income taxes and 9% on every dollar they spend which of course is every dollar they earn. herman cain is fond of pointing out the working poor are paying 15% of taxes to the federal government. what s more with having them pay 3% more? the trouble is, of course, they are not paying 15% in payroll taxes. they are paying half that. their employer pays the other half of their social security and medicare tax contributions to funding those programs. now, no doubt some of the campaign staff for the other republican candidates are learning right now for the first time as they watch this program that herman cain s plan includes abolishing social security and medicare. not just abolishing the payroll taxes that fund both of those programs, but abolishing the
compared to the minimum of 35% that they currently pay on salary income. the biggest tax cut ever proposed for the rich in this country. it would also mean the biggest tax increase on the working poor who currently pay no federal income tax. they would now pay 18% in federal taxes 9% in income taxes and 9% on every dollar they spend which of course is every dollar they earn. herman cain is fond of pointing out the working poor are paying 15% of taxes to the federal government. what s more with having them pay 3% more? the trouble is, of course, they are not paying 15% in payroll taxes. they are paying half that. their employer pays the other half of their social security
with all that talk about the 999 plan last night, kyra. i thought it was the plug for the 9:00 show. no, you could probably read the thought bubble coming out of mitt romney s head last night. he was basically saying i could get used to this because so much of the attention at this debate was focused on herman cain, the former ceo of godfather s pizza. probably felt like one of his own pizza because his rivals that table were turning up the heat. jobs, jobs, jobs. herman cain find out what happens to candidates who shoot up in the polls. they become big targets. when you take the 999 plan and you turn it upside down, i think the devil s in the details. cain s economic plan and sets rates at 9%. also create a new 9% national sales tax. if i think it s a catchy phrase. in fact, i thought it was the price of a pizza when i first heard about it. here s what we need. we need something that is doable, doable, doable. it will pass. it s not the price of a pizza. it was
language just poured out. this is a time when apparently he was very afraid of refrigerators. most of us kind of like the refrigerator. we go there often. it s our favorite place of the house. max wasn t all that fond of refrigerators. the interesting thing is now he is obsessed with refrigerators. but back then, 2001, he asked me to draw he asked me to draw him walking past the refrigerator. read the captions for us. he dictated. so max and mom went to c.v.s. in marshfield. max saw the refrigerators. he tells me it made the sound of christmas bells. then he tells me it sounded like christmas bells because the bottles were jiggling. actually i helped him with that. i told him that. then he asked me to draw this. max walked past the refrigerator. he would never do that. he couldn t even walk in a