Top Ten Videos to watch

crime scene
Vote
Studio Portrait of Two Young Women Back to Back, One With a Tattoo
Mamie Till and Emmett Till
GOP Redistricting Plot To Unseat Rep. Corrine Brown Exposed
Protests Break Out In Charlotte After Police Shooting
'Keep the Vote Alive!' March Commemorates Civil Rights Act
White man shooting
Gun Violence Continues To Plague Chicago, Over 1,000 Shootings For Year To Date
HS Football
Gun Violence Continues To Plague Chicago, Over 1,000 Shootings For Year To Date
Police Line
US-POLITICS-OBAMA
2016 Republican National Convention
44th NAACP Image Awards - Show
MD Primary
Premiere Of OWN's 'Queen Sugar' - Arrivals
Democratic National Convention
US-VOTE-REPUBLICANS-TRUMP
Los Angeles Rams v San Francisco 49ers
US-POLICE-RACISM-UNREST
Protesters Demonstrate Against Donald Trump's Visit To Flint Michigan
President Obama Speaks On The Economy In Brady Press Briefing Room
Lil Wayne
Construction Continues On The National Museum of African American History To Open In 2016
Preacher Preaching the Gospel
Hillary Clinton Campaigns In Louisville, Kentucky
Miami Dolphins v Seattle Seahawks
US-VOTE-DEMOCRATS-CONVENTION
US-ATTACKS-9/11-ANNIVERSARY
Leave a comment

While presidential candidate Herman Cain has drawn much attention with his 9-9-9 tax overhaul plan, many taxpayers would like to know exactly how his proposal would affect them.

The 999 Plan would impose a nine percent corporate tax rate, a nine percent income tax rate and a national sales tax of nine percent.

Experts have criticized the plan, saying that it would increase taxes for the poor and middle class, and provide cuts for the rich.

VIDEO:

Visit msnbc.com for breaking news, world news, and news about the economy

theGrio & NBC.com report:

The plan would represent a “major tax cut” for the rich and raise taxes “substantially” on the poor and middle class, Williams said. “Given that a big chunk doesn’t pay any income tax, this would be a big tax increase on people at bottom end. At the top end, the opposite happens.”

The top end would go from about a 35% income tax rate to 9%. “That’s a big, big drop,” Williams said, adding that the capital-gains tax would be another added benefit for the wealthiest. “People at the top would see far and away the largest share of the gains. Those people are going to see a huge tax cut.”


Read more at theGrio.com


RELATED:

Seattle Superhero Phoenix Jones Reveals Secret Identity

Also On News One:
comments – Add Yours