"HERMAN CAIN FOR PRESIDENT:THE TRUTH ABOUT HIS TAX CODE ( 9-9-9) IS REVEALED"

Herman Cain who is the current leader in the Republican Party presidential field has proposed a radical and an unconventional approach for solving the present unfair tax code used in America by the IRS that is filled with loopholes for individuals and corporations to evade taxes. His new tax code 9-9-9 is very catchy to the eyes, looks so simple to understand and appears to be fair, uniform across the board and transparent. The 9-9-9 means 9% personal income tax that will replace the payroll taxes, 9% national sales tax for new goods and 9% corporate tax.

How good is this 9-9-9 tax code in reality? Is this tax code better than the present tax code? Is this tax code going to bring in more revenue to the government's coffers than the present tax code? Is this tax code going to reduce federal deficits and debt than the present tax code? Who will pay more under the 9-9-9 tax code? Who will pay less under the 9-9-9 tax code? Who will benefit more under the 9-9-9 tax code? Who will be affected more under the 9-9-9 tax code? Is this 9-9-9 tax code going to transfer wealth from the poor and the middle class Americans to the corporations? Does 9-9-9 tax code protect the richest Americans and the corporations from paying their fair share in taxes?

At the present moment based on our current tax code in use, three factors (low tax revenue, huge defence spending and government sponsored entitlements programs ) are primarily responsible for America's huge foreign debt and deficits. The Internal Revenue Service (IRS) brings in about $2.16 trillion in revenue yearly from all taxes. Herman Cain's 9-9-9 if implemented will bring in only $1.76 trillion yearly, which is $400 billion less that the present tax code. Under Herman Cain's 9-9-9 tax code, personal income tax will bring in $1.12 trillion, national sales tax $378 billion and the corporate tax $270 billion.

The tax income of $270 billion will be the lowest taxes ever paid in the history of America by the corporations and the wealthy Americans. His 9-9-9 tax code will also result in the largest taxes ever paid by the poor and the middle class Americans in history. 9-9-9 tax code is designed to protect the corporations and the top 1% of the richest Americans by making them richer and richer with less taxes paid, and at the same time, over-taxing the 99% of all Americans (the poor and the middle class Americans) by making them poorer and poorer through more taxes.