What are Herman Cain's plans? What is 9-9-9?

[WillowTree]

If a business has $1,000,000 in costs and $1,000,000 in revenue and pays 25% corporate taxes, how much do they pay in taxes? What if that is reduced to 9% corporate taxes? How much do they pay?

Corporations don't pay taxes they collect taxes from us the consumer.
Corp tax is 35% right now
It would be lowered to 9% a difference charged to consumers by 26%
Not only do we, the consumer pay the corp tax in our products we also have Fed Tax charges on our products.

Utterly false.

Payroll taxes that companies have to pay for employees, those get passed on to the consumer, yes. Corporate taxes are taxes paid on profits. These are not passed on consumers because they are not a cost of doing business.

Don'tBeStupid.

 

[mmmjvpssm]

This has probably been answered already but good to say it again. 999 is a plan that would increase taxes on the poor to middle class and decrease taxes for the rich, and maybe upper middle class I don't know where the line is. But the richer you are the bigger tax cut you get, percentage wise, not just total dollars. As you go lower and lower in income the tax cut rate gets lower and lower till at some point it becomes a tax increase