Thursday, October 20, 2011

9 9 9 Herman plan, a bad one

It sounds fair, but it is a really bad idea, let us go to the math details:
I want to take 2 extreme examples to show you how bad it is
EXMPL 1): You make flat $100k, you get $91000 after income taxing
You will pay another 9% then you have $83k for your family 3
You have no savings, 0 savings
EXMPL 2): You make flat $1000k, you get $910k after income taxing
S1----You spend say $200k for your family 3, then you get $892k
S2----You spend say $100k for your family 3, then you get $909k
You have savings $892k or $909k
Now you got it?
Herman is for the rich, of the rich, by the rich 1%
Good news for NOBAMA!

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