[USFRIENDINVICTORIA]

Right after I posted comment #5, I started wondering if there were some graphs on-line, that would illustrate the effects of a flat tax. It turns out that there's actually something much better.

Here's a link to a Townhall article titled “Design Your Own Flat Tax”:

http://finance.townhall.com/columnists/politicalcalculations/2011/09/30/design_your_own_flat_income_tax!

The article has a link to a tool that calculates the effects of any flat tax formula you chose — both on yourself, and on the national budget. Here's the direct link to that fascinating tool:

http://politicalcalculations.blogspot.com/2011/09/design-your-own-flat-income-tax.html

You can model Cain's tax proposals with it — or you can use it to come up with a better set of numbers.

[cizinec]

That’s really cool.

I actually end up almost even (a little worse off) on a 9% with no deductions whatsoever than with 22.5% with individual tax credit of $2400.

Of course, I have a big family. Individuals with small families are way better under 9-9-9 by 8%. Assuming they have a household of 2, don’t spend more than 90% of their income on new goods, they’d be ahead under 9-9-9.

So the more kids you have, the worse off you are under 9-9-9 vs. a flat tax with an individual tax credit.

[Cincinatus' Wife]

Thank you for the links.