Saw this on twitter.
It’s a 999 Sales Tax Calculator. It claims it has no affiliation with Herman Cain’s campaign.
Basically you enter your state sales tax, the price of a good, and it shows you the total price under the current tax code and Herman Cain’s 999 plan. It also makes the case that it is not a VAT. Democrats love a VAT, because it raises taxes. Cain claims his plan doesn’t include a VAT, I disagree. I’ve seen many say the tax rate could actually be 15%, still researching it.
Andy over at Ace of Spades HQ, says it’s a modified VAT. Either way, a VAT is bad, bad news.