Herman Cain’s Plan to Double Your Taxes: More Voodoo Economics from the GOP

Writing for Mother Jones, Kevin Drum first cites USC’s Edward Kleinbard:

Now let’s put the three taxes together. Starting with $100 of pretax firm-level gross income available to pay salaries, the employee receives $91 in wages, and the firm pays $9 in "business flat tax." The employee then pays $8.19 in "individual flat tax" (9 percent of $91.00). Finally, the employee incurs a $7.45 further tax (the sales tax, measured as 9 percent of…