The Charts You Must See, Now, About GOP Tax Plans

By James Fallows

On the off chance that you have not yet seen the post by the Atlantic's Derek Thompson about the impact on different income groups of the Rick Perry tax plan, plus Herman Cain's 9-9-9 proposal, please go see it now.

If for some reason your link-clicking finger is disabled, you can get the idea by scrolling down in this post right here, which includes the two central charts. They show who would pay more, and less, in taxes under the Perry and Cain proposals.

Here goes. First, Perry. Income groups from left to right, and change in tax burden shown on the vertical scale. For more details, go to Derek's post:

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Now, Cain and 9-9-9:

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And now if you combine this with the CBO's latest study of where the gains in American wealth have gone over the past 30 years, you have a really great combination:

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That combination is: America, banana republic in the making. If that's the plan, it's working.

This article available online at:

http://www.theatlantic.com/business/archive/2011/10/the-charts-you-must-see-now-about-gop-tax-plans/247652/