Atlantic contributor Jared Bernstein shares a graph from the Center on Budget and Policy Priorities. It's based on the Tax Policy Center's analysis of Herman Cain's 9-9-9 tax plan. It's striking, obviously, but not surprising. If you create a flat tax, strip out the deductions for working families, and leave investment income untouched, you'll inevitably raise taxes across the board except for the investor class.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.