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Taxation. 9% of their income they would pay and then they'd pay 9% on every single thing that they purchased, which -- and they use all of their income every year to purchase it. so it would be the most dramatic increase on the working poor in this country in taxation that we have ever seen. how could you justify that? >> well, first of all, your calculations are incorrect. remember, if they're working and they're drawing a paycheck, they are paying 15.3% off the top of their income. so relative to their income, they're going to go from 15% down to 9%. they're going to pick up a 6 percentage-p...

Pay and then they'd pay 9% on every single thing that they purchased, which -- and they use all of their income every year to purchase it. so it would be the most dramatic increase on the working poor in this country in taxation that we have ever seen. how could you justify that? >> well, first of all, your calculations are incorrect. remember, if they're working and they're drawing a paycheck, they are paying 15.3% off the top of their income. so relative to their income, they're going to go from 15% down to 9%. they're going to pick up a 6 percentage-point gain. now, if they are in fact in t...

Run the numbers is what i ask people to do. go through the arithmetic. and you will find that it is not 18%. that is an erroneous calculation because they are not taking into account the elimination of the 15.3% payroll tax. >> herman cain, republican front-runner for the presidency, thank you very much for joining me tonight. thank you for giving us extra time. >> lawrence, i would come back and have a chat with you anytime. thank you, sir. >> we will do it. i can't wait. thank you very much. good luck on the campaign trail. [ applause ] >> thank you. >> still ahead in this program, sarah pal...

About a tax like that, considering the higher food prices that we've seen over the last several years. some of the prices have gone up and it's really hurt american families. that's why i'm focusing a little bit on this specifically because people want to know in a plan like this how it affects their personal finances. >> you're absolutely right. a lot of families have suffered. but here are two things that we are going to do in order to keep the prices from escalating. number one get this economy growing. in addition to having a net, net lower tax break for everybody that is out there working...

12346789. >> no, there is no danger in that. first, let me answer dave's question with the 999 plan. unfortunately, nobody else answered this question. he wanted to know with small businessmen, what are we going to do to help the small business person. i walked in dave's sloos. shoes. this economy is on life support. the 999 is a bold solution. throw out the current tax code and pass the 9% business flat tax and 9% personal income tax and a 9% national sales tax. this is the most important part. it eliminates or replaces corporate income tax, personal income tax. capital gains tax as well as t...