Derek Thompson writes:
Rick Perry's tax plan would raise taxes on most households, cut taxes on millionaires by hundreds of thousands of dollars, and reduce government revenue by about $600 billion in 2015, according to new analysis from the Tax Policy Center. … He and Herman Cain have both proposed flat-ish taxes that exempt investment income from taxation. The inevitable result of this decision is a huge tax break for the wealthy. If you think they've earned it, you're welcome to make the argument. Just know that a $500,000 tax cut for millionaires isn't a bug of Perry or Cain's tax plan. It is the plan.
Thompson's "very, very long graph" after the jump:
