He calls it the 9-9-9 Plan, which consists of a brand-new retail sales tax layered on top of a new-and-improved business transactions corporate tax (a substitute for the current corporate income and payroll taxes), in turn layered on top of a new-and-improved comprehensive factor income tax (a replacement for the current mishmash of individual income and payroll taxes).

FORBES: Herman Cain's Tax Plan Is a Winner, But Here's Your Exploding Cigar

The main components that still have to be put in place are the income tax portion of the comprehensive tax reform package -- with that we should be graduating from the IMF.

CNN: 'We Remain Confident'

Please stay tuned as we explore other noteworthy terms and definitions to help you gain a comprehensive understanding of this new investment income tax.

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I'll submit to Congress comprehensive tax policies to strengthen opportunity in our country, with only two income tax rates of 10% and 28%.

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