Ted Cruz's plan would tax corporations at 16% and stop all the loopholes.
Wouldn't everyone, regardless of income, paying the same rate, be the fairest solution? The individual would pay 10%.
- A family of four will pay no taxes on their first $36,000 of income.
- The plan exempts a large amount of initial income for low- and middle-income taxpayers, with a $10,000 standard deduction and $4,000 personal exemption. It also keeps the Child Tax Credit and expands and modernizes the Earned Income Tax Credit with greater anti-fraud and pro-marriage reforms.
- The plan keeps the charitable giving deduction and features a home mortgage interest deduction, capped at principal value of $500,000.
We have reckless, out of control spending in this country. With the debt at over $19 trillion dollars. That is insane! I want to see the next president do something about that.
The Ted Cruz Simple Flat Tax will:
- Boost Gross Domestic Product by 13.9 percent above what is currently projected.
- Increase wages by 12.2 percent.
- Create 4,861,000 additional jobs.
2 comments:
Exactly how do you figure a 12.2% increase in wages? I haven't seen anything from the wannabes about this…
I'm seeing some states now $15 an hour min wage... If you're in New York City or San Francisco I can see that minimum-wage… But across this country, a min wage of $15 will put small businesses out of business
doesn't matter he is done and always knew never a chance
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