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Old 01-04-2016, 10:16 AM
Fionn mac Cumh's Avatar
Fionn mac Cumh Fionn mac Cumh is offline
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Ben Carson Tax Plan

I like. I might vote for him based on this alone.

https://www.bencarson.com/issues/tax-reform

Quote:
Treatment Plan: Repeal the Entire Tax Code and Replace It With a True 14.9 Percent Flat Tax

Replace the tax code with a true flat tax – no deductions, tax shelters or loopholes.
Tax all income at a uniform 14.9 percent rate.
To protect those rising from poverty, apply the flat tax only to income above 150 percent of the Federal Poverty Level (FPL). For example, a family of four will not pay the 14.9 percent tax on their first $36,375 of income.
Treat everyone in America as citizen-owners and require those whose income is at or below 150 percent of the FPL to make a de minimis tax payment annually.
Tax income only once: no more double taxation of capital gains, dividends and interest income at the personal level.

Eliminate deductions for home mortgage interest, charitable giving and state and local taxes. The overwhelming majority of Americans do not benefit from these itemized deductions.
Eliminate the Alternative Minimum Tax (AMT). Under the current tax system, the AMT forces middle-class Americans to calculate their tax liability twice and punishes them by requiring them to pay the larger of the two tax bills.
Abolish the death tax in its entirety.
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Old 01-05-2016, 02:42 PM
aegsm76 aegsm76 is offline
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Re: Ben Carson Tax Plan

fmc - you can be reached with logic! I might just shout right here!
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Old 01-05-2016, 03:31 PM
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Fionn mac Cumh Fionn mac Cumh is offline
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Re: Ben Carson Tax Plan

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Originally Posted by aegsm76 View Post
fmc - you can be reached with logic! I might just shout right here!
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Old 01-06-2016, 04:35 AM
Originalist Originalist is offline
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Re: Ben Carson Tax Plan

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Originally Posted by Fionn mac Cumh View Post
I like. I might vote for him based on this alone.

https://www.bencarson.com/issues/tax-reform
A flat tax that could not be altered except by super majorities in each house is a nightmare to the elite establishment. How would they then be able to reward friends and punish enemies?
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