Difference between revisions of "Ted Cruz (Tax Reform)"
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| + | ===Repeal Tax Code and Institute a "Flat Tax" Policy=== | ||
| + | *Wants to institute a "simple flat tax policy" | ||
| + | **Up to 36,000 dollars in untaxed income for a family of four (TCWTR) | ||
| + | **A flat 10% tax rate for all individuals exceeding the income cutoff (TCWTR) | ||
| + | **An additional flat 16% "business tax" that effectively acts as a value-added tax (TCWTR) | ||
| + | **Child Tax Credit and deductions for mortgage interest payments will remain in effect (TCWTR) | ||
| + | *"I am campaigning on a flat tax that would allow every American to fill out his or her taxes on a post card [or iPhone app] that allow us to abolish the IRS."(WE) | ||
| + | *Supports elimination of other taxes such as the Inheritance Tax, Overseas Profit Tax, Alternative Minimum Tax, and any "Obamacare" taxes (TCWTR) | ||
Revision as of 17:42, 25 January 2016
Repeal Tax Code and Institute a "Flat Tax" Policy
- Wants to institute a "simple flat tax policy"
- Up to 36,000 dollars in untaxed income for a family of four (TCWTR)
- A flat 10% tax rate for all individuals exceeding the income cutoff (TCWTR)
- An additional flat 16% "business tax" that effectively acts as a value-added tax (TCWTR)
- Child Tax Credit and deductions for mortgage interest payments will remain in effect (TCWTR)
- "I am campaigning on a flat tax that would allow every American to fill out his or her taxes on a post card [or iPhone app] that allow us to abolish the IRS."(WE)
- Supports elimination of other taxes such as the Inheritance Tax, Overseas Profit Tax, Alternative Minimum Tax, and any "Obamacare" taxes (TCWTR)
