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{{:[[Ted Cruz|Cruz's]] [[Tax Reform]] [[Ted Cruz (Tax Reform)}}| (section page)]] ===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 [https://www.tedcruz.org/tax_plan/ (TCWTR)]**A flat 10% tax rate for all individuals exceeding the income cutoff [https://www.tedcruz.org/tax_plan/ (TCWTR)]**An additional flat 16% "business tax" that effectively acts as a value-added tax [https://www.tedcruz.org/tax_plan/ (TCWTR)]**Child Tax Credit and deductions for mortgage interest payments will remain in effect [https://www.tedcruz.org/tax_plan/ (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."[http://www.washingtonexaminer.com/ted-cruz-proposes-a-10-percent-flat-income-tax/article/2575178 (WE)]*Supports elimination of other taxes such as the Inheritance Tax, Overseas Profit Tax, Alternative Minimum Tax, and any "Obamacare" taxes [https://www.tedcruz.org/tax_plan/ (TCWTR)]
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