That sounds very nice to me and very, VERY conservative.
Notice the article said “your tax return would fit on a postcard”.
That sounds a lot like what Cruz is proposing.
Huckabee was the only candidate that mentioned the FAIR tax at the debate, still can't support him...
A progressive tax system that leaves the entirety of the IRS in place...
Figures. Trump’s modus operandi appears to be shuffle the deck chairs, but steer the same course.
No thanks. There are BETTER candidates offering either a Flat tax or, preferably, an NRST.
Cruz 2016.
Those that receive social security income are taxed twice. One tax to pay into the system and then the 1% trump tax.
The problem that the US faces is not with the method or structure of tax COLLECTION. There are a lot of tax collection options (fair tax, flat tax, sales tax, etc). NONE OF THEM ADDRESS THE PROBLEM!
The problem is spending. As long as spending exceeds collection we have a major and ever growing problem.
“those making up to…$30,000 per year will pay 1 percent in federal income taxes”
Shame on you, you didn’t read your own article. Everyone pays something,
Not to me, and I'm so conservative that I make Alexander Hamilton look like a hippie.
If a person is making under the minimum needed to survive, I believe that he should be given the option to forfeit his right to vote or serve on a jury and likewise be exempted from paying income taxes.
But everyone should have some "skin in the game."
Regards,
I don’t think so. Everybody has skin in the game. If you make $20,000 you pay $200. More than fair.
Cute.
The people who would be paying 1 percent are actually receiving "earn income credit" subsidies now, so the left will howl that we are taxing the poor.
| If I Earn This Much: | My Tax Bill is: |
| 30000 | 300 |
| 30001 | 1500 |
| 100000 | 5000 |
| 100001 | 10000 |
| 1000000 | 100000 |
| 1000001 | 150000 |
| 30000 | 300 |
No, people paying from $1 to $30,000 would pay 1%. People paying $30,000 to $100,000 would pay 5%. Since most families earning under $50,000 pay no income tax thanks to deductions and credits then doing away with them will mean a tax increase for about half the population. I guarantee you once the media realize that then they'll start doing stories about how Trump wants to shaft working people.
The major problem I see with Trumps tax plans is that when you also take into account the increases he want in defense and veterans programs, as well as his claim that he won't cut Social Security or Medicare, then he's setting us up for runaway deficit spending yet again.
Actually, if you earn less than $30,000 per year, you’d pay somewhere under $300 per year in taxes, no?
From what I’ve read, I think the EIC would remain. So I wonder if those on the lower end would still end up with a credit when they file. I think he also wants to impose a one-time tax of something like 15% on millionaires to go towards the national debt, payable over 10 years.
30,000 and below would pay 1% !!!!!!
I like it!!!