Posted on 11/16/2011 2:35:36 PM PST by 92nina
[Actual chart coming in a follow up(s) comment as it is too large for a main post.]
Column Definitions: Tax Pledge: Has the candidate signed the “Taxpayer Protection Pledge” sponsored by Americans for Tax Reform?
Individual Rates: What tax rate or tax rate range does the candidate want the individual income tax to have?
Business Tax: At what marginal tax rate would the candidate tax corporate and small business profits?
National Sales Tax: Has the candidate endorsed any form of a national sales tax, including a VAT?
Cap Gains: At what marginal tax rate would the candidate tax capital gains and dividends?
Payroll Tax: What, if any, changes would the candidate make to the Social Security and Medicare payroll tax system?
Death Tax: What, if any, changes would the candidate make to the death tax?
Full Business Expensing: Is the candidate in favor of letting all businesses deduct all purchases the first year?
Territoriality: Does the candidate support ending the double taxation of income earned overseas?
Chart Citations
Cain: http://www.hermancain.com/999
Perry: http://www.rickperry.org/content/uploads/2011/10/Cut-Balance-and-Grow-Summary.pdf
Paul: http://www.ronpaul2012.com/the-issues/taxes/
Gingrich: http://www.newt.org/contract/legislative-proposals#Two
Bachmann: various speeches and press releases (no consolidated plan on website).
Santorum: ATR staff communication with Santorum staff
Huntsman: http://jon2012.com/issues/jobs-economy-tax-reform
Obama: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf
Read more: http://atr.org/presidential-candidate-tax-plan-comparison-a6588#ixzz1duThWsr6
(Excerpt) Read more at atr.org ...
Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at Digg and at Reddit and in Stumbleupon and Delicious
| BACHMANN | CAIN | GINGRICH | HUNTSMAN | OBAMA | PAUL | PERRY | ROMNEY | SANTORUM |
| Taxpayer Protection Pledge Signer | ||||||||
| Yes | Yes | Yes | No | No | Yes | Yes | Yes | Yes |
| Individual Income Tax Rates | ||||||||
| 10-35% | 9% | 15% Flat Optional |
8-23% | 10-39.6% | 10-35% | 20% Flat Optional |
10-35% | 10-28% |
| Business Tax | ||||||||
| 35% | 9% VAT | 12.5% Corp 15% Small Biz |
25% Corp 15% Small Biz |
35% Corp 39.6% Small Biz |
15% Corp 35% Small Biz |
20% | 25% Corp 35% Small Biz |
17.5% Corp 28% Small Biz 0% Manufacturing |
| National Sales Tax | ||||||||
| No | 9% | No | No | No | No | No | No | No |
| Capital Gains / Dividends Tax Rate | ||||||||
| 15% | 0% | 0% | 0% | 23.8% | 0% | 0% | 15%/0% <$200k Income |
12% |
| Payroll Tax | ||||||||
| No Change | 0% | Optional Personal Accounts |
No Change | 2% Holiday | Opt-Out | Optional Personal Account |
No Change | No change |
| Death Tax | ||||||||
| Killed | Killed | Killed | 35%, $5-10M Exemption |
45% Top Rate | Killed | Killed | Killed | Killed |
| Full Business Expensing | ||||||||
| No | Yes | Yes | No | Yes | Yes | Yes | No | Yes |
| Territoriality | ||||||||
| Just Repatriation |
Yes | Yes | Yes | No | Just Repatriation |
Yes | Yes | Just Repatriation |
Interesting. Thanks for the info.
No problem. These proposals can change, so they reflect their plans right now.
999 is not a VAT
Pretty good except Cain’s 9% sales tax is not a VAT tax!
The BEST explanation of 999 from one of the co-architects of the plan - Rich Lowrie - http://www.c-spanvideo.org/program/CainsTa
You got a point.
No, the 9% business tax is a VAT tax.
If Cain would only get rid of that sales tax, his plan wins by far.
If Cain would only get rid of that sales tax, his plan wins by far. VAT business tax sounds OK because it should not be multiple taxation for the same thing, but I’m not sure how it would work.
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