I’d probably end up paying more taxes under his plan, but would probably end up with more money because my employer and our clients would pay fewer taxes.
Never looked at the details but it seems logical.
This article says that tax revenue, as a percentage of GDP would remain flat or even slightly increase with a flat tax of 12 to 15%.
I would write the check for 15% today without any arguments and drop all my deductions and do it GLADLY if this were the limit and Social Security were dropped and Medicare were reformed or dropped.
This article says that tax revenue, as a percentage of GDP would remain flat or even slightly increase with a flat tax of 12 to 15%.
I would write the check for 15% today without any arguments and drop all my deductions and do it GLADLY if this were the limit and Social Security were dropped and Medicare were reformed or dropped.