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To: diamond6
In their place, Cruz would impose two, fresh new taxes: a 10% flat tax on individual income, and what amounts to a 19% value-added tax, or VAT, on all business revenue.

Ted Cruz’s Politically Risky Tax Proposal

52 posted on 04/21/2016 2:24:37 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

You forgot that he would abolish the IRS and the convoluted tax plan we have now.


90 posted on 04/21/2016 2:31:09 PM PDT by altura (Cruz for our country)
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To: central_va

Here’s the truth from his website. You ever been there?

Cruz Simple Flat Tax

Jobs, growth, and opportunity will reignite promise for millions of American families who are currently being crushed by the Obama economy. The best way to jumpstart growth is through fundamental tax reform.

Under the Cruz Simple Flat Tax, all income groups will see a double-digit increase in after-tax income. The current seven rates of personal income tax will collapse into a single low rate of 10 percent. For a family of four, the first $36,000 will be tax-free. The IRS will cease to exist as we know it, there will be zero targeting of individuals based on their faith or political beliefs, and there will be no way for thousands of agents to manipulate the system.

The results will be truly dramatic. According to the well-respected Tax Foundation, the Simple Flat Tax will deliver an economic boost of tremendous magnitude. In the first decade, the Simple Flat Tax will:

Boost Gross Domestic Product by 13.9 percent above what is currently projected.
Increase wages by 12.2 percent.
Create 4,861,000 additional jobs.


130 posted on 04/21/2016 2:38:56 PM PDT by diamond6 ("I'm going to do EXACTLY what I told you I'm going to do!" - Ted Cruz)
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To: central_va
In other words Cruz would shift the tax burden off of the rich who will pay 10% and pass it on to those who purchase items subject to VAT - the poor and middle class.

Yes, we are not dumb. We got the point exactly. Cruz is pandering to the ridiculously wealthy.

267 posted on 04/21/2016 3:12:04 PM PDT by AndyJackson
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