Ben Carson (Tax Reform)
Revision as of 16:30, 25 January 2016 by imported>Carlin (New page: Carson's Tax Reform (section page) ===Repeal the Entire Tax Code and Replace It With a True 14.9 Percent Flat Tax=== *"Everybody should pay ...)
Repeal the Entire Tax Code and Replace It With a True 14.9 Percent Flat Tax
- "Everybody should pay the same proportion of what they make. You make $10 billion, you pay a billion. You make $10, you pay one. You also have to get rid of deductions." (FOX)
- Tax all income at 14.9%, with "no deductions, tax shelters, or loopholes", applied only to those whose income exceeds 150% of the Federal Poverty Level
- Eliminate deductions for home mortgage interest, charitable giving and state and local taxes. Carson claims "the overwhelming majority of Americans do not benefit from these itemized deductions." (BCWTR)
- Eliminate Alternative Minimum Tax (BCWTR)
- Abolish the death tax (BCWTR)
