Difference between revisions of "Ted Cruz (Tax Reform)"

Latest revision as of 15:03, 27 January 2016

Wants to institute a "simple flat tax policy"
- Up to 36,000 dollars in untaxed income for a family of four (TCWTR)
- A flat 10% tax rate for all individuals exceeding the income cutoff (TCWTR)
- An additional flat 16% "business tax" that effectively acts as a value-added tax (TCWTR)
- Child Tax Credit and deductions for mortgage interest payments will remain in effect (TCWTR)
"I am campaigning on a flat tax that would allow every American to fill out his or her taxes on a post card [or iPhone app] that allow us to abolish the IRS."(WE)
Supports elimination of other taxes such as the Inheritance Tax, Overseas Profit Tax, Alternative Minimum Tax, and any "Obamacare" taxes (TCWTR)

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+[[Ted Cruz|Cruz's]] [[Tax Reform]] [[Ted Cruz (Tax Reform)| (section page)]]
+===Repeal Tax Code and Institute a "Flat Tax" Policy===
+*Wants to institute a "simple flat tax policy"
+**Up to 36,000 dollars in untaxed income for a family of four [https://www.tedcruz.org/tax_plan/ (TCWTR)]
+**A flat 10% tax rate for all individuals exceeding the income cutoff [https://www.tedcruz.org/tax_plan/ (TCWTR)]
+**An additional flat 16% "business tax" that effectively acts as a value-added tax [https://www.tedcruz.org/tax_plan/ (TCWTR)]
+**Child Tax Credit and deductions for mortgage interest payments will remain in effect [https://www.tedcruz.org/tax_plan/ (TCWTR)]
+*"I am campaigning on a flat tax that would allow every American to fill out his or her taxes on a post card [or iPhone app] that allow us to abolish the IRS."[http://www.washingtonexaminer.com/ted-cruz-proposes-a-10-percent-flat-income-tax/article/2575178 (WE)]
+*Supports elimination of other taxes such as the Inheritance Tax, Overseas Profit Tax, Alternative Minimum Tax, and any "Obamacare" taxes  [https://www.tedcruz.org/tax_plan/ (TCWTR)]