Ben Carson (Tax Reform)

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Revision as of 14:33, 26 January 2016 by imported>Carlin (→‎Repeal the Entire Tax Code and Replace It With a True 14.9 Percent Flat Tax)
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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 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)