Flat Taxes News Today

(Archived document, may contain errors) 402 January 8, 1985 THE FEDERAL TAX DEBATE HOW MUCH SHOULD CORPORATIONS PAY I NTRODUCT I ON the field of taxation. It. is uncertain for example, who pays the corporate income tax or whether there is justification for levying it.

A personal finance column by John Ninfo

Ted cruz and ben carson favor flat taxes. cruz 10%. carson, 15. trump would lower the corporate tax rate to 15%. bush, 20%. rubio, 25. cruz would cap it at 16%. while carson favors the 15% flat tax. on repatriating. rubio would cut even further to 6. cruz would levy a 10% tax on overseas earnings, while carson propose as six-month tax holiday if corporations spend 10% of the money on creating jobs. >> it would be the biggest stimulus since fdrs new deal and it wouldnt cost the taxpayers one penn...

Can he actually make it all the way? >> i think you hesitate to call about anything because this has been so bizarre in so many ways. if this election is going to turn on likability and general smarts, yes, ben carson can win it. we all know that having gotten this far, especially now as he is forged ahead and closed in on the national poll with hillary, he will come under more scrutiny for more than like babililikabi. nick -- economic policies. flat taxes in general do, are windfalls for the ri...

You have to have at least 20 pnts across the board or youre not doing to take enough money across the united states. >> any critic thats saying that is not putting out the numbers. as i put out the numbers, you can see the exact numbers on the tax plan. my tax plan says that for a family of four, the first $36,000, you pay 0. no income tax, no payroll tax. above that, everyone pays a flat tax of 10%. that means the billion nair hedge fund managers no longer pay a lower rate than their secretarie...

You have to have at least 20 pnts across the board or youre not doing to take enough money across the united states. >> any critic thats saying that is not putting out the numbers. as i put out the numbers, you can see the exact numbers on the tax plan. my tax plan says that for a family of four, the first $36,000, you pay 0. no income tax, no payroll tax. above that, everyone pays a flat tax of 10%. that means the billion nair hedge fund managers no longer pay a lower rate than their secretarie...

>> they cannot bear. >> you have a flat tax plan of 10% flat taxes. and i looked at it and this is something thats very appealing to a lot of voters but i have had a really tough time making the math work on this. >> first of all, i didnt say the rate would be 10%. i used the tithing analogy. >> i understand that, but if you look at the numbers -- >> the rate is going to be much closer to 15%. >> 15% still leaves you with a $1.1 trillion hole. >> with all the analysis of last nights debate, incl...

They still have to pay the tax. but theyre getting a significant rebate. >> i was just going to say, because look, the argument against flat taxes is that essentially the wealthy get a bigger tax break. and in some ways, working class, if youre not at the poverty level, youre over the poverty level, you may be actually paying more taxes because you dont have the earned income, the income tax credits, things like that. >> were working that out, but the way its looking initially is i dont think an...

Several candidates are talking about a flat tax in a country that is broadly rallying against the 1%. you know who a flat tax helps most? the 1%. flat taxes disproportionately lower taxes on the wealthy and raise them on the poor. ben carson has yet to give many details on his tax policy. we did, though, just before the debate get the details of ted cruzs tax policy. what he is calling for is a 10% flat tax on income and investment above $36,000. take a listen to what he had to say last night. >...

When he was the speaker of the house and bush was the governor of florida. for his part, rubio responds by saying jeb bush just simply does not represent the kind of generational change that the american people need and obviously the last name has been something of a problem for jeb. and then after that there is another candidate who has been coming on strong. and really competing with rubio for third place and thats ted cruz. the texas senator has made a name for himself in washington by being ...