Page 2 - Itax System News Today

20%. and you just heard david plouffe say that would give the richest americans a tax break of $150,000 a year or more. your response, sir? >> we are taking away the tax shelters that people in the top tax brackets use. clean up the tax code and have a flatter simpler tax system. 8 out of 10 businesses in america file taxes as individuals. the president is saying he wants the top tax rate to go as high as 44.8% in january. you cant compete like that. canada just lowered to 15%. we are saying get...

Rates 10 percent and 25 perms. you heard david plouffe say that would give the richest americans a tax can break of 150,000 dollars a year or more. >> which are taxing away the tax shelters they use. we are saying clean up the tax code having a simpler more competitive tax system. 8 of 10 businesses file taxes individuals. the president is saying he wants them to go as high as 44.8 percent in january. canada lowered business taxes to 15 percent. get rid of the loopholes and tax shelters used by ...

>> we can bring in the same amount of revenue with the new kind of tax system. there is a trillion dollars a year of loopholes built into the tax system. you dont have to get rid of all of them. >> chris: how much do you have to get rid? >> you do have to get rid of a lot of them. >> chris: can you give me a number? >> those decisions havent been made because you have to decide where the tax rates apply. the point im trying to make is the boles simpson commission said top 23% and we are saying 2...

20%. and you just heard david plouffe say that would give the richest americans a tax break of $150,000 a year or more. your response, sir? >> we are taking away the tax shelters that people in the top tax brackets use. clean up the tax code and have a flatter simpler tax system. 8 out of 10 businesses in america file taxes as individuals. the president is saying he wants the top tax rate to go as high as 44.8% in january. you cant compete like that. canada just lowered to 15%. we are saying get...

20%. and you just heard david plouffe say that would give the richest americans a tax break of $150,000 a year or more. your response, sir? >> we are taking away the tax shelters that people in the top tax brackets use. clean up the tax code and have a flatter simpler tax system. 8 out of 10 businesses in america file taxes as individuals. the president is saying he wants the top tax rate to go as high as 44.8% in january. you cant compete like that. canada just lowered to 15%. we are saying get...

20%. and you just heard david plouffe say that would give the richest americans a tax break of $150,000 a year or more. your response, sir? >> we are taking away the tax shelters that people in the top tax brackets use. clean up the tax code and have a flatter simpler tax system. 8 out of 10 businesses in america file taxes as individuals. the president is saying he wants the top tax rate to go as high as 44.8% in january. you cant compete like that. canada just lowered to 15%. we are saying get...

>> we can bring in the same amount of revenue with the new kind of tax system. there is a trillion dollars a year of loopholes built into the tax system. you dont have to get rid of all of them. >> chris: how much do you have to get rid? >> you do have to get rid of a lot of them. >> chris: can you give me a number? >> those decisions havent been made because you have to decide where the tax rates apply. the point im trying to make is the boles simpson commission said top 23% and we are saying 2...

20%. and you just heard david plouffe say that would give the richest americans a tax break of $150,000 a year or more. your response, sir? >> we are taking away the tax shelters that people in the top tax brackets use. clean up the tax code and have a flatter simpler tax system. 8 out of 10 businesses in america file taxes as individuals. the president is saying he wants the top tax rate to go as high as 44.8% in january. you cant compete like that. canada just lowered to 15%. we are saying get...

>> we can bring in the same amount of revenue with the new kind of tax system. there is a trillion dollars a year of loopholes built into the tax system. you dont have to get rid of all of them. >> chris: how much do you have to get rid? >> you do have to get rid of a lot of them. >> chris: can you give me a number? >> those decisions havent been made because you have to decide where the tax rates apply. the point im trying to make is the boles simpson commission said top 23% and we are saying 2...