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hello, everyone. i m erin burnett. outfront tonight, a flat tax from presidential candidate, rick perry. it is time to pass a tax that is flat and fair and frees our employers and out people to invest and grow and prosper. he calls it flat. but the bottom line is it isn t really. the right word is sort of lumpy. here s why. a true flat tax would mean all americans start paying a flat tax of 20%. that s perry s rate on their income with no deductions. that s not how this works though. you keep your current rate or pick his new 20% rate. by allowing people to remain in their current tax bracket, americans will continue to pay different rates. there are six federal income tax rates now. perry s new plan, because we don t have a 20, will make it seven. that s lumpy. a poor flat tax doesn t allow for deductions, capital dividends, state and local taxes. we re joking a little. we all want bold ideas, and politically, you can t wake up and throw out and old system and go ....