Before we proceed allow a repost of the following to ensure you understand the basics of the so-called "flat" tax.
As you look over the following graphic, you may want to ask,"why would any US politicians espouse and campaign on a flat tax. Moreover, why would the GOP to the person seek to instill such a tax system in our nation?
The Tampa Bay Times, Politifact, recently published a review of GOP candidate tax plans. We have posted below graphics related to each plan. We highly encourage clicking the link to the Politifact page for much more detail.
Herewith is a summary excerpt from the piece with brief snippets regarding each plan (with an exception for those who have not detailed a plan).
But many of the candidates’ own claims about their tax plans were not grounded in facts. What’s more, experts said, the idea that you could cut taxes without blowing up the federal debt is mathematically and politically impossible.
The hole in Ben Carson’s tithe-based tax planCarson, the former neurosurgeon, has yet to release a formal tax plan. This is what he has proposed so far:
Marco Rubio’s tax plan and the working classFlorida Sen. Marco Rubio has seen an uptick in the polls thanks to his performance in the CNBC debate. He has proposed the following:
Ted Cruz’s growth promiseDuring the debate, Texas Sen. Cruz touted what his plan would accomplish for the economy. Here are some of its features:
Jeb Bush’s tax plan and the middle classFormer Florida Gov. Jeb Bush’s proposal emphasizes streamlining the tax code. Here’s the plan:
We remind the Politifact link provides a rating for each tax plan claim. Hint: Not one of the delineated plans rates above half-true.