archer wrote: Viking....do you have a similar table of how Perry's flat tax proposal will affect taxpayers?
Posted it below. Not one persons taxes can go up under his plan.
Thank you.
While it is true that no taxes go up...it is certainly heavily advantageous for the wealthy. How can we lower the deficit with such a huge loss of revenue?
archer wrote: Viking....do you have a similar table of how Perry's flat tax proposal will affect taxpayers?
Posted it below. Not one persons taxes can go up under his plan.
Thank you.
While it is true that no taxes go up...it is certainly heavily advantageous for the wealthy. How can we lower the deficit with such a huge loss of revenue?
Also getting rid of the capital gains tax allows people to free up their investment money to spend back into the economy much quicker and his one time 5.25% tax for anyone moving their businesses back to the United States will boost the economy and jobs too. Not to mention the increase in revenue from his energy plan creating 1 million or so jobs. All of it together will balance the budget by 2020 he says. Guess we will see. Obama made the promise of that and it went the wrong way so only time will tell.
Lowering or eliminating the capital gains tax would be another gift to the wealthy. Why is it necessary to help them so much? Experience tells us they really don't put that money back into the economy like the middle class does.
archer wrote: Lowering or eliminating the capital gains tax would be another gift to the wealthy. Why is it necessary to help them so much? Experience tells us they really don't put that money back into the economy like the middle class does.
I deal with investments and let me tell you that the majority of people who invest make under $100,000. It would be nice for them to be able to use and spend it when needed without being penalized so bad.
