And Perry's flat tax plan he has talked about in Texas for a long time.
If Perry is so keen on a flat tax plan, let him push it through Texas. Then we can sit back and see how great it is (or not).
As I remember, Texas has no individual income tax or corporate income tax. If Perry pushed his flat tax plan through the Texas legislature he might get "hunged".
That has nothing to do sith state taxes. Texas STILL won't have state income or corporate taxes. Just the Federal corporate tax rate would be lowered to 20% for all corporations in that state and throughout the country enticing even more businesses to stay or return to the US.
And I love these two. Especially lowering corporate tax rate to 5.25% if companies move back to the US. That will bring back over $380 billion to the United States according to the CBO.
'The plan also drops the corporate tax rate to 20 percent and will temporarily lower the rate to 5.25 percent to promote companies working overseas to move to the U.S. along with implementing a “territorial tax system,” which will tax in-country income.
The plan will eliminate the federal estate tax and end taxes on Social Security, which would help an estimated 17 million Americans receiving benefits today. It would also cut taxes on qualified dividends and long-term capital gains.'
The Viking wrote: The plan will eliminate the federal estate tax and end taxes on Social Security, which would help an estimated 17 million Americans receiving benefits today. It would also cut taxes on qualified dividends and long-term capital gains.'
Where did you get the figure that 17 million people are paying taxes on Social Security?
The Viking wrote: The plan will eliminate the federal estate tax and end taxes on Social Security, which would help an estimated 17 million Americans receiving benefits today. It would also cut taxes on qualified dividends and long-term capital gains.'
Where did you get the figure that 17 million people are paying taxes on Social Security?
That is what they have here. I know millions are taxed on their SS benefits, and this is the number they came up with.
