Also, here is a sample tax return if you so chose to go the flat tax route.
You should check it and see if it would work better for you than the regular kind of tax system. Remember though that Perry’s plan calls for removing the parts of the current tax plan that benefit the special interest groups, if that would change anything from your current taxes.
It’s your choice. Reformed current tax code or flat tax.
See the sample of his flat tax form here:
http://www.rickperry.org/content/uploads/2011/10/sample-tax-return.pdf
HERE IS HOW PERRY’S TAX FORM WILL LOOK LIKE IN 2014:
YOUR INCOME : ________________
SUBTRACT: Exemptions: ______ X $12,500 : ____________
SUBTRACT: Mortgage Interest : ____________
SUBTRACT: Charitable Contributions : ____________
SUBTRACT: State & Local Taxes : ____________
SUBTRACT: Capital Gains and Dividends : ____________
YOUR TAXABLE INCOME: __________________ X 20%
TAXES OWED : __________________________
My only question is this — what counts as Exemptions?