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To: Free ThinkerNY

My effective tax rate is only 8.74% because of various deductions and retirement savings.

If someone proposes a flat tax I may have to pinch them. It would be an increase for me.


10 posted on 02/22/2012 10:47:14 AM PST by Peter from Rutland
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To: Peter from Rutland
Newt offers an alternative 15% flat tax based on the successful Hong Kong dual system model.

With Newt you can keep your 8.74% by filing under the existing code if that works best for you.

The others aren't offering an alternative to the existing tax code, just nibbling around its edges.

15 posted on 02/22/2012 12:48:01 PM PST by newzjunkey (Santorum voted for Sotomayor Obama's 1st Supreme Court choice.)
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