I’m still waiting to hear Carly Fiorina's three page tax plan

11-11-2015 | johnwk

[lewislynn]

Not only would the business pay 16% on gross receipts including wages and the profits but the business owner would pay an additional 10% on the already 16% taxed profit when s/he files the individual return. All to pay for the eliminated corporate tax.

The sCruz VAT tax is a business and jobs killer apparently written by his crony capitalist money donors on cocktail napkins.

Come to think of it, using the sCruz VAT tax method of taxation there are no defined profits.

If you file joint/individual you can itemize deductions and you can do all of it on a post card too. Also you can deduct all you want because there will no longer be an IRS to police it...it will be Xanadu.

[marron]

The individual income tax can and should be simplified to the point that it is handled completely by the employer. Other than filling out his W-4 when he goes to work, he should have nothing more to do with it. It should not be his problem.

The US is unique in having a system that requires ordinary employees to get into the details of their income tax and be personally responsible. IRS (or whatever agency we wind up with) can simply issue a table, the employer withholds based on that table, and done. Not the employee’s problem.

[caww]

Carly Fironia is still trying to 'candidate' for the VP position.....her better days are gone now.....Besides she's a liar.....she actually did meet Putin in a Green Room!