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The payroll tax is a hidden tax. People do not realize that they might be paying over 20% in payroll taxes.
Taking a quick look at those 3 plans, Cruz’s is the best for income taxes (10% flat). Trump’s is 2nd best (4 brackets: 0% / 10% / 20% / 25%). Rubio’s is a distant 3rd (15% / 25% / 35%).
Rubio, however, has the only plan to eliminate the capital gains tax. Trump’s and Cruz’s plans mimic their income tax plans.
On deductions, Trump’s and Cruz’s plans are identical: NO deductions except for charity and mortgage interest. Rubio’s is a little more complicated.
Cruz is the only one with a plan to eliminate the IRS, so big points to him on that score. That thing needs to be exterminated.
Cruz’s plan also eliminates the corporate income tax. Trump’s is 15% and Rubio’s is 25%.
All three plans rescind the estate, Obamacare, and alternative minimum taxes. Let’s hope whoever wins follows through. I’ve heard estate tax repeal promises too many times to count over the decades.
Can you provide a link to the data/graphs you posted here, please?
re. your tax plan pictures. What is this “cost of tax plan” stuff I keep reading about?