Ted Cruz Presents Ambitious Tax Plan: A 10% Flat Tax for Everybody

PJ Media ^ | 11-09-2015 | Michael van der Galien

[Michael van der Galien]

[VIDEO]

Texas Senator and Republican presidential candidate Ted Cruz has presented his own tax plan for America. While the tax plans of the other candidates are quite impressive, Cruz’s is by far the most ambitious and pro-growth of them all.

Last weekend, Cruz was given the opportunity to explain what his tax plan encompasses. The most important part of the plan is a 10% flat tax. In contrast to a so-called fair tax, a flat tax means that everybody pays the same percentage to the federal government. In his case, that’s 10% — 4.5% less than Rand Paul’s plan.

Cruz’s plan is ambitious not only because America currently has a progressive tax system – meaning that ‘the rich’ not only pay more in absolute numbers, but also relatively – but also because the percentage he proposes is very low.

And that’s not all. Cruz also says that a family of four doesn’t have to pay a dime to Washington D.C. over the first $36.000 they make. They only start paying taxes when they make more. Note, that means that they have to pay 10% over every dollar earned above $36.000. So when the family’s provider earns $37.000 a year, he or she has to pay 10% of $1.000. That’s $100. In one year time. Or less than $8 per month.

Interestingly enough, the Fox Business personality who talked to Cruz about his tax reform plan accused him of making life easier for the big guy – millionaires who don’t need an extra buck, let alone an extra hundred thousand or two. She added that leftist politicians and other progressive hackjobs (read: the media) will use this as their main line of attack against Cruz’s ideas.

[panaxanax]

Yes, but only if you have two kids.