[avacado]

Paul Ryan’s Roadmap. He proposes flat tax (with 2 rates -10 percent on folks making gross up to $100,000 for joint filers, and $50,000 for single filers; and 25 percent on taxable income above these amounts).

Well, at the current federal income tax rates a single filer making about $100K/yr pays about 19% in federal income taxes. A 25% flat tax will be a 32% tax increase. WRONG DIRECTION!!!

[Trust but Verify]

Under Ryan’s plan, the first 100K for joint filers would be at 10%, and ANYTHING OVER 100K would be at 25% So if you earned $110K, you would pay 10% ($10,000) for the first 100K and 25% or ($2,500) for the next 10K for a total of $12,500 or 11.4%.

[MontaniSemperLiberi]

My wife an I will gladly pay it if Ryan’s spending cuts come with it.