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To: Zhang Fei
Eliminating deductions is part of what’s necessary to move towards a flat tax. Interesting proposal.

Good point, I wont knee jerk, have to look at this more closely.

8 posted on 04/16/2012 8:27:14 AM PDT by Paradox (I want Obama defeated. Period.)
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To: Paradox
Good point, I wont knee jerk, have to look at this more closely.

The guy's talking about 20% tax cuts across all income brackets. Eliminating major deductions also means an effective end to the Alternative Minimum Tax, since AMT is contingent upon deductions that are denied.

12 posted on 04/16/2012 8:31:20 AM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Paradox; Zhang Fei
what’s necessary to move towards a flat tax

Also consider not offering a flat tax appeases Progressives.
25 posted on 04/16/2012 8:45:00 AM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: Paradox

“Mr. Romney has pledged a 20% cut to income tax rates for taxpayers in all income brackets but has offered few details for how he would pay for the proposal.”

WTF? Ever conservative knows that tax cuts pay for themselves and GROW the economy. Just another example of how the Wall Street Journal has gone downhill since it was purchased by Rupert Murdoch.


73 posted on 04/16/2012 11:58:36 AM PDT by july4thfreedomfoundation (The TEA Party is my cup of tea.)
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