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.
I give Cruz’s plan a 1% chance of passing congress.
All the rest are just tweaking the status quo.
This one puzzles me does it mean both or just charity, “Except on mortgages interest and charitable deductions, but implement a $10K standard deduction”
Most of us don’t have $10K to donate to charities. Even with tithing, St. Jude’s, and Veterans donations, we do well to do $1500 per year. House will be paid off in 5 yrs. With the medical deduction rising under Obama we can’t even claim that. We are Seniors on fixed incomes. Medicare and Tricare Life take care of most medical except dental, vision, and some test and equipment. Even with Co-pays and travel we don’t meet the current rate. Barely made the old. We now file short form.