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Optional 20% Flat Tax - No Tax On SS Benefits, Capital Gains or Dividends & Eliminate Estate/Death Tax (http://politicalticker.blogs.cnn.com/2011/10/24/perry-to-propose-20-optional-flat-tax/ - broken link)
“The Perry plan starts with giving Americans a choice between a new, flat tax rate of 20% or their current income tax rate. The Perry plan would also eliminate the estate tax, commonly referred to by Republicans as the “death tax.” Perry also plans to eliminate taxes on long-term capital gains and qualified dividends, as well as taxes on Social Security benefits.
All of the above would help the well-off. Just to keep this brief, let's consider Social Security. Right now people who depend mostly on Social Security already do not pay any taxes on it. Who is he kidding? Only the fairly comfortable get taxed on their Soc. Sec. How much do the working poor bring in in capital gains or dividends? And why should the rich get a pass on that class of income? Income is income. I'm not even all that much of a populist, but the Perry plan makes me want to puke.
All of the above would help the well-off. Just to keep this brief, let's consider Social Security. Right now people who depend mostly on Social Security already do not pay any taxes on it. Who is he kidding? Only the fairly comfortable get taxed on their Soc. Sec. How much do the working poor bring in in capital gains or dividends? And why should the rich get a pass on that class of income? Income is income. I'm not even all that much of a populist, but the Perry plan makes me want to puke.
Location: Prescott Valley,az summer/east valley Az winter
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Another GOP dredging up the Gov. Brown of California tax proposal from long ago. Reserrected by Forbes 4 years later and several times since....Guess the tea partiers like old Democratic ideas.
All of the above would help the well-off. Just to keep this brief, let's consider Social Security. Right now people who depend mostly on Social Security already do not pay any taxes on it. Who is he kidding? Only the fairly comfortable get taxed on their Soc. Sec. How much do the working poor bring in in capital gains or dividends? And why should the rich get a pass on that class of income? Income is income. I'm not even all that much of a populist, but the Perry plan makes me want to puke.
I agree. Perry has some terrible ideas ( and I normally vote Republican). I can only hope they come up with a more viable candidate.
Perry has some terrible ideas (and I normally vote Republican).
I can only hope they come up with a more viable candidate.
They have; but no one pays him any attention.
The only R who has a chance in **the general** is Huntsman.
I'm disappointed that he is now talking far too right on some of the social issues for my taste...
but (with the R Nomination) if he can/will again temper the language and rhetoric...
he could draw enough of the center over to the R's to win.
But it appears that the rabid social conservatives that have taken over the GOP
since Reagan opened that door and especially since the tea party wacko's have shown up...
just won't let that happen.
Sure...
and get the AMT, the FICA contribution, and the Estate tax thresholds ...
adjusted to levels close to where they were intended to be too.
Quote:
5 cent tax on each share of stock traded...
I've seen some crazy high numbers using this sort of model.
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