GOP presidential contender Sen. Rand Paul of Kentucky has made aggressive tax reform that would lower the income tax rate to a flat 14.5 percent a key plank of his campaign platform. In a recent video, Paul encourages voters to check out his tax plan and offers a series of novel ways to destroy the nation’s current 70,000-page tax code.
“I’m trying to kill the tax code,” says Paul in a video filmed at his campaign headquarters. “All 70,000 pages of it.”
Paul says that his tax plan would reduce the tax code to one page.
The senator’s plan would accomplish its goal of reducing tax confusion by eliminating most special interest loopholes along with “payroll tax on workers and several federal taxes outright, including gift and estate taxes, telephone taxes, and all duties and tariffs.”
For a family of four, the first $50,000 of income would go untaxed and, according to Paul, low-income families would still receive the earned-income tax credit under the plan.
“I call this ‘The Fair and Flat Tax,’” the Kentucky lawmaker announced last month.
Paul believes that applying the 14.5 percent tax to all companies, down from current tax rates of about 40 percent for small businesses and 35 percent for corporations, will jump-start the nation’s economy and aid in job creation.
In the meantime, Paul wants Americans to tell him how they’d most like to see him destroy the current tax code.
With a chainsaw?
Fargo-style?
Kill it with fire?
As an aside, that Detroit Republican shirt is pretty cool.
The post Watch Rand Paul chainsaw, burn and woodchip the nation’s mammoth tax code appeared first on Personal Liberty®.
from PropagandaGuard https://propagandaguard.wordpress.com/2015/07/21/watch-rand-paul-chainsaw-burn-and-woodchip-the-nations-mammoth-tax-code/
from WordPress https://toddmsiebert.wordpress.com/2015/07/21/watch-rand-paul-chainsaw-burn-and-woodchip-the-nations-mammoth-tax-code/
No comments:
Post a Comment