Rubio tax plan projected to add at least $6.8 trillion to deficit Read more: ht (user search)
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  Rubio tax plan projected to add at least $6.8 trillion to deficit Read more: ht (search mode)
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Author Topic: Rubio tax plan projected to add at least $6.8 trillion to deficit Read more: ht  (Read 1141 times)
Higgs
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Political Matrix
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« on: February 12, 2016, 08:15:02 AM »


DeadPrez to be fair I'm pretty sure Rand Paul's plan would've added more.
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Higgs
Sr. Member
****
Posts: 2,581


Political Matrix
E: 6.14, S: -4.17

« Reply #1 on: February 12, 2016, 09:17:08 AM »

Much of the Rubio plan is reasonably sensible (and a drop in the marginal tax rate from 39% to 35% is more modest than the other Pub plans), but where it falls apart is ending the tax on capital gains, and having a 25% rate for business income that is passed through to an individual tax return via a subchapter S corp or LLC or partnership. Beyond the unrealistic amount of revenue loss, those kind of rate distinctions between different kinds of income, just lead to gaming the system. So like every other tax plan of every candidate running, Rubio's plan is a FAIL. I should have run for POTUS. It's that bad out there. Sad

What would your tax plan be?
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