Rand Paul’s hopes for a flat tax
Relating to taxes, Rand Paul desires them easy and flat.
The blunt-spoken, Libertarian-leaning senator from Kentucky, who received the 2016 presidential straw poll amongst main conservatives, favors a flat tax: a one-rate revenue tax system with a minimal of tax breaks for people and companies.
However Paul hasn’t settled on what that charge needs to be.
He has publicly mentioned 17%. An aide mentioned if Paul does make a proper proposal, the speed wouldn’t be increased than 17% and may very well be decrease.
A lot would depend upon which tax breaks Paul chooses to maintain. Two would positively stay: the usual deduction and private exemptions. However each could be significantly bigger than they’re underneath at this time’s code.
The Paul aide mentioned the senator may additionally contemplate preserving in some type the tax breaks for mortgage…