Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

Simple, Efficient and Fair Taxation

October 29, 2015 By Debbie Young

Ted Cruz has a simple tax plan that he claims will spur robust economic growth and job creation and raise after-tax income. Perhaps the best part of Mr. Cruz’s Tax Plan is that it would allow people to file their taxes on a postcard or phone app and eliminate “the rat’s nest of complex tax requirements, credits and loopholes.”

  • For a family of four, no taxes (income or payroll) on the first $36,000 of income.
  • Above that level, a 10% flat tax on all individual income from wages and investment.
  • No death tax, alternative minimum tax or ObamaCare taxes.
  • Elimination of the payroll tax and the corporate income tax, to be replaced by a 16% Business Flat Tax. This would tax companies’ gross receipts from sales of goods and services, less purchases from other businesses, including capital investment. Simple, efficient, fair.
  • A Universal Savings Account, which would allow every American to save up to $25,000 annually on a tax-deferred basis for any purpose.

For more details on Ted Cruz’s proposed Simple Tax, which according to the nonpartisan Tax Foundation, would boost the size of the economy, add 4.9 million jobs, and increase average wages by 12.2%, go here.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Van Morrison’s Keep It Simple
  • A Fair and Flat Tax
  • Texans Fight to Protect Their Income from Taxation
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • Joe Biden – Malicious, Incompetent, a Wannabe Left Wing Ideologue? - May 20, 2022
  • What Would We Do without the Experts? - May 19, 2022
  • Florida: Enjoy Certain Freedoms and Individual Liberties - May 19, 2022

Dick Young’s Must Reads

  • Gold’s 50-Year Price Explosion
  • The Simple, Elegant Power of the Retirement Compounders
  • California’s Progressive Liberals Have Created a Monster
  • The Three Best Retirement Decisions I Ever Made
  • Your Sheriff Can Thwart Federal Gun Control Efforts
  • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Armed American Family: Part I
  • Victor Davis Hanson: How to Bust DC’s Stronghold
  • Rich States, Poor States this State is Dominant Once Again
  • Progressive Liberalism Has Dragged America near Ruination

Disclosure

RSS Youngresearch.com

  • Job Market Survival Advice for Graduates and for Those YOU Love
  • BULLWHIPPED? Inventory Overhang Could Slow Growth in Certain Sectors
  • BUY THE DIPS? Can You Catch a Ginsu Knife?
  • MARKET TURNING: Canada’s Housing Market Turmoil
  • “I’ve Been with Richard Young for Over 30 Years Now”
  • All-Powerful Money Managers Voting YOUR Money Targeted by Senate GOP
  • HORDING CASH: Funds Hold the Highest Level of Cash Since 9/11
  • COMMODITY CRUNCH: Will Tesla Buy a Cobalt Mine?
  • Young Americans Fall in Love with Farming, Again
  • Your Survival Guy: “Sell in May, Buy After Labor Day?”

Joe Biden – Malicious, Incompetent, a Wannabe Left Wing Ideologue?

Jean-Pierre: Economy “Not Something that We Keep an Eye on Every Day”

Job Market Survival Advice for Graduates and for Those YOU Love

The Destructive Rise and Fall of BLM

What Would We Do without the Experts?

V4 Stands Against North African and Middle Eastern Invasion

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives