The Republican Candidates Individual Income Tax Plans

The Republican Candidates Individual Income Tax Plans

Michele Bachmann

We need to reduce the number of tax brackets.

http://www.michelebachmann.com/issues/americanjobsrightnow/

It appears to be the closest to Jon Huntsman’s plan.  Although she never mentions eliminating any deductions and credits. 

Newt Gingrich

Newt Gingrich’s individual income tax plan is a 15 percent optional flat tax with some deductions and credits.

Here is a more detailed analysis:

http://articlesonpolitics.blogspot.com/2011/12/analysis-of-newt-gingrichs-individual.html 

Jon Huntsman

Jon Huntsman’s individual income tax plan eliminates all deductions and credits (besides the standard deduction and exemption) and reduces the marginal tax rates to 8, 14 and 23 percent.

Here is a more detailed analysis:

http://articlesonpolitics.blogspot.com/2011/12/analysis-of-jon-huntsmans-individual.html

Gary Johnson

Simplify the tax code; stop using it to reward special interests and control behavior.

http://www.garyjohnson2012.com/issues/economy-and-taxes

Mitt Romney

Pursue a conservative overhaul of the tax system over the long term that includes lower, flatter rates on a broader base.

http://www.mittromney.com/jobs/tax

Ron Paul

Ron Paul’s individual income tax plan is eliminating the individual income tax.

Here is a more detailed analysis:

http://articlesonpolitics.blogspot.com/2011/12/analysis-of-ron-pauls-individual-income.html

Rick Perry

Rick Perry’s individual income tax plan is a 20 percent optional flat tax with a few deductions.

Here is a more detailed analysis:

http://articlesonpolitics.blogspot.com/2011/12/analysis-of-rick-perrys-individual.html

Rick Santorum

Rick Santorum’s individual income tax plan is:

• Cut the number of tax rates to 2 rates - 10% and 28%
• Triple the personal deduction for each child
• Eliminate marriage tax penalties
• Retain deductions for charitable giving, home mortgage interest, healthcare, retirement savings, and children

http://www.ricksantorum.com/pressrelease/santorum-releases-made-america-plan-revitalize-us-economy.

 

Link to this article:


http://articlesonpolitics.blogspot.com/2011/12/republican-candidates-individual-income.html