They completely kill the corporate tax, the estate tax and the FICA payroll tax.
However, one note to be concerned with, BOTH Cruz and Paul add a VAT TAX.
Cruz 16% business tax replaces corporate and payroll taxes that were a higher percentage rate. It is not Adding a VAT tax, it is replacing two higher taxes with a 16% flat tax on business. It also allows the business owner to take off the full cost of business improvements in one year.
Cruz’s plan does NOT include a VAT tax. You have posted that over and over so you will keep doing that even though you are wrong.
Where are you getting this VAT thing?
I always get a chuckle out of posters who feel the need to regularly use all capitals to shout so others hear the important stuff they have to say.
Rather than using scare caps, how about actually discussing what Laffer and Moore say about the VAT? Are their arguments valid? Is Art Laffer trustworthy on his knowledge of taxes and how taxation works? Is Stephen Moore?
1) Flat tax plans do NOTHING to reduce the size/scope of Fedzilla to its Constitutional constraints, still requires compliance (IRS) and allows ‘tinkering’ by D.C.
2) Flat tax plans still do no encompass ALL residents when those that do NOT pay income taxes utilize the most services.
3) All funding SHOULD follow Fed < State < Biz < User as to keep the people/biz as protected/secure as possible and where their eyes/votes can best correct any deviation.
4) Unless the tax is VOLUNTARY (IE: national sales tax [NST]), any tax plan is still antithesis to our founding and Constitution (a slave tax: anti-4th/5th/13th).
If we had ONLY had #1 (following the Constitution), there would be VERY little that would REQUIRE funding and our debate would be practically moot.
Unfortunately, we/’our side’ begins with the Leftists’ premise...and loses the battle before word one.