Karuna. Freeform.: abbyjean: Gov. Rick Perry of Texas, who is...

10:06 27th Oct 2011

Notes: 16

Reblogged from abbyjean

Tags: taxes GOP rick perry plan info graphics

abbyjean:

Gov. Rick Perry of Texas, who is seeking the Republican presidential nomination, released some details on his flat tax proposal. The plan would give Americans the option of determining their taxes based on an alternate system that has one tax rate and fewer deductions. Tax Policy Center, a nonpartisan joint venture of the Urban Institute and the Brookings Institution, to help calculate how Mr. Perry’s proposal might affect different kinds of American families. Roberton Williams, a senior fellow there, kindly crunched some numbers using what’s known about the new proposal.The chart below shows a few different types of families — single, married with children, head of household with children, and retired — and what kind of tax liabilities they would face under current law and under Mr. Perry’s alternative system. (via NYTimes)

Gov. Rick Perry of Texas, who is seeking the Republican presidential nomination, released some details on his flat tax proposal. The plan would give Americans the option of determining their taxes based on an alternate system that has one tax rate and fewer deductions. Tax Policy Center, a nonpartisan joint venture of the Urban Institute and the Brookings Institution, to help calculate how Mr. Perry’s proposal might affect different kinds of American families. Roberton Williams, a senior fellow there, kindly crunched some numbers using what’s known about the new proposal.The chart below shows a few different types of families — single, married with children, head of household with children, and retired — and what kind of tax liabilities they would face under current law and under Mr. Perry’s alternative system. (via NYTimes)