Likely Voter
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Junior Chimp
Posts: 8,344
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« on: June 17, 2015, 09:58:05 PM » |
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Simple math shows that this is totally unworkable. Federal revenue is around 17.5% of GDP (just like it was back when St. Reagan was Prez). If you were to tax everything (which you won't and couldn't) then such a flat tax would have to be 17.5. More realistic plans have called for 20%+ (including Rick Perry's). So unless Paul has also announced a massive cut in the Federal budget, this would mostly just be a big payday to the rich, f--- the poor and blow up the deficit.
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