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Old 12-19-2011, 04:22 PM   #360
classicman
barely disguised asshole, keeper of all that is holy.
 
Join Date: Nov 2007
Posts: 23,401
Google gave me this
Outlined by one guy here
Quote:
Simplify The Personal Income Tax Code And Lower Rates. Rather than nibble around the edges of the existing tax code,
Gov. Huntsman will introduce a revenue-neutral tax plan that eliminates all deductions and credits in favor of three drastically lower rates
of 8%, 14% and 23%. Eliminating deductions and credits in favor of lower marginal rates will yield a simpler and more efficient tax code,
decreasing the burden on taxpayers.

Eliminate The Alternative Minimum Tax.
Under the new simplified plan, Gov. Huntsman will eliminate the Alternative Minimum Tax, which is not indexed for inflation
and is penalizing an increasing number of families and small businesses.

Eliminate The Taxes On Capital Gains And Dividends In Order To Eliminate The Double Taxation On Investment.
Capital gains and dividend taxes amount to a double-taxation on individuals who choose to invest. Because dollars invested
had to first be earned, they have already been subject to the income tax. Taxing these same dollars again when capital gains
are realized serves to deter productive and much-needed investment in our economy.

Reduce The Corporate Rate From 35% To 25%.
The United States cannot compete while burdened with the second-highest corporate tax rate in the developed world;
American companies and our workers deserve a level playing field.
With high unemployment, it is important that we not push corporations and capital overseas.
We need employers to be based in America if they're going to provide jobs to Americans.
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