How GOP Candidates Would Flatten Taxes
Current Rates: Individuals 35%*; Corporations 35%*; Cap Gains 15%
Herman Cain
Ind. Income Tax: 9%; 0% for taxpayers at or below
poverty line
Capital Gains Tax: Repeals capital gains tax; dividends and interest subject to 9% tax
Estate Tax: Repeals
Corporate Income Tax: Repeals
Business Tax (similar to a VAT) ): 9%
National Sales Tax: 9%
Newt Gingrich
Ind. Income Tax: Option to pay 15% flat tax or submit
to current tax system
Capital Gains Tax: Repeals
Estate Tax: Repeals
Corporate Income Tax: 12.5%
Business Tax: 0%
National Sales Tax: 0%
Jon Huntsman
Ind. Income Tax: Sets three rates, 8%, 14%, 23%
Capital Gains Tax: Repeals
Estate Tax: Details unavailable
Corporate Income Tax: 25%
Business Tax: 0%
National Sales Tax: 0%
Ron Paul
Ind. Income Tax: Retains current tax rates
Capital Gains Tax: Repeals
Estate Tax: Repeals
Corporate Income Tax: 15%
Business Tax: 0%
National Sales Tax: 0%
Rick Perry
Ind. Income Tax: Option to pay 20% flat tax or submit
to current tax system
Capital Gains Tax: Repeals
Estate Tax: Repeals
Corporate Income Tax: 20%
Business Tax: 0%
National Sales Tax: 0%
Mitt Romney
Ind. Income Tax: Retains current tax rates
Capital Gains Tax: 0% when adjusted gross income
is under $200,000
Estate Tax: Repeals
Corporate Income Tax: 25%
Business Tax: 0%
National Sales Tax: 0%
* Top Rate