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01/05/2016 01:17 PM ID: 101499 Permalink   

Ben Carson Details 14.9 Percent Flat Tax Plan


Republican presidential hopeful Dr. Ben Carson rolled out a flat tax plan Monday.

Carson wants to overhaul the current system in favor of a 14.9 flat tax, which applies to those with an income above 150 percent of the Federal Poverty Level. Carson also said he would eliminate all deductions, tax shelters or loopholes.

"Unlike proposals advanced by other candidates, my tax plan does not compromise with special interests on deductions or waffle on tax shelters and loopholes, nor does it falsely claim to be a flat tax while still deriving the bulk of its revenues through higher Business flat taxes that amount to a European-style value-added tax," he explained.

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