Perry's flat tax plan: The rich make out
October 31st, 2011
08:38 PM ET
2 years ago

Perry's flat tax plan: The rich make out

New York (CNNMoney) - No matter how you slice it, the richest Americans would do better under Rick Perry's tax proposals, but the picture is more of a mixed bag for those on the lower rungs, according to an analysis released Monday by a nonpartisan tax research group.

More than 95% of the highest-income households would pay a lower tax bill under Perry's optional flat-tax system.

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Filed under: 2012 • CNNMoney.com • Rick Perry • Taxes
soundoff (15 Responses)
  1. Charlie from the North

    Perry's flat tax plan: The rich make out,

    No way really I can't believe that a great Amercan like Parry would think up something that would just make the rich richer. Knock me over with a freakin feather. Look I get why the rich love these sob's but how they can get regular folks to vote for them makes no sense at all. No wonder they are out to destroy public education. It is one of the best ways for people like me (son of a factory worker) to gain the knowledge to see beyond their BS.

    October 31, 2011 09:00 pm at 9:00 pm |
  2. diridi

    I told long time ago, you calculate, you know then you analyze, you comprehend...o.k, flat tax saves rich to pay less, even that pizza dude 999 too...Listen, GOP and tea thugs are for RICH, OIL, CORPORATE, LOBBYISTS, NOT FOR YOU, MAIN-LINE, MAIN-STREAM AMERICA, NOT FOR YOU..Obama2012.

    October 31, 2011 09:00 pm at 9:00 pm |
  3. Lost in Texas FOREVER and EVER

    and our loving "guvner" already says he "doesn't care about this" so at least he's being honest about who he's looking out for. But I think what gets me even more than that is his claim that the "rich will use the extra money to invest and create jobs" WHAT HOGWASH!!! The upper 1% are raking it in already and they are not creating jobs, and the investments they are making is overseas and they are just sitting on all the reat. This is why you have people camping out on Wall Street and other cities because we are tired of the same old thing. The GOP just doesn't get it.....or then again maybe they DO get and just don't care.

    October 31, 2011 09:05 pm at 9:05 pm |
  4. Canuck

    The word 'poverty' was not spoken in the Republican nominees debates even though its a huge poblem in the United States.

    October 31, 2011 09:16 pm at 9:16 pm |
  5. Spickermann

    I am in favor of a flat tax, but not his version or the 9-9-9 version. I wold like a tax free amount, say 25000, and from that point a tax on every kind of income. I mean all income, wages interest, dividends, inheritance etc,. Only deduction: Personal for dependents. A low sales tax could be considered, but not 9%. May be add a luxury tax on juwelry, boats and things. Another ide is tax on pet food,I mean dog food. We have too many dogs.

    October 31, 2011 10:29 pm at 10:29 pm |
  6. gg

    he would be president for the chosen few

    October 31, 2011 10:45 pm at 10:45 pm |
  7. colt45

    No surprise there since Perry fawns for the 1%.

    October 31, 2011 11:21 pm at 11:21 pm |
  8. Squigman

    This is news? When a republican, thinks of any program or edict that the rest of us must follow, it only means that a person of great wealth is behind the scene pulling all the strings. When will you ever get it? Republicans never met a rich person they couldn't embrace with open arms. You, more than likely don't have that much money. None of the rest of us do.

    October 31, 2011 11:36 pm at 11:36 pm |
  9. tamara reina

    This article lets one know how every class is based upon someone has to be at that top

    November 1, 2011 02:54 am at 2:54 am |
  10. T'sah from Virginia

    Anything coming from the RIGHT in regards to taxes will always help the RICH – Why is it so difficult to understand that??

    Obama 2012

    November 1, 2011 06:45 am at 6:45 am |
  11. DixonIV

    If you think the right wingnuts will help anyone but the rich you are crazy. It is amazing they have been able to make out the rich as the victims in this economy. No matter where you look in history the rich always get richer no matter what the reast of the world is experiencing. I am so sick of them complaining about how much they pay in taxes. If you look in to it you will see that every tax dollar ends up in the hands of that fortunate1%. Subsidies, low/no interest loans they default on, padded prices for government purchases, paying off polititians...on and on and on. They don't lose a dime in the end.

    November 1, 2011 06:48 am at 6:48 am |
  12. S.B. Stein E.B. NJ

    That is the problem. The rich aren't doing anything worthwhile with their money. I don't see enough charitable contributions being paid to help soup kitchens, food pantries and programs that get people back to work. What is the point of their wealth if they aren't going something positive with it?

    November 1, 2011 07:24 am at 7:24 am |
  13. Nash

    If anyone expected anything different from these Republican candidates they will be surprised at this plan. It is unfortunate that GOP hatred for the poor and middle is supported by ignorant voters who always vote against their interests. Nothing new here.

    November 1, 2011 09:07 am at 9:07 am |
  14. Tony in Maine

    The Republicans want to give their patrons more tax breaks – this is not earthshaking news though I am surprised someone besides Ed Schultz and Rachel Maddow thought to mention it.

    November 1, 2011 09:27 am at 9:27 am |
  15. once upon a horse

    the Republicans claim they are against raising taxes, many have even signed pledges not to do so, then why are so many supporting this deal that actually raises taxes on the poor and middle class? Perry is already on record saying he doesn't care about this so I guess the rest of the GOP doesn't care either.

    November 1, 2011 09:39 am at 9:39 am |