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Competitive Tax Plan

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  1. an approach to taxation, suggested in the United States, that would impose a 10-15% value added tax (VAT) and reduce personal and corporate income taxes

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  2. The plan was created by Michael J. Graetz, the Justus S. Hotchkiss Professor of Law at Yale University and a former Deputy Assistant Secretary of the Treasury for Tax Policy

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  3. Graetz claims that it would generate enough revenue so that families with $100,000 of annual income or less - almost 90% of all current filers - would not have to pay income taxes or file tax returns

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  4. Graetz would provide a new payroll tax offset to replace the Earned Income Tax Credit and to protect low and moderate income workers from any tax increase under the new system

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  5. Households with an annual income of more than $100,000 would be taxed at a flat 25% rate and the corporate income tax rate would be reduced to 25%

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
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