Ben Carson Releases Tax Plan Calling for 14.9% Flat Income Tax

Ben Carson’s tax plan calls for “replacing every loophole and tax shelter with one simple rate of 14.9 percent,” his campaign says in a statement.

  • Personal, corporate income would be taxed at that rate, campaign says
    • Taxpayers would pay rate on income earned above 150% of federal poverty level; those whose income is below that “will be asked to make a de minimis payment”
    • Would eliminate estate tax, capital gains tax, AMT, as well as deductions incl. home mortgage interest, charitable giving, state and local taxes
  • Link to Carson tax plan