Texas Gov. Rick Perry’s tax proposal would create a new, simplified, semi-flat system for paying federal income tax. But it would also leave the old, complex, non-flat tax system in place. Americans would be allowed to choose which system they will use to pay their taxes.
Perry believes the decision will be a no-brainer. “Each individual taxpayer will have a choice,” he said when he introduced his plan in South Carolina this week. “You can continue to pay your taxes as well as the accountants and the lawyers under the current tax system that we got, or you can file your taxes on this postcard, with the deductions on there for interest on your mortgage, your charitable giving, your state and local taxes, and then deduct those and send it in.”
