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hello, everyone. i m erin burnett. out front, taxes, presidential candidate rick perry on the heels of last night s approximately debate proposing a flat tax. scrapping the three million words of the current tax code starting over with something simpler. a flat tax. a flat tax has one big problem. if you tax everyone at the same rate, people who make less get hit harder and pay more than the current system. the flat tax was popularized by steve forbes during his two presidential runs and exempted families of four making less than $36,000. bold ideas are something we challenge on this show for a better america. let s see whether the flat tax is bold and smart or bold and bad. jim, you took the time to run the numbers and make sense of it. bottom line, instead of the politics of it. if you exempt people earning under a certain amount, what s the magic rate for everyone else to raise the same amount of revenue under a flat tax as we do right now? you exempt everybo ....

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