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CNNW Erin Burnett OutFront October 26, 2011

hello, everyone. i m erin burnett. outfront tonight, a flat tax from presidential candidate, rick perry. it is time to pass a tax that is flat and fair and frees our employers and out people to invest and grow and prosper. he calls it flat. but the bottom line is it isn t really. the right word is sort of lumpy. here s why. a true flat tax would mean all americans start paying a flat tax of 20%. that s perry s rate on their income with no deductions. that s not how this works though. you keep your current rate or pick his new 20% rate. by allowing people to remain in their current tax bracket, americans will continue to pay different rates. there are six federal income tax rates now. perry s new plan, because we don t have a 20, will make it seven. that s lumpy. a poor flat tax doesn t allow for deductions, capital dividends, state and local taxes. we re joking a little. we all want bold ideas, and politically, you can t wake up and throw out and old system and go ....

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CNNW Anderson Cooper 360 October 26, 2011

employers and out people to invest and grow and prosper. he calls it flat. but the bottom line is it isn t really. the right word is sort of lumpy. here s why. a true flat tax would mean all americans start paying a flat tax of 20%. that s perry s rate on their income with no deductions. that s not how this works though. you keep your current rate or pick his new 20% rate. by allowing people to remain in their current tax bracket, americans will continue to pay different rates. there are six federal income tax rates now. perry s new plan, because we don t have a 20, will make it seven. that s lumpy. a poor flat tax doesn t allow for deductions, capital dividends, state and local taxes. we re joking a little. we all want bold ideas, and politically, you can t wake up and throw out and old system and go to a truly flat tax if you wanted one overnight. to tell you the truth, there is something appealing about this. the best representation in my plan is this postcard. t ....

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CNNW Erin Burnett OutFront October 25, 2011

outfront tonight, a flat tax from presidential candidate, rick perry. it is time to pass a tax that is flat and fair and frees our employers and people to invested and grow and prosper. he calls it flat. bottom line is it isn t really. the right word is sort of lumpy. here s why. a true flat tax means all americans start paying a flat tax of 20%. that s perry s rate on their income with no deductions. that s not how this works. you keep your current rate or pick his new 20% rate. by allowing people to remain in their current tax bracket, americans will continue to pay different rates. there are six federal income tax rates right now. perry s new plan because we don t have a 20 will make it seven. that s lumpy. a poor flat tax doesn t allow for deductions. capital dividends, state and local taxes. we re joking a little. we all want bold ideas and politically you can t wake up and throw out and old system and go to a truly flat tax if you wanted one overnight. to tell ....

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