Monday, October 31, 2011

How crazy is this? (Not so much Rick Perry's notably odd speech...but the massive tax cuts for the "1%" and above?)

Based on his weird presentation here, it's unlikely Rick Perry will become the GOP nominee. He appears to be well-lubricated.

But for what it's worth, the "flat tax" plan Perry whips out of his pocket cuts the taxes of 97% of the infamous economic elite - the "one-percent" - by close to $300,000 on average. Worse, for the top .1% - the super-rich upper tenth of the top one-percent - taxes are cut by over a million and a half dollars per annum.

(Tax Policy Center via Economix)

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