Flat tax

A flat tax (short for flat tax rate) is a tax system with a constant marginal rate, usually applied to individual or corporate income. A true flat tax would be a proportional tax, but implementations are often progressive and sometimes regressive depending on deductions and exemptions in the tax base. There are various tax systems that are labeled "flat tax" even though they are significantly different.

Major categories

Flat tax proposals differ in how the subject of the tax is defined.

True flat rate income tax

A true flat rate tax is a system of taxation where one tax rate is applied to all personal income with no deductions.

Marginal flat tax

Where deductions are allowed, a 'flat tax' is a progressive tax with the special characteristic that, above the maximum deduction, the marginal rate on all further income is constant. Such a tax is said to be marginally flat above that point. The difference between a true flat tax and a marginally flat tax can be reconciled by recognizing that the latter simply excludes certain types of income from being defined as taxable income; hence, both kinds of tax are flat on taxable income.

Flat

flat commonly refers to:

Flat or flats may also refer to:

Geography

Places

Landforms

Architecture

Ted Cruz

Rafael Edward "Ted" Cruz (born December 22, 1970) is an American politician and the junior United States Senator from Texas. He is a candidate for the Republican nomination for President of the United States, in the 2016 presidential election.

Cruz graduated from Princeton University in 1992, and from Harvard Law School in 1995. Between 1999 and 2003, Cruz was the director of the Office of Policy Planning at the Federal Trade Commission, an associate deputy attorney general at the United States Department of Justice, and domestic policy advisor to President George W. Bush on the 2000 George W. Bush presidential campaign. He served as Solicitor General of Texas from 2003 to 2008, appointed by Texas Attorney General Greg Abbott. He was the first Hispanic, and the longest-serving solicitor general, in Texas history. From 2004 to 2009, Cruz was also an adjunct professor of law at the University of Texas School of Law in Austin, where he taught U.S. Supreme Court litigation.

Cruz ran for the Senate seat vacated by fellow Republican Kay Bailey Hutchison, and in July 2012 defeated Lieutenant Governor David Dewhurst during the Republican primary runoff, 57%–43%. Cruz then defeated former state Representative Paul Sadler in the November 2012 general election, winning 56%–41%. He is the first Hispanic American to serve as a U.S. senator representing Texas, and is one of three Senators of Cuban descent. Cruz chairs the United States Senate Judiciary Subcommittee on Oversight, Federal Rights and Agency Activities, and is also the chairman of the United States Senate Commerce Subcommittee on Space, Science and Competitiveness. In November 2012, he was appointed vice-chairman of the National Republican Senatorial Committee.

Rand Paul

Randal Howard "Rand" Paul (born January 7, 1963) is an American politician and physician. Since 2011, Paul has served in the United States Senate as a member of the Republican Party representing Kentucky. He is the son of former U.S. Representative Ron Paul of Texas.

Born in Pittsburgh, Pennsylvania, Paul attended Baylor University and is a graduate of the Duke University School of Medicine. Paul began practicing ophthalmology in 1993 in Bowling Green, Kentucky, and established his own clinic in December 2007. Throughout Paul's life, he volunteered for his father's campaigns. In 2010, Paul entered politics by running for a seat in the United States Senate. Paul has described himself as a Constitutional conservative and a supporter of the Tea Party movement and has advocated for a balanced budget amendment, term limits, and privacy reform.

On April 7, 2015, Paul officially announced his candidacy for the Republican nomination at the 2016 U.S. presidential election. He suspended his campaign on February 3, 2016, shortly after the Iowa caucus.

Rachel Maddow

Rachel Anne Maddow (ⁱ/ˈmædoʊ/, born April 1, 1973) is an American television host, political commentator, and author. She hosts a nightly television show, The Rachel Maddow Show, on MSNBC. Her syndicated talk radio program of the same name aired on Air America Radio. Maddow is the first openly gay anchor to host a major prime-time news program in the United States. She holds a doctorate in politics from Oxford University.

Asked about her political views by the Valley Advocate, Maddow replied, "I'm undoubtedly a liberal, which means that I'm in almost total agreement with the Eisenhower-era Republican party platform."

Early life and education

Maddow was born in Castro Valley, California. Her father, Robert B. "Bob" Maddow, is a former United States Air Force captain who resigned his commission the year before her birth and found civilian work as a lawyer for the East Bay Municipal Utility District. Her mother, Elaine Maddow (née Gosse), is a school program administrator. She has one older brother, David. Her paternal grandfather was from an Eastern European Jewish family (the original family surname being "Medwedof"), while her paternal grandmother was of Dutch (Protestant) background; her mother, originally from Newfoundland, Canada, is of English and Irish ancestry. Maddow has stated that her family is "very, very Catholic," and she grew up in a community that her mother has described as "very conservative." Maddow was a competitive athlete and participated in three sports in high school: volleyball, basketball, and swimming. Referencing John Hughes films, she has described herself as being "a cross between the jock and the antisocial girl" in high school.