“You can have fair tax, you can have flat tax, you can take the existing plans that we have and simplify…” Trump said during an appearance on Fox & Friends. “We’re going to simplify; that’s the easiest in terms of getting it done. Later on if we go to a flat tax, that’s something else.”
So Trump is at least open to the flat tax. But when pressed on the specifics by Fox’s Steve Doocy, Trump immediately started dismissing it.
“Well, the magic number is a very complicated number. I’ve seen them from 15% to 20%, nobody knows if it works,” he said.
“The one problem I have with the flat tax is that rich people are paying the same as people that are making very little money,” he said. “And I think there should be a graduation of some kind. Because as you make a certain amount of money, I think you should have to graduate upward.”
To be clear, the “graduation” that Trump refers to is more commonly known as a progressive tax rate… which is literally the opposite of a flat tax.
Watch, via Fox News.
[Image via screengrab]
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