Technically, you can create a progressive income tax system even when stated tax rates remain flat by using personal exemptions, tax credits and tax deductions to alter the effective tax rate. A progressive income tax is exactly what it sounds like: the rate of tax increases as income (however measured) increases. What is the difference between the flat tax, the Fair Tax and what we have now? Here’s a quick comparison: Rand Paul (KY) is also a fan of a version of the flat tax (it’s in his economic proposal) although it didn’t get much play during the debate. Mike Huckabee invoked the Fair Tax, not once but twice. Ben Carson alluded to a flat tax, which he likened to a tithe, and former Arkansas Gov. Almost all of the candidates touted the need to grow the economy and reform the Tax Code but offered little in the way of details about how to best do this with two exceptions: Dr. The GOP Debate last night was big on drama but short on specifics - especially when it came to the economy.
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