Tax Reform: He proposes eliminating the current income tax system and
replacing it with a 17 percent flat tax . He would abolish income taxes on
personal savings, pensions, Social Security benefits, and capital gains.
His tax plan states that a family of four would not pay taxes on the first
$36,800 of their income.
--Based on literature provided by the Forbes for President campaign and
from the Forbes for President website at
Candidate profile for Forbes
Published: Tue Mar 12, 1996 | Modified: Sat Aug 06, 2005 01:00 p.m.