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Cruz' tax plan -- analysis by Tax Policy Center
Howard Richman, 3/17/2016

Tax Policy Center has put together an analysis of Senator Cruz' tax plan. Here are some quotes from an article about it that appeared in Dow Jones Business News:

• Mr. Cruz's plan would reduce federal tax collections by $8.6 trillion over 10 years, and that doesn't include additional interest on extra debt, according to the Tax Policy Center's analysis, released Tuesday.
• Mr. Cruz would repeal the corporate income tax, payroll taxes, taxes created as part of President Barack Obama's health-care law and the estate tax.
• [H]e would impose a 16% "business flat tax" that would become the government's primary revenue source.
• [B]usinesses would deduct payments to other businesses and capital expenses but not wages. His business flat tax is economically equivalent to the value-added taxes used in every other industrialized country.
• Mr. Cruz would also lower individual income tax rates to 10% and exempt the first $36,000 of a four-person family's income.
• Every income group would pay less in taxes in 2017 than they do now. The remaining tax burden would shift from high-income households to everyone else. The bottom 20% of households would pay an average federal tax rate of 3.8%, down from 4.1% under current law. 
• The top 0.1% would have a 15.2% average tax rate, down from 34.2%. This group, which would pay about 13.5% of federal taxes under current law.