Bobby Jindal seems a long shot to get the GOP nomination.  One wonders if he'll even still be in the race this time next week.  But he has released a tax reform plan that is quite good and highlights a key flaw in Donald Trump's tax plan, so it is worth talking about. Jindal wants to flatten the tax code and have only three rates: a 2% bracket for singles making up to $10,000 (married $20,000), a 10% bracket for singles making up to $90,000 (married $180,000), and a top rate of 25% for those making above those amounts.  Currently, the top rate is around 40%, so this would be a significant reduction for higher wage earners and a shot in the arm for unincorporated small businesses. But the key element that is so wonderful in Jindal's plan is that almost everyone pays taxes.  Personal exemptions are eliminated (though there are still exemptions for dependent children).  Unlike Trump's plan, where he would take huge numbers of people off the...(Read Full Post)