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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsQuestion on Rmoney's tax plan (trolls are welcome to answer)
He says he wants to lower the tax rates to 20% but what about those who's tax rate are already 15% or 10%?
Angry Dragon
(36,693 posts)10% would go down to 8%
15% would go down to 12% etc
truebluegreen
(9,033 posts)I think the "plan" is to lower everyone's taxes by 20%...I'm sure he said that, along with every other possible plan.
lunasun
(21,646 posts)also I heard when asked, that his idea of middle class income is folks $150K to 300K??
That those are the folks he is talking about when he says he wants to help?
trolls /anyone who knows his plan?
jmowreader
(50,560 posts)A few retirees might be able to exploit this, but most retirees with dividend income have it in pension plans which are taxed as ordinary income.
This is the big problem: Romney has two stated goals: 20 percent rate cut and revenue neutrality. Eliminating every deduction will support a 4 percent rate cut while maintaining neutrality. Plus he wants the huge military spending hike.
His numbers will never work.
flyguyjake
(492 posts)That would effectively wipe out any tax liability for Romney! ZERO
WhaTHellsgoingonhere
(5,252 posts)...he won't lower tax rates on top income earners but the rich will continue to pay 60% of America's Taxes.
Impossible.
The only way to hold their share constant while lowering the the tax rates for all other Americans is to lower their tax rate, too.
Just another lie.