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Article Source: Think ProgressThe Tax Policy Center yesterday released an analysis showing that 2012 GOP presidential frontrunner Mitt Romney’s tax plan is heavily weighted towards the richest Americans, giving 50 percent of its benefit to those making $1 million or more. While millionaires would receive an annual tax cut of nearly $150,000, many middle class and low income families would see their taxes go up.
By Pat Garofalo
– 40% of families with incomes under $100,000 who have children (more than 14 million families) get a tax hike.
– 55% of families with incomes under $50,000 who have children (more than 12 million families) get a tax hike.
– Families with incomes under $50,000 who have children (including the ones who get small tax cuts) see an average tax hike of $512.
Overall, under Romney’s plan, 22.1 million households would see a tax hike, including 17.4 million who have incomes under $50,000.
#1 - Sun Jan 8, 2012 11:48 AM ESTThat is the Republican mantra tax the poor and give to the rich. He is totally out of touch with the common man. Mr Reich's article is well worth the read.
http://www.huffingtonpost.com/robert-reich/the-defining-issue-not-go_b_1159294.html
#2 - Sun Jan 8, 2012 11:57 AM ESTSurprize! the GTOP want to tax the little guy even more. I'm so disappointed, I was so SURE they were cheering for me. Yeah right! They are ALL scary because they have a following. The "following" frighten me, because they are our neighbors, friends, and family. WAKE UP! They(GTOP) aren't on YOUR side!!! Please don't vote for THEM, but do please VOTE!!! Get that voter ID even if you have to borrow money to do it, it might be the best bucks you've ever spent.
#3 - Sun Jan 8, 2012 12:22 PM ESTThe candidates are out of touch with reality. They are running on a format that they believe will garner votes but this isn't going to work for them. Each and every one of them seems to think the more rights they take away from the taxpayer the bigger applause they'll receive. They truly need to change their strategies as more and more people are waking up to their debacles. Mitt Romney is not leadership quality.
#4 - Mon Jan 9, 2012 11:55 AM ESTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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