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“I guess it’s just an accident that the man who falls into that tax bracket – who paid considerably far lower rates than I pay and I bet you pay, too – now creates a special tax cut for the top .1%” – Ellis Henican
He may very well secure the Republican nomination on ‘Super Tuesday’, so we ought to be very clear on what Mitt Romney would do as President of the United States.
According to the non-partisan Washington think tank Tax Policy Center – Romney’s new tax plan strongly favors the wealthiest Americans. The top 1% earners would pay an average of $150,000 LESS. And what about the very top – those that make the mega bucks? People like Mitt Romney would see a reduction in federal income taxes of $725,000.
Listen to the Ellis Henican Radio Show:
E-mail ellis@henican.com
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I keep reminding people that if you want to pay 15% tax rate as Romney did buy a portfolio of stocks that pay dividends, single issue bonds or bond funds. Any income from those securities is taxed 15% and you can be Joe the Plumber or anyone. What liberals never say is the risk that Romney is taking.