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Reply to "In a strictly financial sense, who should I vote for if my family makes < $200K/year"
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[quote=Freeman][quote=Anonymous]First off you are listing a source of an OP-ED piece on the crazy left wing new york times. HERE is a partisan analysis of Romney vs Obama. Note that Romney cuts taxes FOR ALL not just the rich. "Romney: Would reduce each of the Bush-era income tax rates by 20%. So the top rate would fall to 28% and the bottom rate would fall to 8%." http://money.cnn.com/2012/09/07/news/economy/tax-obama-romney/index.html?iid=HP_LN[/quote] According to the description and assumptions used by Romney economic adviser Martin Feldstein in a recent WSJ OP-ED piece, a family making between $100k-$200k would pay on average $2000 more under Romney's plan. So the OP would actually pay more in taxes under Romney's plan. The issue is the number of tax breaks and deductions that Romney would have to eliminate to pay for his tax cuts.(Yes, he has stated they would do this, but refuses to disclose exactly how it would be implemented) You are focusing on the tax rate instead of the total tax liability. Again, do you know what deductions and credits would be eliminated, and at what income level, under Romney's plan?[/quote]
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