Taxes And The Romney Tax Plan

Romney Tax Plan

If you are looking for information on the 2010 taxes and what the Romney tax plan is if he wins the election, maybe this will help you.

One of the things that Romney said he does not want to do is cut taxes for the well off. He said that high income taxpayers will have fewer exemptions and deductions. He said that if those numbers didn’t come down, they’d get a tax break. Romney said that he is proposing a reduction in the tax rate but that he also wants to close exemptions and deductions at the high end so that the revenues will stay the same. He also wants to lower the heavy load on the middle income people. Another thing he wants to cut individual income tax rates, reduce tax preferences, reduce the corporate income tax, eliminate the estate tax, and more. As for the taxes enacted in the 2010 health reform legislation, he wants to repeal it and the AMT.

The plan would reduce the six income tax rates so that the top rate would go down to 28 percent and the bottom rate would go down to 8 percent. The Repeal of the AMP would increase tax savings from rate cuts.

You can find more information on Romney’s tax plan if you are still confused. You can look it up online.


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