Does Romney want to increase or decrease the net tax liability of the rich?

[OohPooPahDoo]

Romney/Ryan says that by increasing the tax liability of the wealthy through removal of "loopholes", they can redistribute the savings down to the middle class and decrease their tax liability.

Romney/Ryan also says they will not raise the tax liability of the wealthy.

Which is it?

YOU decide!

 

[Erand7899]

Romney/Ryan says that by increasing the tax liability of the wealthy through removal of "loopholes", they can redistribute the savings down to the middle class and decrease their tax liability.

Romney/Ryan also says they will not raise the tax liability of the wealthy.

Which is it?

YOU decide!

Not quite right. Romney says that he will reduce tax RATES for all people, and he will end loopholes at the high end to ensure that the high earners will still pay the same percentage of taxes.

The middle class will benefit by reduced tax rates, and those tax cuts will be offset by economic growth, which will benefit everyone.

 

[OohPooPahDoo]

Romney/Ryan says that by increasing the tax liability of the wealthy through removal of "loopholes", they can redistribute the savings down to the middle class and decrease their tax liability.

Romney/Ryan also says they will not raise the tax liability of the wealthy.

Which is it?

YOU decide!

Not quite right. Romney says that he will reduce tax RATES for all people, and he will end loopholes at the high end to ensure that the high earners will still pay the same percentage of taxes.

The middle class will benefit by reduced tax rates, and those tax cuts will be offset by economic growth, which will benefit everyone.

So the rich will pay the same - and the middle class will pay less? But Romney said that the tax cuts would be balanced exactly by the elimination of deductions and credits - and Ryan said in the debate the cuts for the middle class will be financed by the elimination of loopholes for the rich - how does that add up?

 

[Old Rocks]

It simply does not. What is going to happen is if Romney becomes President, the very wealthy will get a huge tax reduction, and we in the middle class will see our mortgage interest deduction go away. And the value of our homes will take another nosedive. We will also see the college tuition deduction go away. As well as much of the unemployment benefits. And a lowering of the minimum wage.

 

[Old Rocks]

Romney/Ryan says that by increasing the tax liability of the wealthy through removal of "loopholes", they can redistribute the savings down to the middle class and decrease their tax liability.

Romney/Ryan also says they will not raise the tax liability of the wealthy.

Which is it?

YOU decide!

Not quite right. Romney says that he will reduce tax RATES for all people, and he will end loopholes at the high end to ensure that the high earners will still pay the same percentage of taxes.

The middle class will benefit by reduced tax rates, and those tax cuts will be offset by economic growth, which will benefit everyone.

And the next day, Romney will walk on water.

 

[BreezeWood]

Romney's untenable tax pan has only one objective - win votes.