Monday, June 4, 2012

Obama win could cost Romney $5M in personal taxes

-As if this is a good thing.  If Romney's taxes are going up under another Obama 4 years what about the rest of us?  
If Obama wins, Romney and EVERYONE gets taxed their butts off.  
If Romney wins, Obama and everyone won't get their butts taxed off!  Hmmmmm... tough decision. 
 
Romney would owe taxman $5M more under Obama's plan than under his own tax ...
Washington Post
He'd save as much as $90000 a year if Romney's plan were enacted rather than his own tax-the-rich vision. Two nonprofit research groups, the liberal-leaning Citizens for Tax Justice and conservative-leaning Tax Foundation, did the calculations, ...

Obama win could cost Romney $5M in personal taxes
Atlanta Journal Constitution
For President Obama, losing re-election could provide a tax windfall, saving him as much as $90000 a year if Mitt Romney's plan were enacted rather than his own tax-the-rich vision.

Obama Win Could Cost Mitt Romney $5 Million Annually
The Inquisitr
So Romney would pay approximately $7.8 million under President Obama's tax the rich plan and just $3 million under his own plan. On the other hand Obama would claim an effective tax rate under his own plan of 28% which based on income of $790000 in ...
 

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