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Interesting. What would be considered "middle-class" in America, about $50,000, would end up paying more under Romney than Obama (assuming married with 2 kids)
by bluedevil2k 14y ago
Interesting. What would be considered "middle-class" in America, about $50,000, would end up paying more under Romney than Obama (assuming married with 2 kids). Not what you'd expect from the party that claims lower taxes are better for the economy. On the other hand, a typical salary for people on this site, $100,000, would pay $1000 less under Romney.
- Variance 14y agoRomney's plan will result in far lower tax revenues, not accounting for indirect effects. It looks like the issue you're citing is a result of a lower dependent deduction allowance of some sort, and it generally means marginally higher taxes under Romney for people with moderate income with respect to the number of dependents they have. This doesn't mean that the plan isn't well suited to promoting low taxes to helping the economy. Also, that was a quite nicely designed site.