With the November election right around the corner, all eyes are on taxes. Figuring to be one of the key factors in the election, taxes are due for a serious overhaul. The question is, which plan will the people prefer? Romney proposes lowering all taxes by 20%, and removing many of the loopholes that high-earners use to lower their taxable income. He also proposes everybody paying federal income taxes, not just 48% of the country. 

President Obama proposes extending the current tax rates for those making less the $200,000 individually or $250,000 as a household, and raising the taxes on those making more than that amount. He also will implement the Buffett Rule, where every person making more than $1 Million will pay at least 30%, regardless of various loopholes.

It is now up to the American People to decide which plan they prefer.