The election and your taxes
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.
Source - The Examiner