The Real Mitt Romney

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The Real Mitt Romney

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10-11-2012, 12:51 PM

#11

Flint

Snowflake

Join Date: Mar 2006

Location: Dystopia

Posts: 13,136

Quote:

Originally Posted by BigV

...Romney's tax plan, please help me.

The way I understood him to be explaining it in the debate:

1. Reduce ‘individual’ tax rate
...a. Individuals in households pay less
...b. Individuals who own small businesses pay less
2. Tax revenues decreased at this point
3. Small businesses stimulated at this point
...a. Resulting in tax revenues going back up
4. Also, deductions eliminated for households
...a. Households end up paying the same amount

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