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highplainsdem

(62,833 posts)
Mon Aug 13, 2012, 11:43 AM Aug 2012

CNBC: Wealthiest Voters May Like Romney Even More Now [View all]

http://www.cnbc.com/id/48647349

Paul Ryan really has two plans: his 2010 "Roadmap for America’s Future" and the budget he put forward in the House. Both plans call for a top tax rate of 25 percent, down from the current 35 percent.

Under the Roadmap, people making between $200,000 and $500,000 annually would get an average tax cut of $5,514 in 2015. People making $500,000 to $1 million would get an average tax cut of $50,859. People making $1 million or more would see an average tax reduction of $501,861.

Under Ryan’s House budget plan, taxpayers making $200,000 to $500,000 would see an average tax reduction of $11,089. Those making $500,000 to $1 million would see a drop of $47,040 and those making $1 million or more would see their taxes go down an average of $264,970.

The main difference between Ryan's two plans is how they treat capital gains and dividend income. His House plan preserves taxes on capital gains and dividends, while his “Roadmap” eliminates taxes on many forms of investment income.

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