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It's a FACT that the GOP plan is to eliminate the capital gains tax: "Promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax." http://roadmap.republicans.budget.house.gov/issues/issue/?IssueID=8514 The elimination of the capital gains tax will save Romney $3 million a year in taxes and lower his tax rate to less than 1% http://www.theatlantic.com/business/archive/2012/08/mitt-romney-would-pay-082-percent-in-taxes-under-paul-ryans-plan/261027/
It's a FACT that the GOP plan is to eliminate the capital gains tax: "Promotes saving by eliminating taxes on interest, capital gains, and dividends; also eliminates the death tax." http://roadmap.republicans.budget.house.gov/issues/issue/?IssueID=8514 The elimination of the capital gains tax will save Romney $3 million a year in taxes and lower his tax rate to less than 1% http://www.theatlantic.com/business/archive/2012/08/mitt-romney-would-pay-082-percent-in-taxes-under-paul-ryans-plan/261027/
Mitt Romney Would Pay 0.82 Percent in Taxes Under Paul Ryan's Plan "In 2010 -- the only year we have seen a full return from him -- Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends." http://www.theatlantic.com/business/archive/2012/08/mitt-romney-would-pay-082-percent-in-taxes-under-paul-ryans-plan/261027/
Quote from Ann Romney on releasing more tax returns: Ann Romney: "We've Given All You People Need To Know" Watch Ann say it here: http://www.youtube.com/watch?v=OFX7jqUW1-8
The richest 400 taxpayers are taxed at a lower rate than a $29,000-a-year worker "when you include Social Security and Medicare taxes, the effective tax rate for the wealthiest 400 Americans would have been 16.72 percent in 2007; the tax rate for a worker earning $29,000 a year would have been 16.79 percent." http://www.politifact.com/rhode-island/statements/2011/feb/25/sheldon-whitehouse/whitehouse-says-richest-400-taxpayers-taxed-lower-/
Mitt Romney Would Pay 0.82 Percent in Taxes Under Paul Ryan's Plan "In 2010 -- the only year we have seen a full return from him -- Romney would have paid an effective tax rate of around 0.82 percent under the Ryan plan, rather than the 13.9 percent he actually did. How would someone with more than $21 million in taxable income pay so little? Well, the vast majority of Romney's income came from capital gains, interest, and dividends. And Ryan wants to eliminate all taxes on capital gains, interest and dividends." http://www.theatlantic.com/business/archive/2012/08/mitt-romney-would-pay-082-percent-in-taxes-under-paul-ryans-plan/261027/
"Paul Ryan's budget relies on the same $700 billion in savings from Medicare that Mitt Romney and other Republicans have been attacking Democrats about. Still, Ryan himself said his plan did include the reductions in future spending that were part of the federal health care law. That’s because both sides agree on one point: Medicare spending is growing too rapidly, and it needs to reined in." http://www.politifact.com/truth-o-meter/statements/2012/aug/15/stephanie-cutter/ryans-plan-includes-700-billion-medicare-cuts-says/
Ryan explains why Medicare cuts were in his House budget "Republican vice presidential candidate Rep. Paul Ryan moved to explain why the federal budget plan he proposed as House Budget Committee chairman included more than $700 billion in cuts to Medicare Thursday, arguing that he was using President Barack Obama's baseline that already included those cuts when crafting the budget." http://news.yahoo.com/blogs/ticket/ryan-explains-why-medicare-cuts-were-house-budget-172943914.html
Quote from Ann Romney on releasing more tax returns: Ann Romney: "We've Given All You People Need To Know" Watch Ann say it here: http://www.youtube.com/watch?v=OFX7jqUW1-8
"Paul Ryan's budget relies on the same $700 billion in savings from Medicare that Mitt Romney and other Republicans have been attacking Democrats about. Still, Ryan himself said his plan did include the reductions in future spending that were part of the federal health care law. That’s because both sides agree on one point: Medicare spending is growing too rapidly, and it needs to reined in." http://www.politifact.com/truth-o-meter/statements/2012/aug/15/stephanie-cutter/ryans-plan-includes-700-billion-medicare-cuts-says/
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