Romney, Ryan, and Taxes

Don't Mess With Taxes, Ryan v. Romney on Taxes:

Tax	Romney	Ryan
Individual income tax rates	Reduce all current tax rates by 20%, creating six rates of 8%, 12%, 20%, 22.4%, 26.4% and 28%	10% rate on income up to $50,000 for single filers and $100,000 for joint filers; 25% on taxable income above these amounts. Eliminate most tax deductions, credits and exclusions but increase the standard deduction and personal exemption amounts. Taxpayers also would have the option to use existing tax laws if that provided a better filing result.
Corporate taxes	25% U.S. tax rate and for multinational corporations a territorial system where taxes basically would be collected only by the countries in which the money was made	Replace corporate income tax with a border-adjustable business consumption tax of 8.5%
Investment taxes	No tax on any investment income for individuals with adjusted gross income of less than $200,000; 15% tax on interest, dividends and capital gains for individuals making $200,000 or more	No taxes on any investment earnings regardless of taxpayer's income
AMT	Repeal	Repeal
Estate tax	Repeal	Repeal

• The Atlantic: Mitt Romney Would Pay 0.82% in Taxes Under Paul Ryan's Plan, by Matthew O'Brien
• Center on Budget and Policy Priorities: Ryan Roundup: Everything You Need to Know About Chairman Ryan’s Budget
• Forbes: Romney, Ryan and Reagan: The Winning Team?, by Kelly Phillips Erb
• The New Republic, Why Ryan Makes Romney's Tax Problem Even Worse
• Politico: Mitt Romney, Paul Ryan Have Some Taxing Differences, by Steven Sloan
• Talking Points Memo: Under Paul Ryan’s Plan, Mitt Romney Would Pay Virtually No Taxes, by Benjy Sarlin
• Tax Policy Center: 2013 House Republican Budget Proposal (Excluding Unspecified Base Broadeners): Impact on Tax Revenue, 2012-22
• Tax Vox Blog, Paul Ryan’s Budget Plan: More Big Tax Cuts for the Rich, by Howard Gleckman
• Washington Post: Ryan Wants to Give the Wealthy Even Bigger Tax Cuts Than Romney Does, by Suzy Khimm