Tuesday, March 9, 2010

Side Effects of Repub Roadmap to the Future

– Federal taxes would be lower for the richest 10 percent, and higher for all other income groups, than they would be if President Obama’s proposals were enacted.

– The bottom 80 percent of taxpayers would pay about $1,700 more, on average, than they would if President Obama’s proposals were enacted.

– The richest one percent would pay about $211,300 less on average than they would if President Obama’s proposals were enacted.

– The poorest 20 percent would pay 12.3 percent of their income more than what they would pay under the President’s proposal, while the richest one percent would pay 15 percent of their income less than they would pay under the President’s proposal.

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