Huffpost Politics

Mitt Romney Tax Plan: How Much Would He Pay Under His Own Plan?

Posted: Updated:

Now that Mitt Romney has released his tax returns for 2010, we can have a stab at answering another key question. What would Romney himself pay in taxes if his tax policies become law?

In 2010, Romney enjoyed an income of $21.7 million. Of that amount, he paid about $3 million in taxes — a tax rate of just under 15 percent.

Citizens for Tax Justice, which is liberal-leaning but nonpartisan, supplied me with its analysis of what Romney would pay out of his 2010 income in taxes under various scenarios. The column to the right is what Romney would pay under his own plan:

Read the whole story at Washington Post

Around the Web

Six Facts About Mitt Romney's Tax Returns | ThinkProgress

Daily Kos: Mitt Romney tax plan would hurt low- and middle-income ...

Mitt Romney tax plan would cut taxes on rich, raise taxes on poor ...

Higher Deficits Seen in Romney's Tax Plan, and His Rivals', Too

Romney's tax plan would slash revenue, reward the wealthy

Florida's Republican Primary Pits Money Against Momentum

Romney on immigration: I'm for "self-deportation"