HUFFINGTON POST
03/02/2012 01:04 pm ET Updated Mar 02, 2012

Mitt Romney, Ron Paul Tax Plans: Rich Get Richer

The folks at the Tax Institute at H&R Block sent us a handy graphic boiling down the hardly shocking news that Republican candidates' tax plans give nice breaks to the rich. One thing we at Money didn't quite realize: How Ron Paul really sticks it to the poor. The long-shot Libertarian would abolish the income tax for everyone. And poor people, who don't pay income tax, would no longer be eligible for the earned income tax credit, which offers a huge income boost to the nation's neediest.

Mitt Romney's plan is the most generous to the wealthy--who would pay $70,000 less in taxes each year. Click the graphic to enlarge.

2012-03-02-TheTaxInstituteatHRBlockPresidential_Infographic_3.1.12.jpg
Graphic by The Tax Institute at H&R Block

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