Thursday, August 16, 2012 11:40:48 PM
The Romney-Ryan budget explained: tax reform
Washington : DC : USA | Aug 15, 2012 at 7:24 AM PDT
By itobin53
[ the image is also in the one this one is in reply to ]
The Romney-Ryan budget explained
If partisan media spin has you wondering what's really in the Romney-Ryan budget and how it may affect you, you're not alone.
Below is a simple break down that provides the facts, and only the facts.
Electoral vote.com: http://electoral-vote.com/
* Spending. Discretionary spending (FBI, FDA, education, health care, veterans, NASA, etc.) will be cut by 50%
* Taxes. Two brackets created: 10% and 25%, corporate tax cut from 35% to 25%, alternate minimum tax repealed
* Medicare. Abolished in current form. Seniors get vouchers to buy private insurance if they can
* Medicaid. This health-care program for the poor would be turned into block grants to states to use as they wished
* Food. Food stamps would be turned into block grants to states. Price supports for farmers would be reduced.
Romney-Ryan tax reform .. http://abcnews.go.com/Business/paul-ryans-tax-plan-measures-americans/story?id=16994803#.UCsA90R5He0 .. will affect all income levels as follows:
People earning between $50,000 and $100,000 would see their taxes go up by about $1,358 per year.
Incomes between $100,000 and $200,000 would pay an additional $2,681 a year in income taxes.
Those with incomes above $1 million would get a tax cut of approximately $300,000.
Income from dividends, capital gains, and interest, will not be taxed at all.
Recommended:
Romney-Ryan budget: Throw grandma off a cliff .. insert video from link ..
http://www.allvoices.com/contributed-news/12772855-romneyryan-budget-throw-grandma-off-a-cliff
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http://www.allvoices.com/contributed-news/12779631-iowa-crowd-heckles-paul-ryan-over-medicare-cuts
Romney ad deceives voters about Medicare reform
http://www.allvoices.com/contributed-news/12787799-romney-ad-deceives-voters-about-medicare-reform
Is Mitt Romney hiding his tax returns to conceal tax fraud?
http://www.allvoices.com/contributed-news/12722097-is-mitt-romney-hiding-his-tax-returns-to-conceal-tax-fraud
itobin53 is based in Tampa, Florida, United States of America, and is an Anchor for Allvoices.
Report Credibility: [ 4 star image ]
http://www.allvoices.com/contributed-news/12792072-the-romneyryan-budget-explained-tax-reform
From the video: There are very few people in the world then who are worthy of love. AR: Unfortunately, yes ..
Washington : DC : USA | Aug 15, 2012 at 7:24 AM PDT
By itobin53
[ the image is also in the one this one is in reply to ]
The Romney-Ryan budget explained
If partisan media spin has you wondering what's really in the Romney-Ryan budget and how it may affect you, you're not alone.
Below is a simple break down that provides the facts, and only the facts.
Electoral vote.com: http://electoral-vote.com/
* Spending. Discretionary spending (FBI, FDA, education, health care, veterans, NASA, etc.) will be cut by 50%
* Taxes. Two brackets created: 10% and 25%, corporate tax cut from 35% to 25%, alternate minimum tax repealed
* Medicare. Abolished in current form. Seniors get vouchers to buy private insurance if they can
* Medicaid. This health-care program for the poor would be turned into block grants to states to use as they wished
* Food. Food stamps would be turned into block grants to states. Price supports for farmers would be reduced.
Romney-Ryan tax reform .. http://abcnews.go.com/Business/paul-ryans-tax-plan-measures-americans/story?id=16994803#.UCsA90R5He0 .. will affect all income levels as follows:
People earning between $50,000 and $100,000 would see their taxes go up by about $1,358 per year.
Incomes between $100,000 and $200,000 would pay an additional $2,681 a year in income taxes.
Those with incomes above $1 million would get a tax cut of approximately $300,000.
Income from dividends, capital gains, and interest, will not be taxed at all.
Recommended:
Romney-Ryan budget: Throw grandma off a cliff .. insert video from link ..
http://www.allvoices.com/contributed-news/12772855-romneyryan-budget-throw-grandma-off-a-cliff
Iowa crowd heckles Paul Ryan over Medicare cuts
http://www.allvoices.com/contributed-news/12779631-iowa-crowd-heckles-paul-ryan-over-medicare-cuts
Romney ad deceives voters about Medicare reform
http://www.allvoices.com/contributed-news/12787799-romney-ad-deceives-voters-about-medicare-reform
Is Mitt Romney hiding his tax returns to conceal tax fraud?
http://www.allvoices.com/contributed-news/12722097-is-mitt-romney-hiding-his-tax-returns-to-conceal-tax-fraud
itobin53 is based in Tampa, Florida, United States of America, and is an Anchor for Allvoices.
Report Credibility: [ 4 star image ]
http://www.allvoices.com/contributed-news/12792072-the-romneyryan-budget-explained-tax-reform
From the video: There are very few people in the world then who are worthy of love. AR: Unfortunately, yes ..
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
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