It is very unlikely to be true that middle-income people will get a tax break in a Romney administration. 80% of Americans pay more in payroll taxes than income taxes. The payroll tax holiday is scheduled to expire at the end of this year, adding 2 points of tax to the liabilities of every worker who earns less than $110,000. That's unlikely to be offset by any plausible income tax cut.
No comments:
Post a Comment