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Monday, October 8, 2007
posted by Kyle Hampton | 12:32 PM | permalink
Doug Wilson's article over at outlining the benefits of Romney's tax free saving plan. A tease:
If such a policy had been in place in 2005, 56 million taxpayers who earned interest, 28 million taxpayers who earned dividends, and 23 million taxpayers who earned capital gains would have paid zero taxes on their savings and investments. In 2004, the median income for a family of four fell into the $50,000 to $75,000 tax bracket—and that income group paid over $796 million in capital gains taxes. Under the Romney plan, that income group would have paid nothing.
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