Greg Sargent asked the key follow-up question to Tuesday’s news that Mitt Romney has an effective tax rate of about 15%: what would Romney’s taxes be under his own tax plan?
The answer, according to the liberal-leaning Citizens for Tax Justice, is that Romney’s plan would almost halve his own tax rate:
If Romney, whose wealth is estimated at as much as $250 million, is elected president and gets his way on tax policy, he would pay barely more than half as much in taxes than he would if Obama is reelected and gets his way — and the Bush tax cuts on the wealthy expire and an additional Medicare tax as part of the Affordable Care Act kicks in.
