Romney says he paid more than 13 percent in taxes for the last 10 years. But he didn't specify 13 percent of what.
Romney says he paid 13 percent in taxes for the last 10 years. That doesn’t tell us much.
Wonkblog: Taxes
Mitt Romney’s budget is a fantasy, Part II
Mitt Romney, who has refused to officially name even one offset for his tax cut, has taken the bulk of the mortgage-interest deduction off the table. In his 10-year deficit-reduction plan, he has taken Social Security, Medicare, and defense off the table.
Does the Ryan budget really reduce the deficit?
If you assume Ryan's tax plan would not be paid for, then it only raises 15. 5 percent of GDP in revenues, and Ryan's plan is the single most fiscally irresponsible plan on the graph.
Tax reform is going to be really, really hard
As polarized as Washington is over tax and budget issues, a base-broadening, rate-lowering tax-code overhaul has become the one policy every wonk in town can agree on. But that's usually because they haven't run the numbers.
Mitt Romney’s wrong: You can balance the budget through taxes. But you may not want to.
"You can’t get to a balanced budget by simply raising taxes," says Mitt Romney. As a matter of fact, that's not true. You can get from where we are to a balanced budget by raising taxes. You may not want to. But you can.
How much can taxes curb inequality?
The tax code actually has to become more and more progressive every year to prevent inequality from growing.
Nine takeaways on Romney’s tax plan
Wednesday's Tax Policy Center report assessing Mitt Romney's tax plans was a big, big deal. So big a deal, in fact, that I'm interrupting vacation to draw out a couple of its key points.
No one pays the estate tax
If you hear politicians worrying about the 55 percent rate, remember that when it was last in place, fewer than 5,000 people were affected every year. It's simply not that big a part of the tax code, and the idea that "millions" of families and small businesses would be affected by a return to Clinton rates is just plain wrong.
Republicans want to raise taxes on the poor. Why?
Democrats and Republicans might switch sides on individual mandates, on civil liberties, on government secrecy, on cap-and-trade, and much more. But you can always count on the fact that Democrats want to raise taxes and Republicans want to cut them, right? Wrong.
Does raising taxes on the rich hurt small businesses?
The policy disagreement animating the 'you didn't build that' argument is a relatively narrow one: The question is whether we should increase tax rates on the rich in order to fund public investment. One argument against that proposal is that since some small businesses end up paying taxes as individuals, higher tax rates on the rich mean higher tax rates on small businesses, which means fewer people will build firms.
