COMPARING THE PRESIDENTIAL CANDIDATES’ TAX PLANS

How does Mitt Romney compare to Ron Paul on taxes? Does Newt Gingrich have a savvier plan than Michele Bachmann?

The Tax Foundation just published a comparison of the presidential candidates tax plans. I always find candidates talk about taxes interesting. They proclaim that once they get into office they can flip a switch from the White House and policy will change. In actuality tax law changes start in the Ways and Means Committee of the House of Representatives. Looking at the last two major changes in the tax laws, history tells us that it takes 2 to 3 years to accomplish change. Check out their campaign promises.

With the upcoming 2012 presidential election, tax policy is on voters’ minds more than ever. Taxes are one of the central issues in any national election, and it is important for the public to understand candidates’ general views toward tax policy as well as their positions on specific issues. The online Presidential Candidate Tax Plan Comparison outlines the candidates’ positions on the most important tax questions of this election. Ten presidential candidates were evaluated on six different parameters of tax policy: individual income tax rates, the corporate income tax, the estate tax, payroll taxes, the alternative minimum tax, and taxes on capital gains and dividends.

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