Romney Tax Plan Least Generous to Top 1% Among GOP Candidates (for 1/8/12)

Mitt Romney wants to give millionaires and billionaires even more tax cuts they don't need. But, among GOP Presiential candidates the least generous to the Top 1% of the wealthiest Americans. He would still tax a millionaire's income at an effective rate over 25% on everything above $1 million. Newt Gingrich's plan would see even steeper tax cuts for the wealthy, as nobody would face a rate over 18%. Millionaires would face an effective tax rate of 11-12%. Under Rick Perry, Nobody would face a rate of ovr 20% and millionaires would face a rate of 15%. Under Herman Cain and his infamous "9-9-9 Plan", millionaires would pay the lowest tax rate of everyone. This is the worst plan of all as everyone from $35,000 to $200,000 would face the highest tax rates. Millionaires currently face a top rate of 35%. They are not suffering. They cannot get more tax cuts with the possibility of Medicare or Medicaid cuts in the near-future. That would be inhumane. http://news.firedoglake.com/2012/01/06/relative-to-gop-field-romney-tax-plan-gives-less-to-the-rich/