Obama win could cost Romney $5 million in personal taxes
WASHINGTON – To see where the presidential candidates stand on taxing the rich, just look at how they’d tax themselves. Under his own proposal, Mitt Romney would pay half what he would under President Barack Obama’s tax plan.
For a man of Romney’s means, that could save almost $5 million a year.
For Obama, not as wealthy as Romney but still well-off, losing re-election could provide a tax windfall. He’d save as much as $90,000 a year if Romney’s plan were enacted rather than his own tax-the-rich vision.
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