Detailed text transcripts for TV channel - MSNBC - 20120214:05:05:00
Turns out very different groups of people would pay. if you are in the bottom 20% of the income distribution, in obamas plan you pay federal tax rate of 1.8%. under romneys plan, double that, 3.4%. that is the poorest group. in the middle, a lot closer, 15.2% under obamas plan, 15.6% under romneys plan. if youre in the top 1% as both romney and obama are, the difference becomes huge. under obamas plan, 36.3%. under romneys plan, 25.9. to get that out of percents and in dollars, your taxes will b...
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