Romney's plan "represents a large net transfer from - the poor to the rich?" Why isn't he

Well, guess we're supposed to be too dumb - to find out. nm

The TPC is assuming a lot of things if you would read their analysis - backwards typist

but since you only give half-truths and/or half paragraphs without analyzing anything, I'll help you out again.

The Economist just shows a table. It isn't a very good way to judge a plan.

I read TPC's analysis and there are good things in the Romney's plan and gives examples:

TPC’s analysis measures the change in tax liabilities against two alternative baselines: current law, which assumes that the 2001-10 tax cuts all expire in 2013 as scheduled, and current policy, which assumes that the 2011 law is permanent (except for the one-year payroll tax cut and temporary investment incentives). Compared with the current law baseline, the Romney plan (absent base broadening) would cut taxes for about three-fourths of taxpayers by an average of more than $7,000. In contrast, compared with current policy, about 11 percent of tax units would see their 2015 taxes go up an average of nearly $900 while 70 percent would get tax cuts averaging almost $4,300. The tax increases reflect the expiration of three provisions enacted in 2009: the American Opportunity Tax Credit and the expansion of the earned income credit and the child credit.

Based on the campaign's summary and Gov. Romney’s statements, TPC assumes that the 2001-03 tax cuts become permanent but that temporary tax cuts enacted in 2009 and 2010 are allowed to expire. Provisions that are permanently extended include marriage penalty relief, the 0 percent and15 percent tax rates on long-term capital gains and qualified dividends, and the higher amounts and increased refundability of the earned income tax credit and child tax credit enacted in 2001. The American Opportunity tax credit would expire and be replaced by the permanent Hope tax credit for higher education. The temporary reduction in the phase-in threshold for refundability of the child credit and the increase in the EITC for larger families enacted in 2009 would also expire in 2013 as scheduled;  NOTE: This is the increased EITC and child Credit from 2009. THEY GO BACK TO THE RATE PRIOR TO THE INCREASE in 2009, they aren't taken away.

Individual income tax rates decline by 20 percent, as shown:

Of particular importance are details of applying the exemption of investment income (long-term capital gains, dividends, and interest income) for most taxpayers with income less than threshold amounts ($200,000 for married couples, $100,000 for single returns and $150,000 for heads of households). We assume that all other income is counted first in determining whether investment income is subject to tax. Therefore, for any married couple with income from other sources above $200,000, all capital gains, dividends, and interest would continue to be subject to current tax rules. FYI: Capital gains always included selling any property (car, boat, etc.) and if you made a profit on them, you would pay capital gains taxes on the profit from that sale.  

For taxpayers with other income below the relevant threshold, the maximum exemption for investment equals the threshold minus other income. For example, a married couple with $150,000 of income from sources other than long-term gains, dividends, and interest would pay no tax on the first $50,000 of investment income and statutory tax rates on any investment income in excess of $50,000. This income would face current statutory rates—0 percent or 15 percent for long-term gains and qualified dividends and as high as 35 percent on other dividends and interest income.

Because non-qualified dividends and interest income would face higher statutory rates than long-term gains or qualified dividends, we assume that the former would be exempt ahead of the latter. Thus, a couple with $150,000 in other income, $40,000 in interest income, and $30,000 in qualified dividends would pay no tax on the interest income and $10,000 of the dividends but would pay tax on the remaining $20,000 of qualified dividend income.

The plan would allow businesses to continue to claim the research and experimentation credit, which is scheduled to expire under current law (but is assumed to be extended in the current policy baseline).

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Hope this helps someone. 

It confirms other analyses that Romney's plan CONTINUES - the transfer of wealth upward. Far up. nm

From Business Week: "The Facts: Romney�s tax plan can�t add up" and " - be shifted to the middle class." SM

"Study: Romney’s Tax Plan Hits Middle Class" - From Wall Street Journal. Link inside.

15th century taxes - musing

For 8%! Are you under the impression that the typical person - sang ballads to gentle ladies in gardens? nm

The average person lived a life devoid of comfort or security - and died around 25 or so. nm