The Tax Facts: "You Do The Math" Submitted by Tyler Durden on 10/16/2012 18:10 -0400 As UBS reported said, in both the Republican primary and the general election campaigns in 2012, various Presidential candidates in discussing taxes have recommended that voters "do the math" in evaluating various tax change proposals. The following preliminary 2010 data from the Internal Revenue Service (IRS) should be helpful for performing such calculations. We present a variety of self-explanatory exhibits sourced directly from the IRS, which include all the DIY math on income distribution, tax rate schedules, who is affected if Bush taxes cuts for high-income taxpayers expire, sources of itemized deductions and higher incomes, the size distribution of businesses paying individual income taxes, and everything else that may and likely will be thrown out, if incorrectly, by one or both candidates tonight, in an attempt to rally any one group of people behind the cause (what cause exactly remains to be seen). Source: UBS Average: 4.166665 Your rating: None Average: 4.2 ( 6 votes) Tweet Login or register to post comments 8425 reads Printer-friendly version Send to friend Similar Articles You Might Enjoy: Why 'Tax The Rich' Doesn't Solve Anything: It's The Math, Stupid Your Taxes At Work: All You Need To Know About Who Pays What Taxes In The US Romney Enjoyed At Most 87% Of His $21mm Income In 2010 Pick Your Poison With Barton Biggs Greenspan Suggested Cutting Taxes on the Wealthy to Increase Debt so the Fed Wouldn't "Lose Control of Monetary Policy"
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