Just finished watching the debate. I have a question about Romney's tax plan, though. Or at least about what he said at the debate.
If I understood that right, he said he's not going to cut taxes for the rich, he will keep their share of the overall tax revenue at 60%, but he will cut taxes for the middle class, right?
Now, I've got a mathematical problem here, because this would mean either:
a) The overall tax revenue (is that even the right word?) would stay about the same, that would mean he'd have to increase taxes for some third group (since the share of the middle class gets lower and the share of the rich stays the same)
b) The overall tax revenue goes down in a way that the middle class will still pay the same share percentage wise. But that would mean those 60% would also be less, so the rich will effectively get a tax cut.
Might be wrong here, though. I'm not from the US, so I don't follow US politics that closely.