From Governing.com
''The presidential candidates’ tax proposals may lack detail, but one
thing is clear: State taxes, which are closely tied to the federal tax
code, could change dramatically depending on the outcome of the
election.
President Barack Obama and his Republican challenger Mitt Romney
differ sharply on taxes, especially personal income taxes. President
Obama says he wants to raise taxes on people earning more than $250,000 a
year. He also backs “the Buffett Rule,” which would require individuals
with an adjusted gross income of more than $1 million to pay at least
30 percent in taxes. Obama promises to close corporate tax loopholes,
including one that benefits companies that move overseas.''
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