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The Critical Aye
Advocating the 11th Commandment: Thou shalt not get away with it.

Romney refuses to list the deductions he’ll axe

Posted on August 23, 2012

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Here … let me take a wild guess at it …

All of the following will go “poof” under a Romney regime:

  1. Mortgage interest
  2. Student loan assistance
  3. Education costs
  4. American Opportunities Act benefits
  5. Medical and prescription cost deduction
  6. Veterans Benefits and Services
  7. Energy Efficiency deduction
  8. 401k IRA deduction (except for the one that somehow let Mitt coup a $104 Million balance in an IRA he could only contribute a maximum of $5,000 per year to. Apparently, Mitt’s been contributing to his IRA for more than 20,000 years.)
  9. Health Savings Account deduction
  10. Standard Individual and Spousal Exemption (for those making less than $250,000)
  11. Business expense deductions (for businesses of less than $1 Million)

Of course, you have to elect him first before he’ll tell you that this is exactly which deductions he plans to eliminate.

 

 

 

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Tagged: Health savings account, Individual Retirement Account, Internal Revenue Service, Itemized deduction, Romney, Romney avoids, Romney tax plan, Tax, Tax deduction, Traditional IRA, TurboTax
Posted in: Political Observations
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