Originally Posted by rubicon

Arthur L, Ecomonist (Laffer curve) wrote an article for WSJ 1/31/12 (today) with the above-named title. Here is an excerpt from that article: "Hong Kong where there has been a 15% flat tax (Gingrich Plan) on individuals since 1947 is truly a shining city and one of the most prosperous cities in history . Ireland 12.5% flat business income tax. propelled the Emerald Isle out of two and half centuries of poverty" Romney's tax proposal including eliminating the death tax, reducing corporate tax rate to 25% and extending the current tax on personl income, interest, dividends and capital gains would be an improvement over President Obama's but they don't have the boldness, internal integrity of Mr. Gingrich's personal and business flat taxes."

Translated: If you are the 49% not paying taxes you will gain more with Obama, lose more with Gingrich and remain neutral with Romney.

If you are that so called 1% you lose with Obama, fare better with Gingrich and God bless Romney for the windfall...just keep those big bonuses coming

If you are the middle class you will continue to lose with Obama, and you will lose with Romney because his plan will create a greater tax obligation as he shift more of that obligation from his rich buddies to the middle class.

congratualtions to those of you who voted for Romney, if elected you just increased your tax obligations.

P.S. In its entirety Laffer further illuminates why gingrich's plan is superior.