As they stand now, the current tax brackets are: 10 percent, 15 percent, 25 percent, 28 percent, 33 percent and 35 percent.? If nothing is done, rates in 2013 will go up.? Obama wishes to maintain current tax rates for individuals with income below $200,000 (heads of household below $225,000, and joint filers below $250,000).? He would increase the top rate to 36 percent ( 39.6 percent for taxpayers subject to the 10% surtax), which would apply to individuals whose income is above those levels.? Romney wishes to reduce the 2012 tax rates by 20 percent for each bracket.
Source: http://dollarwiseblog.dallasnews.com/2012/10/obama-vs-romney-individual-income-tax-rates.html/
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