Under Ryan's plan, Romney would pay less than 1% in taxes

No wonder Dick Cheney thinks Ryan is a perfect candidate for the presidency (vice-presidency). He's hoping Ryan will be a president (vice president in name only) just like he was!

http://www.rawstory.com/rs/2012/08/12/romney-would-pay-less-than-1-in-taxes-under-ryan-plan/

Under the budget plan proposed by Mitt Romney’s vice presidential nominee, Rep. Paul Ryan (R-WI), Romney would have paid an effective tax rate under 1% in 2010, according to an analysis by The Atlantic.

Romney’s 2010 tax rate—he has only released complete information for that year, so it is unclear what his burden would have been in other years—would have come in at a tiny 0.82 percent for the year, far lower than the already low 13.9% rate he actually paid.

That huge drop would come primarily from the Ryan plan’s proposal to eliminate taxes on capital gains, interest and dividends. Romney’s income in 2010 came largely from those sources, so those taxes made up the bulk of the overall effective tax rate on his reported $21.6 million income.