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Imagine having no IRS and no federal income tax. federal income personal rate tax 10 Feb 2012 Romney Said to Ready More Detailed Plan to Overhaul Tax Code Republican presidential candidate Mitt Romney is preparing to release a more detailed plan to overhaul the tax code soon, said a person who attended a policy roundtable event with Romney in Washington yesterday. federal income personal rate tax 10 Feb 2012 Romney paid $3M in federal income tax in 2010 Republican presidential candidate Mitt Romney paid about $3 million in federal income taxes in 2010, having earned more than seven times that ? $21.7 million ? from his investments and making him among the wealthiest of American taxpayers. federal income personal rate tax 10 Feb 2012 First Person: Even Middle Class Americans Can Get the 15% Federal Income Tax Rate *Note: This was written by a Yahoo! contributor. Do you have a personal finance story that you'd like to share? Sign up with the Yahoo! 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