2008 Calculate Your Tax Cut
posted by on October 31 at 16:20 PM
This has probably been on Slog a bunch already—I may have posted it myself—but not enough people know it exists. You go here, you select (roughly) how much you make in a year and it tells you what your tax cut would be under Obama’s tax plan compared to what it would be under McCain’s plan.
This is a great link to send to your friends in Arizona, Ohio, Florida, Pennsylvania, Colorado, New Mexico, and Virginia.
UPDATE: For the record, the Tax Policy Center, which is credited for the information that created the calculator, didn’t create the calculator. The Obama campaign did. The Tax Policy Center would prefer you get your information from this very boring wall of text.
Oh, yeah, already posted for sure. I remember it well. I flamed David Wright. David Wright flamed me. I flamed David Wright. And so on.
Good times.
I saw Obama's tax cut calculator at the top of my dad's favorite website, the Drudge report(!)
a couple days ago.
So I entered my dad's family's info and it said he would not get a tax cut from Obama. Bummer.
But the link you just posted gives him a $5164 cut from Obama and $7087 from McCain.
Everyone will get a tax cut under Obama -- if elected, he'll destroy the economy and everyone will be out of work.
Or, you can keep the McCain Recovery Rolling :
1. $2 a gallon gas
2. Stock market recovery
3. Cheap real estate
Every thing we need to build the New Middle Class.
Don't let the elitist spawn of a bank vice president, who prepped in Hawaii, take it all away from you.
If by Middle Class you mean the people formerly known as the Rich, then, yeah, JB.
Otherwise, nuh uh.
Even the WSJ admits that only those who are rich will get a tax cut under McSame.
The tax calculator I've seen and used elsewhere allows for pre-tax retirement account deductions; and supplies a checkbox if the taxpayer is blind, and an input field rather than a drop down box for adjusted gross income. The tax credit difference was greater, too: $1700 difference.
The surprising part of the story is how Obama wants to make the cap gains tax rate progressive. Republicans have long used this issue to drive a wedge between modest-income retirees and the rest of the middle class, encouraging the former to vote with the ultra-wealthy "investor class" against their own interests.
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