What Obama's tax cut vs. McCain's represents to you and your family!
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Posted By: Marta Fernandez on September 19, 2008 I am a Volunteer on the Obama Campaign, tomorrow Saturday 20, 2008 I will be at an OBAMA camp for continued training: Here are the figures and you can do your own calculation, if you passed statistics unlike me:-) Sent to me by Thomas Hayes..Nevadans for Obama: Now that the economy is back front-and-center (where it should've been all along), we need to pass this kind of information on to everyone... FYI, the working 'tax calculator' link is http://alchemytoday.com/obamataxcut/ (the one below points to http://alchemytoday.com/willobamaraisemyta... which seem to be an older, non-working version of that same calculator webpage). I plugged in my numbers (married, one-earner; 1 dependent; $75k income) and obtained the following result: Your Obama Tax Cut is: $478.92 I revised the input data to project the cut if my wife returns to work with an income equal to mine (Married, two-earner; 1 dependent; $150k income) and obtained the following (even more pleasing) result: Your Obama Tax Cut is: $3,526.76 Also, while plugging in different variables to check the results, I noticed that Obama's tax cuts benefit those earning $50k or less far more than McCain's, often providing more than twice the tax cut these lower-income workers would receive under McPain's plan. So much for McPain's lies that Obama would burden the working class with higher taxes... http://econ4obama.blogspot.com/2008/09/66-... http://econ4obama.blogspot.com/2008/06/oba... The Truth on Taxes: • 95% of working families would get a tax cut from Obama • 100 million Americans would get NO tax cut from McCain • Most would get a larger tax cut from Obama This tax calculator approximates your tax bill under each candidate's plans. The numbers are from the highly respected, non-partisan Tax Policy Center (see their full report or executive summary (PDF) ). For details of the Obama tax proposals, see this article by his advisers or Obama's site. If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Marta Fernandez
From Queens, NY CUNY -Queens College class of 1985 Member Since July 2008 |
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