Obama Tax Calculator

[CraigA]

I received an E-mail this morning from the Team Obama campaign that allows you to estimate your tax savings under each candidates tax
plan. Since i like to validate the operation of tools like this I typed in values around the $250,000 K threshold at $249 K and over $250K
President Obama's plan "saves" you more than Romney's. Doesn't correlate with everything I have read and heard on the debate. Thoughts and comments?


Link is below

http://www.barackobama.com/tax-calculator

 

[3inSlugger]

Yeah type in $500,000. Romney's plan is significant.

 

[Bootleggn]

I don't believe it for a second. Either way, it's going up. I know I pay too much as it is!

 

[redmax51]

I don't believe it for a second. Either way, it's going up. I know I pay too much as it is!

Hey, it's obama's site so you know it will be fair, balanced, truthful and transparent. That's the way big o' rolls.

All those evil capitalists need to be punished for being successful!!

 

[DA 20]

Under the present tax system tax on adjusted gross income $500,000.00 would be $151,760.00. Under Obama’s announced plan the tax would be $195,000.00.
http://www.irs.gov/pub/irs-pdf/f1040es.pdf
As a small business owner how many people would you fire to make the same money?

 

[Big House]

I do not trust anyone that is/was or volunteers/works for any political party. Each and everyone has their own motives for doing such.

Our form of government is broken and is swirling down the toilet with each and every flush of an election. Government is the new, lets make me a millionaire at any cost to the citizens that did or didn't vote me into office.

 

[reddog1]

I wouldnt click on that POS site if someone paid me.

 

[tntrex]

"Tax savings"-------------What a freaking joke.

 

[rhodesbe]

If my tax burden is so easy to calculate, then why doesn't the IRS use this 'tool'?

 

[inactive]

Under the present tax system tax on adjusted gross income $500,000.00 would be $151,760.00. Under Obama’s announced plan the tax would be $195,000.00.
http://www.irs.gov/pub/irs-pdf/f1040es.pdf
As a small business owner how many people would you fire to make the same money?

I tried this the other day too, out of curiosity.

It has certain assumptions, such as family size/deductions as well as how the income is earned and the proportions earned in a married household.

So yea, it's basically worthless. Not that I trust Romney to be much better. It's the giant douche / turd sandwich conundrum.