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<blockquote data-quote="DPI" data-source="post: 2012857" data-attributes="member: 793">You can run different scenarios using this tool.&nbsp; &nbsp; *&nbsp; Patched 2012 Law vs. 2013 law&nbsp; &nbsp; *&nbsp; Patched 2012 Law vs. Senate Republican&nbsp; &nbsp; *&nbsp; Patched 2012 Law vs. Senate Democratic&nbsp; &nbsp; *&nbsp; 2013 law vs. Senate Republican&nbsp; &nbsp; *&nbsp; 2013 law vs. Senate Democratic&nbsp; &nbsp; *&nbsp; Senate Republican vs. Senate Democratic 1) 2012 tax law (with an alternative-minimum-tax patch, to limit the number of taxpayers affected by the tax). This is what you&#039;d pay if Congress continued the tax policy in place this year, with an A.M.T. patch, for 2013 income.2) 2013 tax law. This is what you would pay for all of next year if Congress doesn&#039;t act.3) The Senate Democratic plan, which would extend the expiring Bush-era income tax cuts for a year for all except the top 2 percent of taxpayers. It would extend the credits originally enacted by President Obama in 2009, but allow the temporary payroll tax cut to expire.4) The Senate Republican plan, which would extend the Bush-era income tax cuts for everyone but would allow the 2009 credits and the temporary payroll tax cut to expire.<a href="http://calculator.taxpolicycenter.org/" target="_blank">http://calculator.taxpolicycenter.org/</a>After input of basic information, click &quot;calculate rate&quot; you will see your results.&nbsp; After that, click the links in the lower left to see how the results of different plans and compare tax %, the marginal tax rate, and total tax rate.</blockquote>

[QUOTE="DPI, post: 2012857, member: 793"] You can run different scenarios using this tool. * Patched 2012 Law vs. 2013 law * Patched 2012 Law vs. Senate Republican * Patched 2012 Law vs. Senate Democratic * 2013 law vs. Senate Republican * 2013 law vs. Senate Democratic * Senate Republican vs. Senate Democratic 1) 2012 tax law (with an alternative-minimum-tax patch, to limit the number of taxpayers affected by the tax). This is what you'd pay if Congress continued the tax policy in place this year, with an A.M.T. patch, for 2013 income. 2) 2013 tax law. This is what you would pay for all of next year if Congress doesn't act. 3) The Senate Democratic plan, which would extend the expiring Bush-era income tax cuts for a year for all except the top 2 percent of taxpayers. It would extend the credits originally enacted by President Obama in 2009, but allow the temporary payroll tax cut to expire. 4) The Senate Republican plan, which would extend the Bush-era income tax cuts for everyone but would allow the 2009 credits and the temporary payroll tax cut to expire. [url]http://calculator.taxpolicycenter.org/[/url] After input of basic information, click "calculate rate" you will see your results. After that, click the links in the lower left to see how the results of different plans and compare tax %, the marginal tax rate, and total tax rate. [/QUOTE]

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