Saturday, January 24, 2009

What happened to the Obama tax cut for those under $250,000?

(My Original Blog Post: http://www.latesttrendsguide.com/?p=3007)
obama Tax Cut
www.Obamataxcut.com

Elderly 65+ Adjusted income $50,000

The results are in...
You probably will not get an Obama Tax Cut. This calculation is not perfect, and Obama has recently promised not to raise taxes for anyone making less than $250,000 per year.

These numbers come directly from calculations by the independent, non-partisan Tax Policy Center. They estimate that your taxes in 2009 will change by $364.49 under Barack Obama and -$431.43 under John McCain. Click here to see the relevant table for your filing status. Tax cuts for Obama and McCain are calculated by adding the changes in income tax and corporate tax estimated by the Tax Policy Center.

McCain you would save 431.43 in taxes and under Obama you would pay more by $364.49. What gives?
Me M - These numbers come directly from calculations by the independent, non-partisan Tax Policy Center.

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