Calculate the Income Tax Cut You Would Receive Under Different Tax Proposals

[stevedeshazer]

http://www.ctj.org/federalincometaxcalculator.php

The next time some rightie blabbers about taxes, show 'em this easy calculator courtesy of Citizens For Tax Justice.

Guaran-damn-teed to shut 'em up unless they're in the top 1%.

<snip>

The Bush tax cuts expire at the end of 2010. President Obama wants to extend the Bush tax cuts for all but the very rich, while some lawmakers want to extend them for everyone.

Find out how much you would pay in federal income taxes in 2011 under three different scenarios:

1) Congress does nothing and the Bush tax cuts are allowed to completely expire,
2) Congress enacts Obama's proposal to extend some of the Bush tax cuts and some additional tax cuts (the Making Work Pay Credit and expansions of the Child Tax Credit and EITC that were included in the Recovery Act),
3) Congress extends all of the Bush tax cuts but none of the tax cuts included in the Recovery Act.

Answer the following questions and and the calculator will do the rest. The information you provide is not recorded in any way and will be seen by no one besides you.

</snip>

[dkf]

1. I think I got $300. Big whoops.

[stevedeshazer]

2. How much under the Bush tax plan?

You're missing the point.

[dkf]

5. The bush tax plan gave me a benefit of $300 dollars. If it lapses that goes away again

Compared to the $44,000 that every individual owes as our per capital share of the debt, I got nothing really.

[rucky]

3. Now THAT'S a middle class tax cut!

damn

[Codeine]

4. Wow. 850 bucks cut. Not shabby. nt

[RB TexLa]

6. They both seem to have favoritism toward people who have made the lifestyle choice of raising

children.

[rucky]

7. Just eight more kids and I can buy that yacht I've always dreamed of.