ObamaBiden Tax Calculator

I think this is a wicked awesome idea.  A website with a tax calculator to let you see how you’d fare under the tax plans for each candidate.

Here’s a few fun figures:

If you are over 65, married (joint file), have a combined income of 20,000, 3+ dependents, are saving for retirement, have childcare expenses, and an outstanding mortgage of $250,000, the results are:

Obama: $3,327    McCain: $0

Ok, so maybe you are filing as the head of the household, make between 50 and 70 thousand a year, have two kids, college expenses, and a mortgage of $50,000:

Obama: $805     McCain: $270

How about you make 75,000-100,000 a year, are single, have no dependents, college expenses, or mortgage?

Obama: $250     McCain: $0

To be fair, it doesn’t calculate taxes for income above $200,000 a year.  For all the Republican faithful like to make noise about Democrats raising taxes, its pretty clear who will actually lower taxes where it counts.

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