Your tax calculator under Presidential candidate plans

[Riot]

Calculate your income tax under Obama and Romney's proposed tax plans.

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

[Thepaindispenser]

Awwwww, isn't that special, Riot really believes that a known pathological liar like Obama is fairly presenting Romney's and his own tax plans on his own site.

[geeker2]

I put in I made $300K and it asked me for a donation.

I then put in $20K and it said don't worry I will get you some cash from the previous person -he didn't earn it.

[timmgirvan]

Originally Posted by geeker2

I put in I made $300K and it asked me for a donation.

I then put in $20K and it said don't worry I will get you some cash from the previous person -he didn't earn it.

[Thepaindispenser]

Great response Geeker! Love it!

[Clip-Clop]

I would love to see the algorithm behind that calculator that makes it always rosey no matter the income level you use. You just keep saving but it hasn't any effect on the deficit, only Mitt "explodes the deficit".

[pointman]

Originally Posted by geeker2

I put in I made $300K and it asked me for a donation.

I then put in $20K and it said don't worry I will get you some cash from the previous person -he didn't earn it.

This qualifies as one of the best all time posts!

[Riot]

Originally Posted by Clip-Clop

I would love to see the algorithm behind that calculator that makes it always rosey no matter the income level you use. You just keep saving but it hasn't any effect on the deficit, only Mitt "explodes the deficit".

The algorithm is published at the bottom of the page.

[Clip-Clop]

Originally Posted by Riot

The algorithm is published at the bottom of the page.

You aren't really creating a legitimate staatistical model when you use the word assume over and over.

[3kings]

Originally Posted by geeker2

I put in I made $300K and it asked me for a donation.

I then put in $20K and it said don't worry I will get you some cash from the previous person -he didn't earn it.

Post of the year!

[Riot]

Originally Posted by Clip-Clop

You aren't really creating a legitimate staatistical model when you use the word assume over and over.

This isn't a "statistical model". The Romney Budget Plan is thin, but public. You can find it on his campaign web site and do the calculations yourself with your own income. As the man is candidate for President, his Budget Plan has been analyzed in detail by multiple object sources which are publicly available to you at the click of a mouse.

All agree that the Romney Budget Plan financially harms the middle class and poor by increasing their taxes, while providing major tax cuts to the wealthiest, and increasing the deficit by trillions over the years.

From the website calculator I linked to, it shows this is generously skewed to give the Romney Plan the benefit of doubt, but still shows the plan causing massive tax increases for the poor and middle class.

The impact of Mitt Romney’s tax plan is based on an analysis by the nonpartisan Tax Policy Center, which determines the tax increase or tax cut the average family in each income group would face if Romney paid for his $5 trillion tax plan by cutting tax benefits.

The Tax Policy Center uses income thresholds based on “cash income”, a measure broader than AGI commonly used by TPC. The calculator is intended for information purposes only.

[Clip-Clop]

Because the tax code is complex, the calculator makes a number of simplifying assumptions that may differ from the circumstances of any particular user. It assumes all income is from wages. For married filers, it assumes that income is split evenly between two earners. It assumes that income does not vary over the years analyzed. It assumes that taxpayers claim the standard deduction for the purpose of analyzing the impact of the expiration of the middle class tax cuts. The impact of Mitt Romney’s tax plan is based on an analysis by the nonpartisan Tax Policy Center, which determines the tax increase or tax cut the average family in each income group would face if Romney paid for his $5 trillion tax plan by cutting tax benefits. The analysis assumes that Romney eliminates all tax benefits, except those for savings and investment, for households earning over $200,000, and reduces those benefits for households earning under $200,000 to cover the rest of the cost – resulting in a reduction by more than half. The Tax Policy Center uses income thresholds based on “cash income”, a measure broader than AGI commonly used by TPC. The calculator is intended for information purposes only.

Clearly this is the best example of how Obama is protecting us from higher taxes.

[Riot]

Originally Posted by Clip-Clop

Because the tax code is complex, the calculator makes a number of simplifying assumptions that may differ from the circumstances of any particular user. It assumes all income is from wages. For married filers, it assumes that income is split evenly between two earners. It assumes that income does not vary over the years analyzed. It assumes that taxpayers claim the standard deduction for the purpose of analyzing the impact of the expiration of the middle class tax cuts. The impact of Mitt Romney’s tax plan is based on an analysis by the nonpartisan Tax Policy Center, which determines the tax increase or tax cut the average family in each income group would face if Romney paid for his $5 trillion tax plan by cutting tax benefits. The analysis assumes that Romney eliminates all tax benefits, except those for savings and investment, for households earning over $200,000, and reduces those benefits for households earning under $200,000 to cover the rest of the cost – resulting in a reduction by more than half. The Tax Policy Center uses income thresholds based on “cash income”, a measure broader than AGI commonly used by TPC. The calculator is intended for information purposes only.

Clearly this is the best example of how Obama is protecting us from higher taxes.

Your taxes are at a 40-year historic low due to Obama. You're pretending differently doesn't make that untrue.

You've completely failed to point out why any of this is wrong. Your first highlight - why would you not want all income to be from wages? Is your own capital gains income greater than your wages? Doubt it.

The Romney Budget Plan is available on his campaign web site. His Budget Plan has been analyzed in detail by multiple objective sources which are publicly available to you at the click of a mouse.

All agree that the Romney Budget Plan financially harms the middle class and poor by increasing their taxes, while providing major tax cuts to the wealthiest, and increasing the deficit by trillions over the years.

Romney Budget Plan, according to objective analysts:
1. Massive middle and lower tax income tax increase
2. Major tax cuts to wealthiest individuals
3. Increases federal debt by trillions over years

Do you have any information to show this somehow magically isn't true, and all the analysts are wrong? Or is your only reply, "Obama sucks!"

[Clip-Clop]

Originally Posted by Riot

Your taxes are at a 40-year historic low due to Obama. You're pretending differently doesn't make that untrue.

You've completely failed to point out why any of this is wrong. Your first highlight - why would you not want all income to be from wages? Is your own capital gains income greater than your wages? Doubt it.

The Romney Budget Plan is available on his campaign web site. His Budget Plan has been analyzed in detail by multiple objective sources which are publicly available to you at the click of a mouse.

All agree that the Romney Budget Plan financially harms the middle class and poor by increasing their taxes, while providing major tax cuts to the wealthiest, and increasing the deficit by trillions over the years.

Romney Budget Plan, according to objective analysts:
1. Massive middle and lower tax income tax increase
2. Major tax cuts to wealthiest individuals
3. Increases federal debt by trillions over years

Do you have any information to show this somehow magically isn't true, and all the analysts are wrong? Or is your only reply, "Obama sucks!"

My taxes are higher.
You have no idea what I pay in taxes, so please do not try to convince me that mine are lower.
Please share with everyone the complete Romney economic plan including the tax expenditures portion that only you have seen apparently. With no assumptions and let everyone know what parts of the printed document will ruin the economy for the middle-class.

My reply is as always DC sucks and Obama is it's head right now.

[Riot]

Originally Posted by Clip-Clop

My taxes are higher.
You have no idea what I pay in taxes, so please do not try to convince me that mine are lower.

Your personal taxes are what they are. The truth is, that the federal tax rates, personal and business, are at a historic 40-year low.

Please share with everyone the complete Romney economic plan including the tax expenditures portion that only you have seen apparently.

The Romney Budget Plan was made public, is on his website, and the moment it was released, it was examined by multiple financial analysts in the news - try reading? Google? Listening to the evening news?

All agree that the Romney Budget Plan financially harms the middle class and poor by increasing their taxes, while providing major tax cuts to the wealthiest, and increasing the deficit by trillions over the years.

Romney Budget Plan, according to objective analysts:
1. Massive middle and lower tax income tax increase
2. Major tax cuts to wealthiest individuals
3. Increases federal debt by trillions over years

My reply is as always DC sucks and Obama is it's head right now

Then stop trying to pretend you pay attention to issues, and stop trying to pretend they matter, and stop interrupting threads that are trying to discuss issues with ignorance. If you only vote because Obama sucks, then be a low-information voter and be proud of it.

[Clip-Clop]

I want you to share the entire plan that you have seen, not someone else's opinion you read in some paper or blog about the plan. Please include the parts not public yet.

[Riot]

Originally Posted by Clip-Clop

I want you to share the entire plan that you have seen, not someone else's opinion you read in some paper or blog about the plan. Please include the parts not public yet.

Here you go: Mitt's entire budget plan -

but, no, LOL - I cannot magically include "parts not public yet" (what the hell do you mean by that, it doesn't make any sense!?)

http://www.mittromney.com/blogs/mitt...middle-class01

Go to the bottom, and click where it says Click here to download a printable copy. to get the detail

Then, go on Google search, and enter mitt romney economic plan 2012 and click. You will get pages and pages of detailed analysis and copies of his plan.

Clip-Clop: Romney has released a Budget Plan. It is what it is. It:
1. Raises taxes on middle class and poor
2. Massive tax cut for wealthy
3. Increases our debt by trillions over the years.

You are free to show how it doesn't do that. The ball is in your court now.

Romney's budget plan is very close to the Paul Ryan Budget Plan, which does the same thing (but Mittens has more tax cuts for the wealthy)

[Clip-Clop]

Originally Posted by Riot

Here you go: Mitt's entire budget plan -

but, no, LOL - I cannot magically include "parts not public yet" (what the hell do you mean by that, it doesn't make any sense!?)

http://www.mittromney.com/blogs/mitt...middle-class01

Go to the bottom, and click where it says Click here to download a printable copy. to get the detail

Clip-Clop: Romney has released a Budget Plan. It is what it is. It:
1. Raises taxes on middle class and poor
2. Massive tax cut for wealthy
3. Increases our debt by trillions over the years.

You are free to show how it doesn't do that.

It's very close to the Paul Ryan Budget Plan, which does the same thing (but Mittens has more tax cuts for the wealthy)

I have read the plan, I am certain you have not. Since you never seem to read anything other than opinion pieces. I am looking for the specific numbers without any assumptions that prove what you and the magic calculator have asserted.

[Riot]

Originally Posted by Clip-Clop

I have read the plan, I am certain you have not.

Then post you copy of Romneys Budget Plan here. Thanks!

I'm not a financial analyst, so I leave that to the professionals, and listen to their opinions.

As you say you have read Romney's Budget plan in detail, please show where the public financial analysts, who put their analysis out there for peer review, are wrong about Romney's plan:

1) increasing taxes for the middle and lower class
2) giving massive tax breaks to the wealthy
3) decreases our income and causes our deficit to rise by trillions over the years.

Because Clip Clop, you are the only person I've seen take this stand. So please, show us where all the other public financial analysts are wrong. What are they wrong about? Does it not raise middle class taxes? Does it not increase the deficit? What part is wrong?

[Clip-Clop]

OK