Your tax calculator under Presidential candidate plans

[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".

[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.

[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.

[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!

[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!