[arichtaxpayer]

My parents get social security and a pension. They checked theirs too, and said that they would be paying more.

[Sisku Hanne]

I'm going to trust info from a site called "Obama Tax Cut"? Not hardly.
Welcome to FR.

[Ilya Mourometz]

Putting our income in, it shows that we’d get more of a cut under Obama. Even if that’s true, it’s beside the point. The point is that we don’t want to take more taxes from those persons who actually create jobs (i.e., small businesses) and the ones that create the most jobs are those in the $250k plus range. It’s an economic issue, not a personal issue, though most people will look at these numbers.

It is interesting, however, that retirees will do worse under Obama. That’s very significant and something that needs to be looked into.

That said, these sorts of things are basically wild guesses. The President doesn’t set tax policy, Congress does. I expect that even Obama’s plan will look much, much worse when the Dem congress gets ahold of it, as will McCain’s.

[RC2]

To those that just don’t get it......Obama wants to raise taxes on companies making over $200,000. When this happens, those companies will raise their prices to cover the additional taxes. The little guy will pay those higher taxes (basically, it’s a tax increase on the poor).

[perfect_rovian_storm]

What a bunch of crap. Obama wouldn’t ever lower ANYONE’S taxes.

[A message]

My calculation stated if I worship 0bama and take a mark I will get a BIG tax cut.

[feedback doctor]

I would bet anything that I have that gas taxes would be raised under Obama. Is he gonna say this isn’t a tax increase? Of course the increase in gas prices due to a permanent ban on drilling can’t technically be called a tax increase.

[bamabound]

Bogus site
The link takes you to http://alchemytoday.com/obamataxcut/

Keep clicking http://taxpolicycenter.org/

A little better info, if you’re an accountant

[conservative gal in PA]

Is this tax before or after the Bush tax cuts expire?

[Sgt_Schultze]

It's much worse. Read this about the dems in Congress planning to disallow deductibility of 401K contributions AND adding an extra 5% (NEW) tax on every worker's pay from dollar #1. That's a helluva big tax increase for the 95% expecting a tax cut.

[ari-freedom]

but we all know that as soon as he takes office, Obama will sadly announce that as a result of unforeseen circumstances, all Americans must share in the sacrifice and give up their tax cut for the sake of the country.

[BAW]

Ummm, a major falacy with this calculation is assuming that Senator Obama will do as he says. Not likely. And history suggests otherwise. The trust factor is very low for him. that makes this tax cut calculation a bunch of hogwash.