Calculate your family's federal income tax liability under the likely scenarios related to the expiring Bush tax cuts and Obama's plan:
Here is a more complete calculator. It takes longer to complete but comes up with the same numbers. Well, actually, the scenario with all tax cuts expiring shows DH & I owing $9 more than with the other calculator.
Now that there are two calculators out there with nearly the same numbers, I think that maybe the same assumptions in the rates/percentages are applied.
"See, the thing is - yes, my taxes would supposedly go down in either scenario. But who's going to pay for the enormous debt we're accruing with the (imho) out of control spending going on"
I don't remember that...I do remember that they were hoping that things would start to show a turnaround, but certainly not be all better.
I knew that wasn't going to happen because our unemployment was higher than that at that time and we don't have any diversity with regard to types of businesses.
Costs were skyrocketing before anything was passed, so not sure how you can blame Obama for that.
"There are at least 5 or 6 Democratic Senators and probably 40-50 Democratic Congresspeople who would barely be considered to the left of the spectrum. "
Being 1 click right of Nader doesn't make one conservative no matter how much CPUSA wants people to think that.
This calculator would be great if it also told people how much the price of goods would go up to cover the added tax burden companies will have to pay factoring in the additional loss of jobs from corporate flight from those taxes.