DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - WSJ graphic explains Obama tax policy vs Bush tax policy for 2011

**7kitthuptarill** · 08-01-2010, 11:31 PM

Amid the hyperbole on both sides of the argument as to whether the Bush tax cuts should be replaced by a new tax cut structure offer by the Obama administration, the WSJ breaks it down to exactly how much in taxes people in various income windows would pay in either scenario.

WSJ: http://online.wsj.com/article/SB1000...592147682.html

$25k Single parent / one child: $400 tax savings - The switch to Obama's tax plan would result in a $400 tax credit to this household over Bush's tax plan.
$50k Married couple / two children: $800 tax savings - The switch to Obama's tax plan would result an $800 tax savings to this household over Bush's tax plan.
$85k Married couple / two children: $800 tax savings - The switch to Obama's tax plan would result in an $800 tax savings to this household over Bush's tax plan.
$60k Single / no children: $400 tax savings - The switch to Obama's tax plan would result in a $400 tax savings to this household over Bush's tax plan.
$150k Married couple / two children: $800 tax savings - The switch to Obama's tax plan would result in a $800 tax savings to this household over Bush's tax plan.
$300k Married couple / two children: $3,995 tax increase - The switch to Obama's tax plan would result in a $3,995 tax increase to this household over Bush's tax plan.
$500k Married couple / no children: $6,442 tax increase - The switch to Obama's tax plan would result in a $6,442 tax increase to this household over Bush's tax plan.
$1 million Married couple / no children: $53,175 tax increase - The switch to Obama's tax plan would result in a $53,175 tax increase to this household over Bush's tax plan.

08-01-2010, 11:31 PM	#1
7kitthuptarill Join Date Oct 2005 Posts 494 Senior Member	WSJ graphic explains Obama tax policy vs Bush tax policy for 2011 Amid the hyperbole on both sides of the argument as to whether the Bush tax cuts should be replaced by a new tax cut structure offer by the Obama administration, the WSJ breaks it down to exactly how much in taxes people in various income windows would pay in either scenario. WSJ: http://online.wsj.com/article/SB1000...592147682.html $25k Single parent / one child: $400 tax savings - The switch to Obama's tax plan would result in a $400 tax credit to this household over Bush's tax plan. $50k Married couple / two children: $800 tax savings - The switch to Obama's tax plan would result an $800 tax savings to this household over Bush's tax plan. $85k Married couple / two children: $800 tax savings - The switch to Obama's tax plan would result in an $800 tax savings to this household over Bush's tax plan. $60k Single / no children: $400 tax savings - The switch to Obama's tax plan would result in a $400 tax savings to this household over Bush's tax plan. $150k Married couple / two children: $800 tax savings - The switch to Obama's tax plan would result in a $800 tax savings to this household over Bush's tax plan. $300k Married couple / two children: $3,995 tax increase - The switch to Obama's tax plan would result in a $3,995 tax increase to this household over Bush's tax plan. $500k Married couple / no children: $6,442 tax increase - The switch to Obama's tax plan would result in a $6,442 tax increase to this household over Bush's tax plan. $1 million Married couple / no children: $53,175 tax increase - The switch to Obama's tax plan would result in a $53,175 tax increase to this household over Bush's tax plan.
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