Obama's Calculiar

LIARS "If you're trying to change minds and influence people it's probably not a good idea to say that virtually all elected Democrats are liars, but what the hell." TRKOF&S “ This calcu-liar is absurd when you consider that under Obama  congress can no longer balance the budget even if it shut down government.  Add to that Obama's reputation as a liar on the scale of the Clintons, and pooof!  Here's some guy's quick analysis.  More detailed breakdowns will surely be forthcoming. 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. Ma Perkins