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
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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.
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Ma Perkins
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