Home > How Will the Presidential Election Results Impact Your Taxes?

How Will the Presidential Election Results Impact Your Taxes?

October 15th, 2008 at 04:51 pm

I stumbled upon this interesting

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calculator that lets individuals estimate the impact on their taxes for the next four years, based on the candidates' promised tax plans.

Personally, I do not put much store in political promises and will not be voting based on how much money I can save on my taxes. It is far more important to me to vote for the candidate whose policies I believe will more likely result in saving lives, creating jobs, and enabling Americans to afford the basic necessities (i.e., health care, housing, food, gas, etc.).

Which candidate to choose? Well, here's a
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quiz to see which candidate you align with philosophically. This is one of MANY candidate quizzes/calculators, something I don't remember from the last election.

4 Responses to “How Will the Presidential Election Results Impact Your Taxes?”

  1. M E 2 Says:

    Either candidate can promise anything/everything they want. I am amazed by the number of adult people in this country who have no clue that Congress has all the real power. If they say no, the President is more or less screwed. @@

    Bill Clinton promised national health care and to the best of my knowledge, some 15 years after he was first elected, we don't have it. I guess that makes him a liar and an awful President. Right?

  2. fern Says:

    Anyone can promise anything they like, but some of these proposals are simply unrealistic given our staggering federal deficit. Just like in our own households, we can't expect to keep borrowing and never pay the piper.

  3. nance Says:

    So true. Many people vote based on what they THINK is going to benefit them personally. People have short memories. They have believed any candidate that promised them "freebies". M E 2, is so right. 16 or 17 years ago Clinton "promised" free health care, and lower taxes. Right!
    There is no way that we will ever see everything that has been promised, especially with the huge debt we have now, and the bigger debt we would have if we were "given" all that has been promised.
    What happened to personal responsibility? If Obama is elected, 44 per cent of the population won't even pay taxes, but will receive a fat check every year. How is this going to be paid for? You'd better believe we will all pay for it.

  4. fern Says:

    Please show me where it says that 44% of Americans will get a check, not a tax bill, if Obama is elected.

    We will still be paying taxes, i assure you; Obama has talked about tax credits for lower and middle income Americans financed by an excise tax on excessive oil industry profits and by raising taxes on those Americans who earn more than $250,000 a year.

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