See Bush vs. Obama vs. Pre-Bush

Posted by Andy
Want to see what your taxes would look like if the Bush tax cuts are left to expire? What about what they would look like under President Obama's proposed tax structure? This website will give you a quick look at just some of the main changes between the different administrations.

Bottom line, if the Bush tax cuts are allowed to expire for everyone, we are all looking at some major tax increases. Fortunately, I don't think anyone expects this to happen in an election year. This will bode well for lower income brackets, but I don't think anyone expects much relief for the higher income brackets.

So check it out, and see how politics can really impact your bottom line (to the tune of thousands if you have multiple kids)

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The content on this blog (www.acollinscpa.blogspot.com) is my personal opinion based on my study and understanding of tax laws, policies and regulations. It’s provided for your private, noncommercial, educational and informational purposes only. It’s not a recommendation or endorsement of any company or product. It should not be relied upon as specific tax advice for your personal situation. I strongly suggest that when it comes to filing your taxes, you get additional, professional guidance from individuals who are familiar with your specific circumstances. Those who choose to rely solely upon the information on this site do so at their own risk and peril, and cannot hold the author liable in any form or fashion.

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