In article <J82Lk.2559$r_3.1418[at]nwrddc02.gnilink.net> ,
Phil Marti <prm20871[at]verizon.net> wrote:
- quote -

I believe they exist, because that's the way to specify taxes.

- quote -

That's correct. If their proposals are only at the level of "I want
to lower taxes" there wouldn't have been "independent" analyses of who
would be affected how much.

Seth

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way111[at]gmail.com wrote:
- quote -

I certainly didn't read the whole thing, but skimmed it concentrating on
the conclusion and the appendix, where the "good stuff" is, such as
how forecasting and modeling was handled.

The whole analysis is primarily concerned with wage income earners.

There is also the issue of credits. Some folks actually consider
credits not received as part of their tax rate. IMO, kind of like
considering unemployment compensation not received as a reduction in
your wages.

-Mark Bole

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Here's a really detailed analysis of the effect of each plan on
marginal tax rates:

http://www.taxpolicycenter.org/Uploa..._proposals.pdf

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"Seth" wrote:

- quote -

If you already know that these brackets exist, why are you asking? I
suspect it's because you assume there's that level of specificity in the
candidates' proposals, not because you've seen it.

For reasons noted before I've paid scant attention to the campaign babble
about taxes. The one general thing I vaguely recall about individual income
tax rates is that Obama would restore the higher rates eliminated by the
"Bush tax cuts" which capped it at 35%. I've also heard rumblings about
$200,000 and $250,000 from both sides, but except for filing status MFS even
$250,000 of taxable income is only in the current 33% bracket, so I don't
know what they were talking about other than Joe the Plumber. I believe
McCain is also proposing cutting the corporate rate.

Beyond that affiant sayeth nothing.

--
Phil Marti
Clarksburg, MD

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In article <s%PKk.5874$YU2.3534[at]nlpi066.nbdc.sbc.com> ,
Mark Bole <makbo[at]pacbell.net> wrote:
- quote -

Nobody is asking for them to.

Right now, the Tax Tables have a small number of brackets and rates.
Each candidate's plan uses different ones. What are they?

(Yes, the relative amount of earned income, Capital Gains (of various
types), dividends, etc. will affect the overall taxes owed differently
under the different plans. That's acknowledged. But it doesn't
prevent the question from being answered, say under the assumption
that all income is earned.)

Seth

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joetaxpayer wrote:
- quote -

Two comments that meet your criteria:

1) You're looking for a level of detail that does not yet exist. After
all, the "candidates" don't make tax law, so how could they provide
worksheets that cover all situations in detail?

Perhaps each political party should provide free tax predictor game
software, just enter your AGI and see if you can guess the result? The
player who guesses closest, wins! ;-)

2) Taxes, like government overall, should be considered in a context
that extends beyond just one year and just one person or family.

-Mark Bole

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Note: Do not reply with any political comment or attack against either
candidate. Those replies will not be approved.

I've seen examples comparing both candidates plans, and it appears to me
that he graphic created is from the same data source. They all offer the
tax for incomes of $161K-$227K as a group, with the next group as $227K
to $603K. I've searched for some time now for a chart or calculator
which will offer the tax implication in between. When a client with AGI
of $250K asks how his taxes will be impacted, there's really no good
response as these ranges are too wide.

Anyone come upon data with better granularity?

Joe

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >