Calculate Your Taxes Under Obama’s Vs. GOP’s Tax Cut Proposals
Citizens for Tax Justice
has just released an interactive tool that calculates what you would pay in taxes should Obama’s tax cut extension pass, should the GOP’s tax cut extension pass, or should the Bush tax cuts simply expire.
Try it out!
Use the Basic Calculator if you are an employee, your income comes entirely from your wages or salary, and you take the standard deduction.
Use the Detailed Calculator if you have other types of income or if your situation is more complicated