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Obama or Romney? Which Tax Plan is Best for You?

Website tells you the impact of presidential candidates' tax plans.

By now, voters have heard plenty of rhetoric from both presidential candidates and both parties. But, it’s no secret that voters cast their ballots with their wallets as much as anything.

Both President Obama and Mitt Romney have very different ideas on how to jump-start the economy. The website politify.com has devised an algorithm to help voters decide how each candidates’ plan will affect them.

You can find out by clicking HERE and putting in your data.

Obama has said he plans on raising taxes on high earners and ease the burden on middle income families.

Gov. Romney has said he plans on cutting taxes across the board by 20 percent of their current rates. But Romney has also made clear his intention of closing tax loopholes like the Earned Income Tax Credit and Mortgage Credit. So, while many might see their taxes rates go down, that could be offset by the loss of tax credits.

If you are concerned about which plan will bring down the debt you can find that out by clicking HERE.

Election Day is Tuesday, Nov. 6.

Bill Coen November 04, 2012 at 11:29 PM
I don't see where they would be able to do a flat tax, value add tax, or sales tax. These plans would have no provision for paying out welfare (earned income credit)
stanley seigler November 05, 2012 at 12:45 AM
re: In the end, neither plan serves the people of this country because under both plans we'll continue to drown in a sea of debt...[alex] for sure under GOP policies...but DEM policies will reduce debt... % debt increase under W and BO W 12/31/2008: 15.9% INCREASE; TRENDING WORSE BO 12/31/2009: 15.7% INCREASE; TRENDING BETTER BO 12/31/2011: 7.8% INCREASE; TRENDING BETTER BO 06/30/2012: 4.8% INCREASE; TRENDING BETTER http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP- and under CLINTON: debt increase 1.3x; under W increase 1.8x and under BO has increased 1.3x. oh/and under RR increased 2.6x... http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-and-by-Presidental-Term.htm ie, DEM policies under clinton were reducing debt...slick willie had surplus budgets...then along came W and reversed clinton's gains...trends. now BO has to return to the clinton days... after 8 yrs of failed W/GOP policies...
Alex Saitta November 05, 2012 at 03:26 AM
Both parties contributed greatly to the debt problem. I'm a conservative Republican, but I have to admit the situation went from bad to worse under Reagan. Before Reagan deficits scared everyone, so they were controlled. After Reagan ran year after year of deficits, we all got comfortable with annual deficits. In a sense that rising comfort level with deficits gave both parties the courage to deficit spend like they never did before. Reagan had a justification to run deficits -- build up defense and run the USSR out of business. Once that was done, government spending should have been pulled in. It wasn't. FDR is to blame for the start of the welfare state. Likely many of those programs were justified in the 1930's at the level they were at, but again those programs were taken too far by those who followed, mainly LBJ. To say the Dems reduced deficits, you'd have to ignore Obama, LBJ and JFK. All three ran deficits each year they were president. Both parties contributed greatly to massive debt. I think our political leaders need to move beyond the argument of who caused the huge debt -- both parties did, and move on to solving the problem.
stanley seigler November 05, 2012 at 06:26 AM
nice to have an exchange w/o adhomes...perhaps minds will change... caveat: as a bleeding heart i am biased...and do not believe...have not seen evidence...no-reg free market policies work. re both parties for sure...all have 'sinned and fallen short' of the intent of our founders... so what do we do now...ie, 'leaders (and we the people) need to move beyond the argument of who caused the huge debt. opine: it (the debt) is not the problem partisan politicians have made it...easily solvable with compromise...eg, boles/simpson; 10 to 1, spending cuts to revenue; creating jobs (thus creating revenue) VICE making BO a one termer JOB#1... moving on: re: FDR is to blame for the start of the welfare state. FDR improved the general welfare of our country...eg, know anyone who wants to give up their SS...have any idea where old folks and those with disabilities would be w/o SS...ie, know anyone who wants to BLAME FDR for their SS payments... does anyone want to repeal FRD programs and return to the roaring 20's and 1929... 'The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have little.' Franklin D. Roosevelt
martin, bob November 05, 2012 at 08:30 AM
Romneys plan creates growth, Obamas does not.

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