We’ve heard a lot about taxes in this campaign- but does anyone really know what they stand to save when either of the candidates are elected? All this talk about dollars and percentages, tax credits, retirement savings – it’s a lot.
So the Obama campaign has made it very simple. This new Obama Tax Cut Calculator explains exactly what you or your household stand to save under his administration.
Your income is $20,000/year (or less), you’re single with zero dependents and zero child care costs, you’re under age 65, do not have a mortgage and do have college expenses – you would receive a $1,000 tax savings from Obama with a $4,000 tax credit to put toward college expenses. It also shows that under McCain, you would receive a $0 savings.
Learn more about Obama’s and McCain’s positions on education.