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Obama Romney Taxes
By Gregory Ferenstein


How much cash would you have in your pocket if Barack Obama were elected? Two Berkeley students have created a fun web app, Politify, that you lets you find out how each candidate would affect your pocketbook, based on your age, income, and number of dependents. Politify's predictions are based off of non-partisan economic models of each candidate's proposed tax plans. Users can also see the impact on their neighborhood, city, or the whole country.

The inviting user interface is enough to make up for the fact that the economic implications of an election are nearly impossible to predict and the fact that Mitt Romney has infamously refused to reveal details about his tax plan. The app also can't tell users how likely they are to lose their job, the impact of healthcare costs, depreciation of the dollar, costs of foreign wars, or any of the indirect costs associated with different fiscal policies.

Still, it's a fun app. Play it here.

This story originally was originally published by TechCrunch.



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TurboTax Articles

Does Everyone Need to File an Income Tax Return?

Not everyone is required to file an income tax return each year. Generally, if your total income for the year doesn't exceed the standard deduction plus one exemption and you aren't a dependent to another taxpayer, then you don't need to file a federal tax return. The amount of income that you can earn before you are required to file a tax return also depends on the type of income, your age and your filing status.

How to Write Off Sales Taxes

The Internal Revenue Service (IRS) permits you to write off either your state and local income tax or sales taxes when itemizing your deductions. People who live in a state that does not impose income taxes often benefit most from this deduction. However, you might also be better off deducting sales taxes instead of income taxes if you make large purchases during the year and your total sales tax payments exceed those for state income tax. You can use either the actual sales taxes you paid or the IRS optional sales tax tables.

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Chris

OBAMA

September 02 2012 at 2:48 PM Report abuse rate up rate down Reply
Adele

http://thinkprogress.org/election/2012/08/24/739271/seniors-will-pay-60000-more-for-medicare-under-romneyryans-plan-report-finds/

REPORT: Seniors Will Pay $60,000 More For Medicare Under Romney/Ryan Plan
By Igor Volsky on Aug 24, 2012 at 9:53 am

August 26 2012 at 6:42 PM Report abuse +2 rate up rate down Reply
Adele

REPORT: Seniors Will Pay $60,000 More For Medicare Under Romney/Ryan Plan
By Igor Volsky on Aug 24, 2012 at 9:53 am

August 26 2012 at 6:38 PM Report abuse +1 rate up rate down Reply
1 reply to Adele's comment
Chris

I AGREE WITH YOU, ADELE

September 02 2012 at 2:51 PM Report abuse rate up rate down Reply
democracks0

Obamas a fiasco

August 26 2012 at 2:51 PM Report abuse -3 rate up rate down Reply
democracks0

GladObamawillbegonein2012

August 26 2012 at 2:49 PM Report abuse -3 rate up rate down Reply
granaryst

Obama is not trying to make us into a Socialist Nation like the Europeans, but like the Mexicans. The richest man in the world is a Mexican and he controls the Mexican government through bribes and intimidation. Therefore he is in effect the Mexican people's slave master. Socialism promises equal distribution of wealth but delivers poverty for all but the ruling elite. Get it?

August 26 2012 at 5:55 AM Report abuse -2 rate up rate down Reply
ha6ai

Everyone will be poorer with Obama, and richer with Romney.

More importantly, we will all be much freer, and preserve our liberlties and "inalienable rights", with Romney.

August 25 2012 at 2:25 AM Report abuse -1 rate up rate down Reply
democracks0

Joe Biden would have used the word see Y'all later. He learned that from Hillary and Al Gore when they did their preacher stunts in front of African American audiences. They were embarrassing but not as embarrassing as Maxine Waters said Obama was when he did his preacher stunt in front of the Black Caucus.

Maxine said Obama was inauthentic.

August 24 2012 at 9:10 PM Report abuse -2 rate up rate down Reply
democracks0

Bill Clinton is the perfect example and represents family values. Cheating on his wife in the White House and then lying about it. And poor Chelsey.

And all those other affairs Bill had when he was govenor. tsk tsk.

August 24 2012 at 9:06 PM Report abuse rate up rate down Reply
whackjobtwo

see u later u all, oops there's only one person on the board.

August 24 2012 at 9:03 PM Report abuse +1 rate up rate down Reply