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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

Will Medicare/Medicaid be Impacted by ACA?

The Affordable Care Act put in place significant tax-related programs that impact Medicare and Medicaid, such as increased Medicare taxes on earned and unearned income for high-wage earners, and Medicaid changes that increase the number of insured individuals. Establishing whether you are affected by the ACA-imposed taxes, or are eligible for certain health programs that fall under the Centers for Medicare and Medicaid Services, is determined by filing your income tax.

Understand and Avoid Health Care Reform Tax Penalties

The Affordable Care Act has brought new options for health care coverage to millions of previously uninsured Americans. While you can still choose not to purchase health insurance, that decision may come at a cost, beginning with the 2014 tax year. Eligible taxpayers who remain without insurance may be required to pay penalties, though there are exemptions for which you may qualify.

What Extra Tax Deductions Should I Make Sure To Take?

The federal government offers tax deductions and credits to reduce taxable income under certain circumstances. There are several that are often overlooked, including deductions for job hunting, caregiver expenses for dependents and children while you work, a credit to reduce taxes for moderate- to low-income earners and the premium tax credit associated with the Affordable Care Act. TurboTax can help determine if you qualify for these credits and deductions.

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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
mrspelosi

I know I have been richer under President Obama because he gave rich people like me a tax cut. And let us not forget all my insider trading too darlings

August 25 2012 at 3:51 PM Report abuse -1 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