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Old June 16th, 2008, 01:55 AM     #3 (permalink)
RADAR1797
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Join Date: Oct 2001
Location: Pentagon, VA
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Quote:
Originally Posted by Tax Policy Center
This speculation is interesting but mostly academic. These figures are not absolutes for three reasons. First, we’re dealing with politicians, so their proposals might change as they hammer out details, talk to advisers, and determine what strategy will get them into office. Second, their opinions may change once the winning nominee is sworn in to office. Third, any policy changes have to find their way through Congress first, where compromises must be negotiated before anything gets done.

Additionally it does not cover earned income credit nor how certain tax incentives play into their accounting. I would also like to know if this is just the Federal Income Tax or if it includes Social Security and Medicare withholdings.
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