CTJ Updates Online Tax Calculator

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Citizens for Tax Justice has updated its online tax calculator to include all of the likely scenarios for tax policy in 2011. The calculator tells you what your taxes will look like in 2011 if:

1. All the Bush tax cuts expire (which no one expects to happen),

2. Congress enacts President Obama's proposal to extend the Bush tax cuts completely for 98 percent of taxpayers along with some additional tax cuts that were included in the American Recovery and Reinvestment Act (ARRA).

3. Congress enacts legislation to extend those parts of the tax cuts exempt under the PAYGO law (the tax cuts exempt under PAYGO are similar to, but not exactly the same as, the tax cuts in President Obama's proposal),

4. Congress extends all the tax cuts enacted under President Bush and none of the tax cuts in the recovery act. (This is the Republican proposal, S. 3773, as introduced by Senator Mitch McConnell.)

See CTJ's online tax calculator.

Thank you for visiting Tax Justice Blog. CTJ and ITEP staff will soon retire this domain. But ITEP staff are still blogging! You can find the same level of insight and analysis and select Tax Justice Blog archives at our new blog, http://www.justtaxesblog.org/

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