Calculation Tool Estimates Tax Burden Under McCain and Obama Plans

28 October 2008 - 2:52pm
October 28 - Jeff Gramlich, an accounting professor at the University of Maine, recently created a tax calculator that allows individuals to compare their tax burdens under McCain's and Obama's proposed tax plans. The calculator uses numbers and findings from the Tax Policy Center, and outlines all of the assumptions that it makes. It does not account for any changes in a person's tax burden due to health care expenses because of differences in the way that Obama's and McCain's health care plans interact with the tax system.