TAX CALCULATOR TO COMPARE McCAIN vs. OBAMA

I haven't read any fact-checking about this program but it seems to agree with what I know about the differences between Obama and McCain on taxes.

Online tool estimates taxes under McCain, Obama
Sep 26 04:35 AM US/Eastern
By JERRY HARKAVY
Associated Press Writer


PORTLAND, Maine (AP) - Voters whose bottom line is taxes can use a new online tool to calculate what their own bottom line would be with the IRS under a Barack Obama or John McCain administration.

The model developed by a business software company and an accounting professor in Maine estimates how individual income taxes would be affected under plans put forth by the two presidential candidates.

The Portland-based company Quantrix says taxpayers who log onto

http://www.electiontaxes.com

and enter their income can obtain a free estimate of what they would pay in taxes for 2009 through 2012 under each of the two presidential candidates.

For example, the model indicates that a couple with two children earning $100,000 with $20,000 in itemized deductions would have a net tax bill for 2009 of $9,555 under McCain and $9,002 under Obama. That compares with a $9,505 tax bill for this couple under current law, the electiontaxes.com site says. In another example, a single taxpayer making $50,000 and using the standard deduction would pay $6,867 under McCain and $6,325 under Obama, compared with $6,827 under current law.