The Tax Foundation has an interesting chart that shows a comparison of what your federal tax bill would be, assuming no children and standard deduction, without the Bush tax cuts. It's surprising to me that both Democrat candidates for president have promised to rescind Bush's tax cuts, and a lot of people who complain about not being able to make ends meet are still going to vote for whichever of the two wins the nomination.
Here's your homework assignment: Go to the chart and see the difference between how much you'd be paying if the cuts were not in effect and how much you pay as a result of the cuts. Multiply your answer by four and that's what a Democrat in the White House for the next four years is going to cost you - at a minimum.
Speaking of taxes here's an interesting factoid: The share of federal income tax needed to fund Social Security and Medicare in 2010 will be 8.6%. By 2050, however, largely because the Democrats have blocked all attempts to reform the system, it will grow to 76%.
RLC
