From the Tax Prof Blog: "ATR Releases 2008 Election 401(k) Tax Calculator." Link to the calculator is here (see left-hand column). Press release is here. The calculator asks a voter to input the curent value of his or her 401(k)…
From the Tax Prof Blog: “ATR Releases 2008 Election 401(k) Tax Calculator.” Link to the calculator is here (see left-hand column). Press release is here.
The calculator asks a voter to input the curent value of his or her 401(k) account. Then, it recalculates what their 401(k) will be worth under four different tax scenarios:
The Obama plan to raise the capital gains and dividends rate to 20%
The McCain plan to cut the corporate income tax rate from 35% to 25% and allow for immediate expensing instead of long depreciation
The Hill Democrat/Obama-in-the-Primaries plan to raise the capital gains tax to 28% and the dividends tax to 39.6%
The ATR plan to cut the capital gains and dividends rate to 0%, cut the corporate rate to 25%, and allow for immediate expensing.
Dr. John Rutledge (http://www.rutledgecapital.com) discusses the calculator here in a video.