Ran some numbers through the Obamataxcut.com engine, and found something interesting (Note: this blogger is not interested in the Obama vs. McCain aspect of the site, which is meant to highlight the fact that a President Obama would cut taxes on more people than a President McCain would).
A single person with two children and an AGI of $10,000 a year would get a tax cut of just under $500. A two-earner family with two children and an AGI of $10,000 a year would get a tax cut of just under $600. Huh? This blogger wonders why anyone that incredibly poor would be paying any taxes at all! Tax cut, tax cut? How about tax elimination!
