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	<title>Finance News Blog &#187; Bob Williams</title>
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		<title>Obama-GOP Compromise Tax Plan on TPC’s Tax Calculator</title>
		<link>http://www.financenewsblog.com/2010/12/obama-gop-compromise-tax-plan-on-tpc%e2%80%99s-tax-calculator/</link>
		<comments>http://www.financenewsblog.com/2010/12/obama-gop-compromise-tax-plan-on-tpc%e2%80%99s-tax-calculator/#comments</comments>
		<pubDate>Wed, 22 Dec 2010 13:00:00 +0000</pubDate>
		<dc:creator>Bob Williams</dc:creator>
				<category><![CDATA[Main Page]]></category>

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		<description><![CDATA[  In a flurry of lame-duck activity, Congress quickly passed the <a href="http://www.taxpolicycenter.org/taxtopics/Compromise_Agreement_Taxes.cfm">Obama-GOP compromise tax plan</a> and the president signed it into law. TPC has incorporated the new law into its <a href="http://calculator.taxpolicycenter.org/">Tax Calculator</a> so you can see how the act will affect individual tax bills.  
<br />

<br />
The <a href="http://calculator.taxpolicycenter.org/">Tax Calculator</a> lets you compare tax liabilities under the new tax law against what taxes would have been if Congress had simply extended all of the 2001-03 tax cuts or had allowed them to <a href="http://www.taxpolicycenter.org/taxtopics/Expiration_Bush_Tax_Cuts.cfm">expire as scheduled</a>. As in earlier versions of the calculator, you can look at ready-made examples or create your own case. See what taxes will be this year and what they’ll be in 2011. Turn on the <a href="http://www.taxpolicycenter.org/briefing-book/key-elements/amt/index.cfm">AMT</a> patch or see what would happen without it. There’s no better way to see how the new law will affect taxpayers.]]></description>
			<content:encoded><![CDATA[<p>  In a flurry of lame-duck activity, Congress quickly passed the <a href="http://www.taxpolicycenter.org/taxtopics/Compromise_Agreement_Taxes.cfm">Obama-GOP compromise tax plan</a> and the president signed it into law. TPC has incorporated the new law into its <a href="http://calculator.taxpolicycenter.org/">Tax Calculator</a> so you can see how the act will affect individual tax bills.  </p>
<p>The <a href="http://calculator.taxpolicycenter.org/">Tax Calculator</a> lets you compare tax liabilities under the new tax law against what taxes would have been if Congress had simply extended all of the 2001-03 tax cuts or had allowed them to <a href="http://www.taxpolicycenter.org/taxtopics/Expiration_Bush_Tax_Cuts.cfm">expire as scheduled</a>. As in earlier versions of the calculator, you can look at ready-made examples or create your own case. See what taxes will be this year and what they’ll be in 2011. Turn on the <a href="http://www.taxpolicycenter.org/briefing-book/key-elements/amt/index.cfm">AMT</a> patch or see what would happen without it. There’s no better way to see how the new law will affect taxpayers.</p>
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