The election is coming up…which tax plan are you voting for?
With tax season almost over and done with (glory hallelujah!), let's switch our focus over to a more relaxing topic:
Tax proposals for the 2016 presidential election.
(Yeah, we were just kidding about that “more relaxing” part.)
A Campaign Promise = A Tax Proposal
In the midst of all the soapboxing and the media hoopla that comes with it, it's easy to forget that every campaign promise comes with a price tag. Healthcare, military, education, you name it…if there's something you want your candidate to do in office, you'd better be ready to pay for it.
Oh, and if a candidate says he/she won't increase taxes? Better check to make sure you're not watching the comedy channel instead of the news.
So How Should the President Use Your Money?
Fortunately, a group of money-minded folks like us have put together an infographic that lays out the tax proposals presented in each of the primary candidates' campaigns. It compares current tax rates against their stances on income, corporate, payroll and so much more.
(Note: this infographic was put together at the end of 2015, which means a few of these tax plans have been packed away into mothballs by now.)
The Bottom Line
It's fine to debate the merits of giant walls versus email scandals and all the rest of it. But the numbers might tell you a lot more than the news does. Check out these tax proposals and see what you think!