The Presidential Election and My Income Taxes

Have you ever wondered how much your taxes would be affected by each candidate for the 2016 presidential election?  Find out with this online calculator.

Simply scroll down and enter your annual income, whether you’re single or married and how many children you have:

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Entering my own info, I get:

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If Ted Cruz is elected, I save $10,420.   On the other hand, If Bernie Sanders wins, I pay $14,040 more – yikes!

Of course, I’ll try not to let taxes influence my vote, but a difference of $24,460 is hard to ignore.  According to personal finance guru and early retiree Mr. Money Mustache, an entire family can live on just $24,000 a year in Colorado.  Now that’s food for thought.




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