Tom:

Thanks for the link -- interesting to see on the website.  I'll be interested to see if its "real" come next April.  The problem with the article that Scott linked to is the author's analysis is flawed.  He doesn't consider or factor the credits that Obama includes with his increase in the taxable rate.  Thats the point.  If you get a credit (not a deduction) less of your income is taxed, so, theoretically, although the tax rate is increased (by rolling back the Bush cuts) whay you actually pay is less because less of your income is being taxed.  Make sense?

Except it doesn't take into account the fact that he won't renew the 2001 and 2003 tax cuts resulting in a net increase in taxes.

Yes it does.  And it factors in the credits.  I'm not saying this to be condescending so please don't take it that way, but do you understand how tax credits work and why an increase in the taxable rate may well reduce the actual taxes paid?

Edited to clarify: The taxable rate increase in conjunction with application of tax credits is what I meant could result in a reduction in actual tax dollars paid.  Scott may understand tax credits, but I clearly don't understand English!

Though taxes on business will likely be going up. How do you think they will make up for the loss of revenue? (Hint, it won't be coming out of CEO's salaries....)

Obama has said that he will pull us out of Iraq , with that the US will no longer be bleeding 10 billion a week.  It makes me sick the money we are spending there.

Any non-partisan sites that might be able to be a little more objective?

Several.  Still, I'd fare better under Obama than McCain.  My partner will not.  He makes well over 250K a year so his taxes will likely increase -- yet he's still voting for Obama.  Go figure. 

We're lucky that our marriage doesn't count or our household income would be outrageous!

I guess the question is -- how exactly are we gonna pay for this war?  Won't it be through taxes?  Should we just stick it to the next generation?  Shouldn't we be responsible for the mess we've created?

Still, I'd fare better under Obama than McCain.  My partner will not.  He makes well over 250K a year so his taxes will likely increase -- yet he's still voting for Obama.  Go figure. 

I know many people in your partner's income bracket voting the same way.

I meant the loss of revenue for businesses due to the increase in costs due to taxes, Jodi. How do you think that money will be balanced out?

If I understand the question right, my feeling is that Obama is going after big companies that are turning in record profits, these companies have gotten tax break after tax break under Bush,  then they move their companies overseas. Halliburton for example has made boat loads of money and they just moved their headquaters to Saudi Arabian. The trickle down method does not work. Obama is wanting to get money into those who will go out and spend it, thus creating more revenue for business. Like the stimulus check, people did not bank that money, they went out and spent it.

My understanding too is Obama is going to offer small businesses a tax rebate. My husband is an accountant and he has looked at Obama's tax plan and unlike me he is an independent but he is solid for Obama.  

unlike me he is an independent but he is solid for Obama

Never underestimate the maxim -- happy wife, happy life. :o)