I'm wondering about this so called tax cut that President Obama supposedly gave all of us. Here are the figures for my taxes this last year and this year: 2008-Married filing jointly: 2008 | Adjusted Gross Income $ 73,327.00 Federal | Taxable Income $ 40,042.00 Tax | Total Tax $ 4,201.00 Return | Total Payments/Credits $ 4,921.00 Summary | Amount to be Refunded $ 720.00 | Effective Tax Rate 5.73% 2009-Married filing jointly: 2009 | Adjusted Gross Income $ 71,847.00 Federal | Taxable Income $ 38,715.00 Tax | Total Tax $ 4,959.00 Return | Total Payments/Credits $ 4,953.00 Summary | Payment Due $ 6.00 | Effective Tax Rate 6.90% Now, in 2009 my son turned 17 and I no longer received the "Child Tax Credit" of $1,000. In 2009, President Obama gave us a "work credit" of $400 per individual $800 for a couple. Therefore, to attempt to show apples to apples, I will add the thousand dollars to 2008's tax figure bringing my total 2008 tax figure to what it would have been without that credit. Adjusted 2008 taxes = 5,201 on $73,327 total income an effective rate of nearly 7.1%. The $800 work credit should actually be counted as a tax cut therefore 2009's taxes should not be adjusted and without the credit, I would have paid $5,759. Technically speaking a tax cut Without the "tax cut", I would have paid an effective rate of 8% (5759/71847). But, it seems to me, that my taxes actually went up before they came down due to the "tax cut". The reduction in my effective rate was based upon lower income, the "tax cut" and better tax planning on my part rather than President Obama's gifts to me. If I had paid an effective tax rate of 7.1% in 2009, then my total tax would have been $5,101 rather than $4,959. When all is said and done, I don't see much of a change between the years let alone a significant change in my tax situation from last year to this year. The President's plan increased my taxes and then gave me a credit to compensate for it because my wife and I were working. That is much like the "I was for it before I was against it" claim of John Kerry. Okay, all that said, I don't see this tax cut that the left keeps bragging about. I realize that this is just one example and there are a myriad of other situations out there. I'm curious, did you receive a tax cut this year over last year? Immie PS:There is nothing in my post that I consider personal except that now you all know what I made last year... BFD. My wife made a little of that income but she works for a dry cleaner and barely gets paid minimum wage.