Make sure you use the calculator at the website below before crying or jumpting for joy.

"The Tax Policy Center has come up with a handy calculator that allows you to see how your taxes would be affected based on three possible scenarios: going with Obama’s plan, keeping things the way they are or allowing the tax cuts to expire.

The tool allows you to select for age, income level, marriage status and children. For example, a married couple with two young children and an income of about $75,000 would pay $1,653 in federal income tax under current law, $1,008 under Obama's proposal and $4,290 if the tax cuts are allowed to expire."

http://lifeinc.msnbc.msn.com/_news/2010/...t-you?gt1=43001