CNN/Money, who sometimes takes advice from financial guru Billy Joel, takes a look at the impact of the planned Kerry/Edwards tax hikes and ask "how would that affect you?".

Kerry has promised to roll back some of the tax cuts passed in 2001, 2002 and 2003, cut government waste and push for Congressional rules to curb spending, among other things.

But he has also proposed a health-care plan, new tax cuts for individuals and businesses and other spending plans, making the accomplishment of his goal extremely difficult, according to some analysts.

Quoting unnamed "analysts", how definitive. I tend to think that anyone who quotes an "unnamed" source is full of shit.

But Kerry also wanted to keep the higher child tax credit, the lower marriage penalty and the new 10 percent bracket for lower-income families. He also called for new tax credits for health care and college tuition.

Talk about giveaways. How long before these tax credits are made refundable? And a refundable tax credit is the politically correct term for welfare.

But U.S. payrolls are still more than 1 million jobs lower than they were when Bush took office, and Kerry has promised to create 10 million jobs in his first term as president, with his hiring incentives and a plan to cut the corporate tax rate by 5 percent.

Keep in mind that corporations don't pay taxes, they collect them. The taxes are paid by people and those people include customers, employees, and the shareholders.

While still a candidate for the Democratic nomination, Edwards was equally bold, promising his plans would create 5 million jobs in two years.

Such promises could be risky gambits -- at various times, the Bush administration has promised its policies would add specific numbers of jobs, giving Democrats a handy talking point when such job growth failed to materialize.

This is an outright lie. Bush's promised job growth has appeared, as I've proven on this site.

Perhaps I'm being too critical, but for a magazine called "Money" they don't seem to know too much about it. I mean, they never even answered their title question of "how would that affect you?"