The closer the election gets, the more important it is for intelligent and well-informed voters to compare how the plans of candidates might actually work, if they get elected or re-elected.

For the Presidential election, that means comparing the tax plans of both President Obama and Mitt Romney, like Ezra Klein recently did.

Of course, Klein's chart is just an estimation, and most Americans want to know how the two candidate's tax plans will actually work for them. Thankfully, President Obama's campaign has built an interactive calculator that estimates how each tax plan would affect YOU.

Check out the details below for a family earning $50,000 a year, with two kids.

Want to see what each tax plan will cost you? Check out the calculator for yourself here.