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Obama vs. McCain: How Much Would You Pay in Taxes?

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  • Libertarians for Obama Usa
    Senators Barack Obama and John McCain both say they¢ll cut federal taxes if elected. More American income earners (95%) would pay LESS under Obama s plan
    Message 1 of 1 , Oct 25, 2008
      Senators Barack Obama and John McCain both say they’ll cut federal taxes if elected.
      More American income earners (95%) would pay LESS under Obama's plan though.
       
      Here’s what their proposals would mean for you.
       
                                           

       Obama McCain
      If you make...you'd   
      save... 
      you'd  
      save...
      less than $19,000$567$21
      $19,000-$37,600$892$118
      $37,600-$66,400$1118$325
      $66,400-$111,600$1264$994
      $111,600-$161,000$2135$2584
      $161,000-$227,000
      $2796
      $4437
      If you're in the top 5% of earners...you'd pay  
      an extra...
      you'd  
      save...
      $227,000-$603,400$121$8159
      $603,400-$2.87 million$93,709$48,862
      more than $2.87 million$542,882$290,708

      *Source: Tax Policy Center. Numbers have been rounded.
      For complete details, go to TaxPolicyCenter.org.


      If your annual salary is less than $112,000, you’d pay less in taxes under Obama’s plan; a larger number of [income earners] get more money under Obama. Obama is choosing to emphasize tax cuts for the middle class, whereas McCain’s strategy is to keep rates lower at the top 5% [wealthiest income earners].

      Source:


      Libertarians For Barack Obama
       

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