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[personal profile] womzilla
Courtesy of The Washington Post back in June, a comparison, by brackets, of the income tax reforms proposed by the two major candidates.

The graphic, behind the cut, was prepared by the Tax Policy Center.

The short version: If your household makes less than $111K per year, you will save more money under Obama's plan than under McCain's. If you make more than that but less than $600K per year, you'll pay less in taxes under both plans, but more under Obama's than under McCain's. (Thanks mnemex for the correction.)

If, like a bare minimum McCain "rich person", you make over $5 million, you'll pay a lot less under McCain's plan. Nice to be you!

ETA: Also, check the display from del_c in my comments which adds a second dimension to help demonstrate *how many* people will benefit more from Obama's plan than McCain's.



Date: 2008-08-27 05:53 am (UTC)
From: [identity profile] del-c.livejournal.com
The Clinton administration made the mistake of paying down the Reagan-Bush debt, only to hand the achievement on as a gift to the Bush II administration to use as slack. I can't blame a candidate for not bothering to promise the voting public a reduction in debt; they've said they don't want it and won't thank you for it.

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