Hey Joe Plumber!
- From: "theothr1" <theothr1@xxxxxxxxxxxxx>
- Date: Thu, 16 Oct 2008 08:38:52 -0500
Here's a graphic from the Sunday paper.
What's not to like?
If you make... you'd
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
If you're in the top 5% of earners... you'd pay
an extra... you'd
$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
If your annual salary is less than $112,000, you'd pay less in taxes under
Obama's plan; if your salary is higher, McCain would cut your taxes more.
"While the aggregate tax cut is bigger for McCain, a larger number of voters
get more money under Obama," says Alan Viard, a tax-policy expert at the
conservative American Enterprise Institute. "Obama is choosing to emphasize tax
cuts for the middle class, whereas McCain's strategy is to keep rates lower at
the top as a way to facilitate long-run growth." For example, a person with an
income of $1 million could see his taxes increase under Obama by as much as
$94,000, whereas under McCain's plan he could save about $48,000.
- Rebecca Davis O'Brien
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