Obama McCain
If you make . . . you'd save— you'd save—
less than $19,000 $567 $21
$19,000 to $37,600 $892 $118
$37,600 to $66,400 $1,118 $325
$66,400 to $111,600 $1,264 $994
$111,600 to$161,000 $2,135 $2,584
$161,000 to $227,000 $2,796 $4,437
If you're in the top 5% of earners . . .
$207,000 to $603,400 $121 (pay) $8,159 (save)
$603,400 to $2.87 million $93,709 (pay) $48,862 (save)
more than $2.87 million $542,882 (pay) $290, 708 (save)
There you have it in black and white folks. I am going to go out on a limb here and imagine that the majority of my readers fall in the $161,000 and below category, maybe even lower in which case Obama saves you more than McCain on your taxes.
So far as those making more than $600,000, I say fuck them. It isn't going to hurt them to pony up a bit more.
2 comments:
ok, here's my totally uneducated, un-political thought on this. i am for a flat tax. i do not think that as i progress in life and (hopefully) make more money that i should pay a higher tax rate. people should not be punished for improving.
i think a flat tax is a fine idea. but since that isn't what we are being offered right now, i don't think those who haven't gotten ahead as much should be penalized for it.
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