Future Taxes
I came across this table showing the change in your tax bill in 2009 vs. 2008 if McCain or Obama's policies are fully implemented.
As we all know, what politicians say when they are campaigning, is usually different once they get into office.
CNN posted an article online summarizing the Tax Policy center's report comparing John McCain and Barack Obama's proposed tax plans. The numbers are remarkable, but CNN fails to notice the obvious punchline: more than 85% of Americans will pay less in taxes under Obama than McCain. From the table, we can see that if you make less than $112,000 a year, then you will pay less in taxes under Obama's policies compared to McCain's. According to the IRS, 89% of Americans report less than $100,000 in adjusted gross income (2005).
Labels: taxes
Posted By: Joe on Friday, June 20, 2008
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