Tuesday, August 26, 2008

The Bottom Line - More Of The McSame

The non-partisan Tax Policy Center did an analysis of McCain and Obama's tax plans, they found the Obama plan “offers three times the break for middle class families” than the McCain plan, which “would steer the bulk of the benefits to the wealthiest families”:

Families making between $37,595 and $66,354 of annual income with Obama would get an average tax cut of $1,042 per family while McCain’s tax cut for this group would be $319....

Graphic highlights the top 5% of wage earners in green, the bottom line, the rich get all the tax breaks and the middle class just get more debt for their grand kids under McSame's plan.


MCCAIN OBAMA
Income Avg. tax bill change Avg. tax bill change
Over 2.9M ($269,364) $701,885
$603K-$2.9M ($45,361) $115,974
$227K-$603 ($7,181) $12
$161K-$227K ($4,380) ($2,789)
$112K-$161K ($2,614) ($2,204)
$66K-$112K ($1,009) ($1,290)
$38K-$66K ($319) ($1,042)
$19K-$38K ($113) ($892)
Under $19K ($19) ($567)

note graph a compilation of graphs from Think Progress and CNN(who only wanted to talk a
bout the top 5%
)

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