| Income | Avg. tax bill | Avg. tax bill |
| Over $2.9M | -$269,364 | +$701,885 |
| $603K and up | -$45,361 | +$115,974 |
| $227K-$603K | -$7,871 | +$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 |
Wednesday, September 10, 2008
tax plans
I was watching my news crush Anderson Cooper last night (he's so hot right now) and they did a little piece on the candidates' tax plans. I just wanted to pass this along because I found it to be highly informative. Here is the graph of how the taxes could change if their complete proposals are adopted for 2009 based on information from Tax Policy Center. You can find more information here. Sorry, the graph is being weird and I don't have time to mess with it. The first column is McCain and the second column is Obama.
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fascinating!
ReplyDeleteWow, if that's accurate, then most teachers, non-profit employees, and those in ministry should go for McCain. McCain's plan would charge $319, but Obama's would charge $1,042 for the same income bracket, a very common bracket for those of us in the teaching profession. Geez, I'm glad I'm a homemaker living in Canada, and no longer teaching in the States. I still have no idea how I'm going to vote when I come home for a visit this month. I am so tempted to just skip it, but feel like that would be an irresponsible way to handle the fact that the USA lets me keep my citizenship though I don't live there anymore. It's so confusing, that I'm tempted to just flip a coin once I get to the early-absentee ballot office.
ReplyDeleteInkling... I think you read it backwards. Those you speak of would be getting a BIGGER tax CUT from OBAMA, not McCain. The minuses are tax cuts and the pluses mean those people would pay more.
ReplyDeleteI love that you have time to post stuff like this even though you just had a baby. I feel like I am not good at the other areas of my life any more. Good thing I have you to keep me informed! Thanks;)
ReplyDeleteWow, the economy is in a downward spiral and Obama wants to place all the tax burden (plus some) on those who would actually be putting money into the economy. Brilliant. Another stellar policy. Oh wait, I guess this is when the government takes all the money and decides how it should be spent. I believe the term is Socialism. I've just always been a fan of Capitalism.
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