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Old 06-11-2008, 07:15 PM
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Taxes & the Presidential Candidates

CNNMoney.com currently has an article that compares how McCain & Obama's tax policies will affect people of different incomes. These are the summary conclusions:

McCain: The average taxpayer in every income group would see a lower tax bill, but high-income taxpayers would benefit more than everyone else.

Obama: High-income taxpayers would pay more in taxes, while everyone else's tax bill would be reduced. Those who benefit the most - in terms of reducing their taxes as a percentage of after-tax income - are in the lowest income groups.

The income distribution chart that was included in the article is attached as a jpeg.

Full CNNMoney Article: http://money.cnn.com/2008/06/11/news..._tpc/index.htm
Tax Policy Center: http://www.taxpolicycenter.org/aboutus/index.cfm
Attached Thumbnails
taxes-presidential-candidates-taxes.jpg  
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