Sunday, September 14, 2008

Obama beats McCain on Taxes

This chart is from CNN.

The median income in the US is $40,000. 80% of all households make below $100,000. That means that for 80% of the country Obama will lower their taxes. Shouldn't that mean that Obama will win by 80%?

Also look at th 2.9million number. McCain lowers their taxes and Obama taxes them more. Those that have should help those that don't.


BREAKING DOWN THE NUMBERS
Here's how the average tax bill could change in 2009 if either John McCain's or Barack Obama's tax proposals were fully in place.

MCCAIN OBAMA
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

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