Inform Your Vote: Tax Edition

June 11, 2008 · Leave a Comment

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

Source:The Tax Policy Center

So if you’re voting in your self-interest, and the tax rate is a primary concern of yours, it doesn’t make sense to vote for John McCain unless your income is over $161K.

I’m not sure how capital gains is figured in all this but I guess you can go tot he Tax Policy Center to get a better understanding of the methodology.

Categories: Uncategorized
Tagged: 2008 election, McCain, obama, taxes

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