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Tax tragedies


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#1 inawe

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Posted 30 October 2008 - 11:46 PM


There is so much discussion about taxes. Actually, the McCain supporters warning that Obama will ruin the US by raising taxes.
From the table I'm looking at, for income of:
$38,000, marginal tax rate will be 1.7% lower with Obama than McCain. So these people will pay $646 less in taxes with Obama.
$1,000,000, 15.9% higher rate with Obama than McCain, paying $159,000 more in taxes with Obama.
Is this what kept Joe the plumber awake at night?

Edited by inawe, 31 October 2008 - 12:08 AM.





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