Proof for those still in doubt.


How Much Would You Pay in Taxes?
Sens. Barack Obama and John McCain both say they’ll cut federal taxes if elected. Here’s what their proposals would mean for you.

---------------------------------Obama --------------McCain
If you make...--------------------you'd save... -------you'd save...
less than $19,000-----------------$567----------------$21
$19,000-$37,600------------------$892---------------$118
$37,600-$66,400-----------------$1118---------------$325
$66,400-$111,600----------------$1264---------------$994
$111,600-$161,000---------------$2135--------------$2584
$161,000-$227,000---------------$2796--------------$4437

If you're in the top 5% of earners... you'd pay an extra... you'd save...
$227,000-$603,400-----------------$121------------$8159
$603,400-$2.87 million-----------$93,709-----------$48,862
more than $2.87 million----------$542,882----------$290,708


Both John McCain and Barack Obama have proposed tax plans that would substantially increase the national debt over the next ten years, according to a newly updated analysis by the non-partisan Tax Policy Center. Compared to current law, TPC estimates the Obama plan would cut taxes by $2.9 trillion from 2009-2018. McCain would reduce taxes by nearly $4.2 trillion. Obama would give larger tax cuts to low- and moderate-income households and pay some of the cost by raising taxes on high-income taxpayers. In contrast, McCain would cut taxes across the board and give the biggest cuts to the highest-income households.
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