90% of Americans will pay less income tax under Obama than McCain
CNN posted an article online summarizing the Tax Policy center's report comparing John McCain and Barack Obama's proposed tax plans. It is available here.
Here is a table showing the change in your tax bill in 2009 vs 2008 if McCain or Obama's policies are fully implemented:
McCain Obama
Income Avg. tax bill Avg. tax bill Difference
(O-McC)
Over $2.9M -$269,364 +$701,885 +$971,249
$603K and up -$45,361 +$115,974 +$161,335
$227K-$603K -$7,871 +$12 +$7,883
$161K-$227K -$4,380 -$2,789 +$1,591
$112K-$161K -$2,614 -$2,204 $410
$66K-$112K -$1,009 -$1,290 -$281
$38K-$66K -$319 -$1,042 -$723
$19K-$38K -$113 -$892 -$779
Under $19K -$19 -$567 -$548