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Thursday, October 16, 2008

Tax Calculator

Check how your taxes would change under each candidate.
The gist of it:
McCain: The average taxpayer in every income group would see a lower tax bill, but high-income taxpayers would benefit more than everyone else.
Obama: High-income taxpayers would pay more in taxes, while everyone else's tax bill would be reduced. Those who benefit the most -- in terms of reducing their taxes as a percentage of after-tax income - are in the lowest income groups.

(Wait, I just went back and read the comments on the first page. The first commentor complains about just making it on 140,000 with 2 kids, a car, and a modest house. That would be the lap of luxury for us!! I can't even imagine making that much!)

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