Wednesday, October 15, 2008

Obama Tax Plan versus McCain Tax Plan

I am not voting for the guy who promises me the biggest tax cut. In fact, (knock on wood), I'll be paying more in taxes if Obama wins.  At least I hope so.  I'd like to make it all the way up to his highest bracket. That'd be cool.

It's no secret that Obama wants to allow the tax cuts on the wealthy to expire and to give larger tax cuts to those making less than $250,000 a year.  What a lot of people don't understand though is Barack Obama wants to give much larger tax cuts (up to almost 3 times as much) to people making less than $100,000.   Here's a widget the Obama campaign put out today so that people can calculate their own tax savings under McCain and under Obama. If you're making more than $250,000/year, don't bother with the calculator. Get ready to do your patriotic duty and pay a little more than you're paying today.

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