And here I thought the republicans were the big tax-cutters.
The Obama Plan
The McCain Plan
HOUSEHOLD EARNINGS
% OF POPULATION
AVERAGE CHANGE IN TAXES
AVERAGE FEDERAL TAX RATE
AVERAGE CHANGE IN TAXES
AVERAGE FEDERAL TAX RATE
Less than $18,981
20%
-$567
-0.7%
-$21
4.4%
$18,982 to $37,595
20%
-$892
3.5%
-$118
10.2%
$37,596 to $66,354
20%
-$1,118
14.7%
-$325
16.2%
$66,355 to $111,645
20%
-$1,264
18.4%
-$994
18.7%
$111,645 to $160,972
10%
-$2,135
21.1%
-$2,584
20.8%
$160,973 to $226,918
5%
-$2,796
23.0%
-$4,437
22.1%
$226,919 to $603,402
4%
+$121
26.6%
-$8,159
24.0%
$603,403 and up
1%
+$93,709
34.4%
-$48,862
27.0%
Source: Yahoo Finance
-mag
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