Tale Of Two Candidates

AND JUST FOR KICKS, let's have a look at the respective tax plans of the two candidates. ABC news posted this comparison. In general:

  • If you make up to $18,725, Sen. John McCain, R-Ariz., will give you a tax cut of $65, while Sen. Barack Obama, D-Ill., will give you a tax cut of $567.
  • If you’re in the second tax quintile, earning between $18,725 and about $37,000 a year, McCain will give you a $259 tax cut, Obama will give you a $892 tax cut.
  • If you’re in the third quintile, earning between about $37,000 and almost $66,000, McCain will give you a $608 tax cut, Obama will give you a $1,118 tax cut.
  • If you’re in the fourth quintile, making between almost $66,000 and about $110,000, McCain gives you a $1,487 tax cut, Obama will give you a $1,264 tax cut.
  • If you’re in the top quintile, making above $110,000, McCain will give you a tax cut of $12,144 while Obama will raise your taxes $4600 more.
  • Here’s where the starkest differences come in. If you’re in the top 1 percent of wage-earners, making $602,000 to around $2.8 million, McCain gives you a $109,214 tax cut on average, while Obama raises your taxes on average by $121,689.
  • If you’re in the top 0.1 percent, making $2.9 million a year or more, McCain gives you a $577,148 tax cut, Obama raises your taxes $699,872.

So if you’re voting based on the tax proposals a candidate is making — there you go. ABC promises more on this tomorrow morning on “Good Morning America.”

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