Nice article that tries to analyze both plans. There are some good side articles that break down the numbers. Of course all of this is just proposals. Under Obama's plan, you will pay more if you're over $250,000. Anybody here in that boat?
Quote:
Tax plan face off: Obama vs. McCain
WHITE HOUSE RACE | Whoever wins, you'll probably pay less
June 30, 2008Recommend (5)
BY ABDON M. PALLASCH Political Reporter/apallasch@suntimes.com
The rich would pay more under Barack Obama's tax plan, and the poor and middle-class would pay less, a nonpartisan analysis finds. Under John McCain's plan, the rich would pay much less than they do now, the poor and middle-class would pay a bit less, and the federal deficit would grow, the study found.
Each individual's tax situation is different, so it's hard to say for sure how much more or less you would pay under the presidential candidates' ever-evolving tax proposals.
And at this point that's all they are -- proposals that may or may not get through Congress. They don't take into account wars, whether the president will sign an expensive social program into law, or the world economy.
With those caveats, here are highlights of how the candidates' proposals to change the tax code would impact you:
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Much more to article, click below for more details:
http://www.suntimes.com/news/politic...-tax30.article
06-30-2008, 06:16 AM
Comparing Obama & McCain's Tax Plans
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