Tax Facts

The following information was published by Parade Magazine in its October 12 issue.  The below covers income from less that $19,000.00 (the bottom 20% of earners) to $111,600.00.  I think everyone will agree those brackets cover the "middle class" that both candidates talk about.  The readers can judge for themselves just what plan helps the "middle class" the most.

  Obama's Plan:

 

If you make:                                                 Your average tax savings would be:

Less than $19,000.00                                                                            $567.00

$19,000.00 - $37,600.00                                                                         892.00

$37, 600.00 - $66,400.00                                                                       1118.00

$66,400.00 - 111,600.00                                                                        1264.00

 

McCain's Plan:

 

Less than $19,000.00                                                                               $21.00

$19,000.00 - $37,600.00                                                                           118.00

$37,600.00 - $66,400.00                                                                           325.00

$66,400.00 - $111,600.00                                                                         994.00