Interesting comparison of the economic plans of both candidates.
The Associated Press: Obama and McCain have big economic differences
Under Obama, the wealthiest 1 percent of taxpayers, those making roughly $600,000 or more, would see their taxes go up on average by $93,709 in 2009, according to an analysis done by the Tax Policy Center, because Obama would begin implementing his tax changes even before the scheduled expiration of the Bush cuts.Under McCain, those same taxpayers would see an average reduction of $48,860, reflecting in part additional cuts he is proposing.
By contrast, the bottom 20 percent of taxpayers, those with taxable income of roughly $19,000 per year or less, would see their taxes cut by an average of $567 under Obama’s program and $21 under McCain’s plan, the tax center estimates.
For the 20 percent of taxpayers right in the middle of the income scale, making roughly between $37,600 and $66,400, the tax break would be $1,118 under the Obama plan and $325 under the McCain plan in 2009, according to the analysis done by the tax center, a joint venture of the Urban Institute and the Brookings Institution, two Washington think tanks.