Excerpt:
McCain falsely claims in a few campaign commercials that Obama will raise taxes on middle class Americans.
In reality middle class Americans would get a bigger tax cut under Barack Obama’s tax plan.
- Pre-tax income less than $10k: Obama tax cut is $487, McCain’s is $14.
- Pre-tax income $10-20k: Obama tax cut is $709, McCain’s is $26.
- Pre-tax income $20-30k: Obama tax cut is $896, McCain’s is $89.
- Pre-tax income $30-40k: Obama tax cut is $1,039, McCain’s is $178.
- Pre-tax income $40-50k: Obama tax cut is $1,124, McCain’s is $232.
- Pre-tax income $50-75k: Obama tax cut is $952, McCain’s is $336.
- Pre-tax income $75-100k: Obama tax cut is $779, McCain’s is $483.
- Pre-tax income $100-200k: Obama tax cut is $407, McCain’s is $847.
- Pre-tax $200-500k: Obama raises taxes $3,546, McCain cuts $1,892.
- Pre-tax $500-1mil: Obama raises taxes $30,499, McCain cuts $6,825.
- Pre-tax $1mil+: Obama raises taxes $262,371, McCain cuts $58,632.
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