For Incomes Below $100,000,a Better Tax Break in Obamas Plan

Independent analyses of the presidential candidates’ tax proposals show that those who make less than $250,000 a year would not see their taxes raised under Senator Barack Obama’s plans. Further, Mr. Obama would generally cut taxes more than Senator John McCain would for households with incomes less than $100,000 a year.

Mr. McCain would cut taxes generally on par with Mr. Obama for those making $100,000 to $250,000 a year, the analyses found, but those making $250,000 a year and above would typically pay less in taxes under Mr. McCain.

The analyses were conducted independently by the nonpartisan Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution, and Deloitte, the accounting giant, at the request of The New York Times.

Mr. McCain has been sounding the traditional Republican tax-cutting theme, trying to convince voters that Mr. Obama, the Democratic nominee, wants to increase taxes and spread the wealth like a socialist.

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http://www.nytimes.com/2008/10/31/us/politics/31taxes.html?ref=us

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• Is letting Bush's tax-cut expire not tax-increase? -chinese888- ♂ (0 bytes) () 10/31/2008 postreply 15:17:36