If Senator McCain's proposals and preferences on tax policy should become law, the Center calculates, the nation's most affluent 0.1 percent -- taxpayers who this year will make at least $2.9 million in income -- will pay $269,364 less in federal taxes than they would pay if current tax law stays in place.An even more amazing difference is that waaay back in the 1950's, tax rates on the super-rich were more than twice the current level.
If Senator Obama gets his way on taxes, these same households would pay $701,885 more, on average, in 2009 than they would pay under current law. The gap -- for the super-rich -- between Obama and McCain: nearly $1 million.
Tuesday, June 17, 2008
Voting for Obama won't cost me a million dollars
According to the AlterNet article A Comparative Tax Story: Obama, McCain, and Ike: