Obama's Tax Plan

A friend of mine was hit with many questions regarding Obama's Tax Plan since one of the McCain/Palin Campaign slur's is that if Obama is elected everyone will pay a lot more taxes and this just isn't true. So once again the McCain/Palin campaign is trying to influence voter's with lies. Voters beware!

Obama's Tax Plan


I have received a few questions.....Is Obama Going To Raise My Taxes. As I always do, I went to a bipartisan site to get the info for you. Please Note: This does not include the capital gains tax which does not apply to you unless you have to pay capital gains (for instance, selling a house at a profit and then not buying another house to replace it).Here ya go. You asked for the truth........If this states you will pay less, it means than you pay now. If it says you will pay more, it means than you do now. This is from the tax policy center so go to their web site if you want to know who they are. Peace all. Under Obama's Tax Plan - HOW MUCH WILL YOU PAY?


If You Earn...
Under Obama's Plan, You Pay...
Under 19,000 $567 Less
$19,000 to $38,000 $892 Less
$38,000 to $66,000 $1,042 Less
$66,000 to $112,000 $1,290 Less
$112,000 to $161,000 $2,204 Less
$161,000 to $227,000 $2,789 Less
$227,000 to $603,000 $12 More
$603,000 to $2.8 Mllion $115,974 More
$2.8 Million and Up $701,885 More

Source: Tax Policy Center