For more than 700 days, the country listened to the many presidential candidate tax plan proposals. But, the game of politics can cloud the message.
Now, we know the winning plan is Barak Obama's. Of course the plan is subject to change before approval.
In Election Day exit polls, 62% of voters said the economy is the top issue. The housing crunch and the credit crunch, paired with thousands of jobs lost since the beginning of the year have Americans wondering how to afford the monthly bills.
Not in the recent past has a tax proposal meant so much to the majority. So here's how the Obama proposal breaks down as of now based on income levels:
- If you make less than $19,000--Saves $567 dollars.
- $19,000 to $37,600--Saves $892 dollars.
- $37,600 to $66,400--Saves $1118 dollars.
- $66,400-$111,600--Saves $1264.
- $111,600- $161,000--Saves $2135.
- $161,000- $227,000—Saves $2796.
For the complete report, go to: http://www.taxpolicycenter.org/publications/url.cfm?ID=411781 and http://www.taxfoundation.org/candidates08/compare/
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