
There is a website where you can see exactly how Obama's tax plan will affect you. You can put in your tax filing status; single, married filing jointly, etc., and then put in your taxable income. Put your amount in for 2008 which shows what you will owe under the current tax plan. Then put that same amount in and set it for 2000, which is what you will owe once Obama repeals Bush’s tax cuts. Look for the box like the one above at the website and give it a try.
"Spread the wealth around" Senator Barack Obama October 2008
Samples:
Taxable amount 70,000
Married filing jointly
2008 Tax rate (McCain Plan) = 10,188
2000 Tax rate (Obama Plan) = 13,900
Taxable mount 40,000
single filing single
2008 Tax rate (McCain Plan) = 6,344
2000 Tax rate (Obama Plan) = 7,788
Taxable mount 24,000
single filing single
2008 Tax rate (McCain Plan) = 3,600
2000 Tax rate (Obama Plan) = 3,199
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