Sunday, October 19, 2008

Every American Should See This Chart

"Obama and McCain's Tax Proposals," from the Washington Post



Read every word on it (even the small ones), and this chart basically stands for itself. Love it or hate it (which all depends on your point of view), this is what your family's income will look like in 2009.

The only extra piece of information that I would use to contextualize the numbers is that Obama's tax increase on the top 1% of earners in the country comes from eliminating the tax cuts that Bush put into place at the beginning of his first term. This means that the top 1%'s taxes go back to the same levels as in the 1990s (and they get to keep that 10% extra from the meantime).

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