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What Election 2008 Will Do To The Economy, And Your Tax Bill

The Simplified Investor (August 28th, 2008) Writes:

The economic visions of the presidential candidates in 2008 are dramatically different, and the contrast is most striking when they discuss taxation. Barack Obama will steal from the pages of English folklore and take from the rich to give to the poor; well, actually, to the middle class, who will benefit from major tax cuts. John McCain sees things differently, and he will cut taxes across the board - most heavily in the highest income bracket, who will see more than $700,000 pumped back into their wallets.

Tax proposals of 2008 presidential candidates John McCain and Barack Obama

Source:Tax Policy Center via CNNMoney.com

The data above, compiled by a nonpartisan policy group in Washington DC, doesn’t take into account Obama’s plans to change the capital gains tax - and he’s been quoted saying that he’ll hike it

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