The other chart out there makes the increase for 0.1% of the population look as big as the cut for the bottom 20. This shows how the cuts break down relative to how many people get them.
Chart of McCain and Obama's tax cuts/increases (Old...but this one is drawn to scale)
Chart of McCain and Obama's tax cuts/increases (Old...but this one is drawn to scale)
The other chart out there makes the increase for 0.1% of the population look as big as the cut for the bottom 20. This shows how the cuts break down relative to how many people get them.
It's simply showing you what your tax cut or increase would be per average on your own income.
It's not exactly accurate. I've looked at that article before and McCains tax plan doesn't included your health benefits being taxed, even if he doesn't implement his own health plan.
Neither is Obama's plan as studied by the Tax Policy Center, exactly accurate.
I suppose for the average Joe the Plumber, it's close enough. Although Joe doesn't pay his taxes anyway.
It's not exactly accurate. I've looked at that article before and McCains tax plan doesn't included your health benefits being taxed, even if he doesn't implement his own health plan.
Neither is Obama's plan as studied by the Tax Policy Center, exactly accurate.
I suppose for the average Joe the Plumber, it's close enough. Although Joe doesn't pay his taxes anyway.
Sorry...Find your income bracket on the left, then look to the right to see how much your taxes would get cut under Obama or McCain. The blocks to the left indicate a cut, blocks to the right an increase. The chart is drawn to show what percentage of people would be getting each cut. But like downhill said, its missing a lot of important details.CiscoKid wrote:What am I looking at? Some explanation of the chart would be helpful
Actually, I just found a much better online tax calculator. You can input your income, marital status, dependents, etc, and itll give you a detailed breakdown.