Archive for October, 2008

Comparison of John McCain and Barack Obama tax plans

http://www.washingtonpost.com/wp-dyn/content/story/2008/06/09/ST2008060900950.html

Comparison of the McCain and Obama Tax Plan. So if you look at this the claim is that Obama is a socialist cause he supposedly wants to “Redistribute wealth”. Honestly the whole tax system is a redistribution of wealth. The government is taking your wealth and using it to preserve and build up the infrastructure of the country. Look at this chart from the independent Tax Policy Center. Obama’s plan only gives slightly more to those making $111k  or less. The biggest difference is on the rich side, specifically those making over $2.87 million a year. If you look at the last figure in the chart the average change in the plans is quite small under Obama less then 1% while McCains is actually 2% so who is actually pushing for the more drastic change in a redistribution of wealth?

John McCain & Barack Obama's Tax Plan

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[youtube]http://www.youtube.com/watch?v=0vtHwWReGU0[/youtube]