Here’s how the average tax bill could change in 2009 if either John McCain’s or Barack Obama’s tax proposals were fully in place.
OBAMA (-decrease/+increase) Avg. tax bill
Income:
Over $2.9M +$701,885
$603K and up +$115,974
$227K-$603K +$12
$161K-$227K -$2,789
$112K-$161K -$2,204
$66K-$112K -$1,290
$38K-$66K -$1,042
$19K-$38K -$892
Under $19K -$567
Source: The Tax Policy Center
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