News / Utah / 

Will taxpayers save more under Obama or McCain plan?



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(KSL News) Both presidential candidates have promised to cut our taxes. Now, a new analysis shows under which candidate you'll save more.

According to the non-partisan group Tax Policy Center, those who make less than $19,000 will save $567 under Barack Obama's plan. Under John McCain's, they'll save $21.

Those in the next bracket, just more than $37,000 will save significantly more under Obama than McCain. The same holds true in the next bracket of those making up to $66,000.

In the middle brackets, up to $111,000, Obama's plan still saves taxpayers about $300. Then, it's those making up to $227,000, where McCain's plan would save $4,400 to Obama's $2,700.

Finally, in the top brackets, those who earn up to $603,000, Obama's plan would actually cost taxpayers $121 compared to McCain's savings of $8,100.

If you're fortunate enough to make close to $3 million dollars, McCain will save you about $300,000.

The analysis also shows both candidates' proposals would significantly increase the national debt.

To view the Tax Policy Center's full report, click the related link.

Related Links

SIGN UP FOR THE KSL.COM NEWSLETTER

Catch up on the top news and features from KSL.com, sent weekly.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast