The effect on the economy would look like this:
The Spread The Weath Income Tax would look like this:
| MCCAIN | OBAMA | |
|---|---|---|
| Income | Avg. tax bill | Avg. tax bill |
| Over $2.9M | -$269,364 | +$701,885 |
| $603K and up | -$45,361 | +$115,974 |
| $227K-$603K | -$7,871 | +$12 |
| $161K-$227K | -$4,380 | -$2,789 |
| $112K-$161K | -$2,614 | -$2,204 |
| $66K-$112K | -$1,009 | -$1,290 |
| $38K-$66K | -$319 | -$1,042 |
| $19K-$38K | -$113 | -$892 |
| Under $19K | -$19 | -$567 |
The Healthcare Plan would look like this:
|
Income Tax Liability
|
McCain-Palin
Tax Credit |
Total Tax Savings
|
| 10% Bracket (Up to $15,000) |
$1,200 ($12,000 x 10%) | $5,000 | +$3,800 |
| 15% Bracket ($15,650 - $63,700) |
$1,800 ($12,000 x 15%) | $5,000 | +$3,200 |
| 25% Bracket ($63,700 - $128,500) |
$3,000 ($12,000 x 25%) | $5,000 | +$2,000 |
| 28% Bracket ($128,500 - $195,850) |
$3,360 ($12,000 x 28%) | $5,000 | +$1,640 |
| 33% Bracket ($195,850 - $349,700) |
$3,960 ($12,000 x 33%) | $5,000 | +$1,040 |
| 35% Bracket ($349,700 and Over) |
$4,200 ($12,000 x 35%) | $5,000 | +$800 |