Elections matter: what happens to tax rates under the proposed plans of the 2 candidates?
TaxProf Blog has information you should see: Marginal Tax Rates Under Obama (50%), McCain (40%).
Have a look at the graphs and understand what this means to the middle-class folks earning between $30K-$60K. The tax rates on these folks will go up, significantly. Ditto to those households making $105K-$125K which, given the average payroll these days, isn’t too difficult for a 2-earner family to reach.
