And if you want to find how Obama's tax cut plan will affect your family, this interactive site ask you to input your filing status, adjusted gross income, and number of dependent children and estimates a) how much your tax bill changes under the Obama plan, and b) how it differs under the McCain Plan. Here's the Washington Post article that contains this graphic and this, which forms the basis for the calculator:
According to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, Democrat Barack Obama and Republican John McCain are both proposing tax plans that would result in cuts for most American families. Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy. For the approximately 147,000 families that make up the top 0.1 percent of the income scale, the difference between the two plans is stark. While McCain offers a $269,364 tax cut, Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million.
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