The following is a simple breakdown of the differences each income range will see with McCain or Obama’s tax plans. The thing about this that sucks though is that either way, the national deficit will rise enormously and although everyone wants big tax breaks, cutting taxes won’t solve our problems. Our problems are tied to our currency system and it’s flawed setup. People don’t seem to realize that. Also:
Tax studies have shown that when tax cuts are deficit funded and they’re paid for by raising taxes in the future, “the economy is worse off than if you didn’t cut at all,” Burman said.