Tuesday, October 07, 2008

Why Would You Willingly Want To Be Taxed At A Higher Rate?

A vote for Obama is a vote for higher taxes, less saving for you and your family.

From Greg Mankiw:

For example, look at the results for 2012. Under current law, the Bush tax cuts will expire, and the average marginal tax rate, calculated using my quadratic averaging, will be 28.7 percent. If the Bush tax cuts are extended, the average marginal tax rate will be 25.5 percent. The McCain plan would keep the average marginal tax rate at about this level (25.3 percent), while the Obama plan would raise the average marginal tax rate to 28.0 percent.

No comments: