Congratulations to the Obama supporters.
As long as Obama extends the Bush tax cuts for middle class families, I
can live with him.
Wildo provided the following link (thanks again) which contradicted
previous reports I had seen. This link looks more legit than the others
I had seen.
Taxes under Obama and McCain
the plans
Senator McCain would permanently extend all
of the income tax cuts enacted by President
Bush.
Senator Obama extends almost all of the
income tax cuts except those that apply to highincome
households: he would raise the top two
income tax rates, currently 33 and 35 percent, to
their Clinton-era levels of 36 and 39.6 percent;
restrict the value of exemptions and deductions
for high-income households; and raise the top tax
rate on dividends and capital gains to 20 percent
from 15 percent. Both candidates would limit but
not repeal the alternative minimum tax (AMT).