John McCain's Tax Gift to the Rich

I wonder when the Obama Campaign Team will run the ad comparing the 'tax relief' of each candidate. McCain touts that he's lowering taxes on everybody; he is. The bad news is that the rich get a huge tax cut while the middle class get crumbs. Of course, he's a Republican.

Here are the numbers:

............... ............... McCain............Obama
Over $2.9M...... -$269,364...... +$701,885

$603K and up.... -$45,361...... +$115,974


$227K-$603K...... -$7,871...... +$12


$161K-$227K...... -$4,380...... -$2,789


$112K-$161K...... -$2,614...... -$2,204


$66K-$112K...... -$1,009...... -$1,290


$38K-$66K...... -$319...... -$1,042 [median income $52,000]

$19K-$38K ......-$113...... -$892

Under $19K...... -$19...... -$567

Source: The Tax Policy Center

Let's do the math. As the median American income hovers around $52,000 that would be a good comparison for the so-called tax relief offered by the two candidates. McCain offers these people $319 while Obama offers $1,042. That's 3 times what McCain gives back. It's 7 times for the $38K and under and 30 times for the under $19K. Even the $112K get more tax relief.

The $113K and upward income group benefit from John McCain, but that is a given. Take that over half-million group, the $603K folks for example. Their McCain tax cut of $45,000 represents 7.5% of their income. On the other hand, the $319 he offers to the $52K median income earner represents 6/10 of a percent of their income.

Math doesn't lie.