Obama, McCain tax plans

John McCain's tax plans would have everybody pay a little less in taxes with the wealthiest paying a lot less. Barack Obama's plan would have a the wealthy pay a lot more and would give middle- and lower-income people bigger breaks than McCain's plans. Obama would raise income and capital gains taxes on earners over $250,000. McCain would cut the estate tax. Obama would raise it on estates over $3.5 million.

The tax plans	Obama	McCain
$227,000 - a year - plus	$23,000 more	$15,000 less
$112,000 - $227,000 (15% of population)	$2,300 less	$3,200 less
$66,000 - $112,000 (20% of population)	$1,290 less ($500 per worker tax credit for $0 to $150,000)	$1,009 less
$38,000 - $66,000 (20% of population)	$1,042 less	$319 less
$19,000 - $38,000 (20% of population)	$892 less	$113 less
$0 - $19,000 (20% of population)	$567 less	$19 less
Tax breaks for all:	College credit: $4,000 a year per student in college	Double dependent credit: from $3,500 to $7,000
Impact of tax changes on federal budget:	Returns $700 billion	Costs $600 billion
Source: Urban-Brookings Tax Policy Center. Numbers are estimates and averages.