Friday, October 10, 2008

Great article on Marginal Tax Rates under each candidate's Economic Plan

Given that there are so many wealthy elites that are supporting Barry right now and given that many have also watched a lot of their retirement savings plummet in value it will be interesting to see if Barry can pass his plans if elected. Since most people do vote with their pocket book it could be interesting to see how many are now willing to see half of their income get redistributed under his plan and also live with the fact that probably 30 to 40% of their IRA, SEP or 401-K has also been lost. This link provides a great analysis of the marginal tax rates of each candidates economic proposals. http://taxprof.typepad.com/taxprof_blog/2008/10/marginal-tax-ra.html

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