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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Brian Sullivan who wrote (82566)	9/6/2008 7:43:55 PM
From: wonk	Read Replies (1) \| Respond to of 541648

While not particularly on the subject of charitable giving: From the Candidates 2006 Tax Returns: John McCain: (married filing separately) Taxable Income: 215,000 Income Taxes: 69,000 Effective Tax Rate (calculated): 32.1% Barack & Michelle Obama: (married filing jointly) Taxable Income: 827,000 Income Taxes: 263,000 Effective Tax Rate (calculated): 31.8% Cindy McCain: (Married filing separately) Taxable Income: 5,493,000 Income Taxes: 1,722,000 Effective Tax Rate (calculated): 31.3% Interesting how the effective tax rate goes down as the income goes up, eh? If we added back social security taxes, the Obamas & Senator McCain would really looked hosed (depending on how much of their income was subject to FICA)