MSNBC: Upper-income people under Obama: Greater tax burden. Under McCain: TAX CUTS

[Amerigo Vespucci]

President must decide who'll bear tax burden
If Obama wins, upper-income people are likely to shoulder more

http://www.msnbc.msn.com/id/25839495 /

By Tom Curry
National affairs writer

In 2004, ten million more people filed tax returns than voted in the presidential election.

But whether you're a voter or not, the outcome of U.S. elections affects the tax burden of all Americans.

What’s going to happen to your tax burden under a new president?

The short answer is this:

* If Obama wins, upper-income people will almost certainly end up shouldering more of the burden.
* If McCain wins, upper-income people might get a tax cut, but only if McCain can persuade what’s likely to be a Democratic-controlled Congress to agree with him.