Tax Facts

Giving "tax cuts" to people who don't pay any taxes isn't a "cut," it's a handout. It's time both candidates called it what it is.

Currently, 32% of Americans pay no federal income tax. Many actually receive significant payments from the federal government. Yes, the IRS pays them.
Under Sen. Obama's proposed tax plan that number would jump to 44%; under Sen. McCain's it would increase to 43%.
Five percent of Americans are already paying 60% of all federal income taxes. How much more would be fair?
When including state and local taxes, Sen. Obama's tax plan would make America's top tax rate the second highest in the world.
Sen. Obama's tax rate would be the highest since the Jimmy Carter administration.
Under Sen. Obama's tax plan, 63 million Americans would pay no taxes, yet most of them would receive a "refund" payment from the IRS each year.

Sources: IRS, Tax Foundation, Heritage Foundation