Ok....I am in a rush, but I just gotta clarify a point on the tax system here for a second. Many people like Palin are saying that Obama wants to cut taxes on people who "don't pay taxes". This is a lie. She is referring to people that don't pay income tax, but they do pay payroll taxes.

In fact, you are not charged payroll taxes on any income over $102,000. So if you make $1 Million a year, you are not paying payroll taxes on nearly 90% of your income. If you make $45,000 you are paying payroll taxes on every dollar you make.

Also, rich and poor alike draw equally from Social Security, so the low and middle incomes are paying a proportionally higher amount for a benefit that everyone receives.

There are MANY tax benefits that are already written into our system that apply only to the very wealthy, the top 1-5% of the country.

Here's more:
http://www.cbsnews.com/stories/2008/10/24/eveningnews/realitycheck/main4...

McCain's appeal to Joe the Plumber rests on a claim he will cut taxes, including business taxes and in the process create new jobs.

“We will cut business taxes to help create jobs, and keep American businesses in America,” he said this week.

The fact is none of McCain's tax plans help Joe the Plumber right away and his main tax pledge changes nothing at all.

Here's why:

McCain's claim that his tax cut is the "real thing" is based on his pledge to keep all of the Bush tax cuts. Fine, but those are on the books and part of the law for the next two years anyway. Nothing changes here if McCain gets elected, and no extra money goes to Joe.

How about those "business taxes" McCain says he will cut. This is verbal sleight of hand.
McCain is indeed proposing a corporate tax cut, in fact a bold one: 35% down to 25% phased in over five years. But almost no small businesses file taxes as corporations.

In other words, experts tell CBS News, Joe the Plumber, small businessman, isn’t getting these business tax cuts either, because they are corporate tax cuts.

“There would be no direct benefit for small businesses because most small businesses don't pay corporate taxes,” according to tax policy expert Martin Sullivan.