If you read Sen. Obama's tax plan you find that it raises taxes on folks making $60,000 and above. I know that on the stump he sez differently, but read the plan. $60K puts you in the top 25% of all taxpapers. The middle, that is folks making $30,000 will get tax cuts and a hefty dose of payments from other taxpayers.
If you look at the top 10%, those folks make a whopping $100,000 a year or more. To the middle, that sure looks like a whole lot of money.
Further, the "payroll taxes" you hear about are FICA - Federal Insurance Contributions. The plan calls for those making over $100,000 to give those in the middle $500 a year, in the so called Payroll Tax as politically it sounds better that way. Confuse the little guy as it were, by changing the language.
The bottom 43% pay no taxes at all and the bottom 20% receive "credits" from other taxpayers.
Not saying it ain't fair; not saying it is fair; just what it is. But up close and personal, I was paying almost 16% of gross income in FICA, and since payments are means tested, would never get any of it back. The 16% is on gross, then I payed 42% (federal+state+local). Final numbers came out to be just over 61% of income to taxes. Sooooo I just quit work, enjoy the good life!!