If you want "CHANGE" this will do it.
CAPITAL GAINS TAX
MCCAIN
0% on home sales up to $500,000 per home (couples) McCain does not propose any change in existing home sales income tax.
OBAMA
28% on profit from ALL home sales
How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.
DIVIDEND TAX
MCCAIN 15% (no change)
OBAMA 39.6%
How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama become president. The experts predict that 'higher tax rates on dividends and capital gains would crash the stock market yet do absolutely nothing to cut the deficit.
INCOME TAX
MCCAIN (no changes)
Single making 30K - tax $4,500 Single making 50K - tax $12,500 Single making 75K - tax $18,750 Married making 60K- tax $9,000 Married making 75K - tax $18,750 Married making 125K - tax $31,250
OBAMA
(reversion to pre-Bush tax cuts) Single making 30K - tax $8,400 Single making 50K - tax $14,000 Single making 75K - tax $23,250 Married making 60K - tax $16,800 Married making 75K - tax $21,000 Married making 125K - tax $38,750
Under Obama your taxes will more than double! How does this affect you? No explanation needed. This is pretty straight forward.
INHERITANCE TAX
MCCAIN 0% (No change, Bush repealed this tax)
OBAMA Restore the inheritance tax
How does this affect you? Many families have lost businesses, farms and ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Those willing their assets to loved ones will not only lose them to these taxes.
NEW TAXES BEING PROPOSED BY OBAMA
* New government taxes proposed on homes that are more than
2400 square feet
* New gasoline taxes (as if gas weren't high enough already)
* New taxes on natural resources consumption (heating gas, water, electricity)
* New taxes on retirement accounts and last but not least....
* New taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
8 comments:
my sources indicate this post is: FALSE
Is not amazing how a democrat can look at the facts written in black and white that is more than 99% correct and dismiss it and their reason for dismissal in their mind is that maybe 1% of could possibly be written in error.
It may be false at the momemt but you can bet your bottom dollar it won't be after Hussein Obama is elected.
Just hope I live long enough to hear all the sorry bastards that vote for HO crying about the redistribution of their income.
If you're going to allow opinion and editorialization of the position of any candidate, please start with IMO, or some other way to let us know it's an interpretation.
I know this will be true if Obama is elected President. I have said before many times on this blog. if you vote for Obama you had better hold on to your wallets because he is going to tax you out the ass. You can bet on that. Just look at the democrats all through history
tax and spend, tax and spend, tax and spend. I don't know about you but i need my money . I am already giving to much to the government in taxes. So bottom line is A VOTE FOR OBAMA IS A VOTE FOR MORE TAXES AND LESS OF YOUR HARD EARNED MONEY IN YOUR POCKET. And you can take that to the bank. Oh or not thats right you can't take it to the bank because Obama has it.
How do all you anti-Obamaites expect your Republican president to get us out of this mess we're in without either stopping the expensive war (he says he won't) or raising taxes? Just because he's not coming out and telling us doesn't mean it wouldn't happen if he were elected.
It's amazing how a Republican can find so much wrong with everybody who doesn't think just like they do.
5:24 : Easy, get rid of the BS! No more social programs; 1.5 trillion dollars gets cut out of the budget in a flash. 481 billion on defense is not as expensive as paying enemployment, medicare, social security, etc. Actually the defense budget is less than social security. Social Security, Medicare and Medicaid take 1 trillion dollars from tax payers every year. Obama will hope to end the war, If he succeeds will he give tax breaks? Hell no, he will dump it into some other pet project (social program). Get real and leave my money alone!
Just let me know who to send the bill (deficit) to. Gimme more tax cuts and send China an owners manual to the USA.
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