Author Topic: New tax systems  (Read 1935 times)

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Offline crazy

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New tax systems
« on: September 08, 2008, 09:03:29 PM »
This is the first comparison that I have seen that you can check out to be sure it is true.  Thank you whomever sent this. And this says nothing about stripping of the DoD, appeasement of the terrorists, and loss of US sovereignty under "world citizen" Obama\'s relinquishment of US rights to the UN and World Court .  Nor does it talk of loss of rights in "Fairness Laws" which are only fair to the minority.  
         
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS ISSUE JOHN McCAIN  BARAK OBAMA  
Favors new drilling offshore McCain  Yes Obama No  
Will appoint judges who interpret the law not make it  McCain Yes  Obama No  

Served in the US Armed Forces  McCain Yes  Obama No  
Amount of time served in the US Senate  McCain 22 YEARS  Obama 173 DAYS  
Will institute a socialized national health care plan  McCain No  Obama Yes  
Supports abortion throughout the pregnancy  McCain No  Obama Yes  
Would pull troops out of Iraq immediately  McCain No  Obama Yes  
Supports gun ownership rights  McCain Yes  Obama No  
Supports homosexual marriage  McCain No  Obama Yes  
Proposed programs will mean a huge tax increase  McCain No  Obama yes  
Voted against making English the official language  McCain No  Obama Yes  
Voted to give Social Security benefits to illegals  McCain No  Obama Yes  

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 becomes 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 could almost double!  

INHERITANCE TAX  

MCCAIN  - 0% (No change, Bush repealed this tax)  
OBAMA  Restore the inheritance tax Many families have lost businesses, farms, 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 only lose them to these taxes.  

NEW TAXES 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!!!  
             
You can verify the above at the following web sites:
http://money.cnn.com/news/specials/election/2008/index.html http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html

http://elections.foxnews.com/?s=proposed+taxes http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html

http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/ http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/
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