Erin
Ideal_Rock
- Joined
- Nov 24, 2004
- Messages
- 2,783
I received this email this morning. I can''t find anywhere to prove or disprove. Any help?
This is not idle e-mail chatter, but actual facts from the candidates'' campaign speeches. When put into print, it becomes more of a reality...not just idle
campaign blabbering. Proposed Changes In Taxes After 2008 General Election:
CAPITAL GAINS TAX
McCAIN - 15% (no change)
OBAMA - Increase to: 28%
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 aretirement 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.
McCAIN - 15% (no change)
OBAMA - Increase to: 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.''
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
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
How does this affect you? No explanation needed.
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.
This is not idle e-mail chatter, but actual facts from the candidates'' campaign speeches. When put into print, it becomes more of a reality...not just idle
campaign blabbering. Proposed Changes In Taxes After 2008 General Election:
CAPITAL GAINS TAX
McCAIN - 15% (no change)
OBAMA - Increase to: 28%
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 aretirement 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 - Increase to: 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 - Increase to:
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
How does this affect you? No explanation needed.
INHERITANCE TAX
McCain - 0% (No change, this tax has been repealed.)
OBAMA - keep 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.
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!!!
Just think about it before you vote; it is your money!!!