OBAMA CHANGE
It is 6:51 a.m. and 61.7 degrees outside. Junior and Pastrick are asleep downstairs on a couch. The Boarder is in her room with two cats. FROM THE INBOX VIA MARK:
Change = It's your money we are talking about
GO GATORS, WHO HAVE JUST SIGNED AN 80 MILLION DOLLAR MEDIA DEAL!Pass this one to you voting friends - of both main political parties.
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 counti ng on the income
from their homes as part of their retirement income.
DIVIDEND TAX
MCCAIN 1 5% (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 $18,7 50
Married making 60K- tax $9,000
Married making 75K - tax $18,750< class="EC_yshortcuts">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MCCAIN 0% (No change, Bush repealed this tax)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!!!
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