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OBAMA & MC CAIN COMPARE TAX PROPOSALS

Posted by Bill Cherry on Wednesday, July 09, 2008 6:42:56 PM

OBAMA VS. MC CAIN OR.....

It's Time to Consider Your Pocketbook
  

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
             
 
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%
       
 
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  (find your bracket)

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  (reverse all 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!
           
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MCCAIN   0%     (No change, Bush repealed this tax)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 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!!!

 You can verify the tax information at http://money.cnn.com/news/specials/election/2008/index.html

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Conservative Hosts Are Getting on My Nerves

Posted by Bill Cherry on Tuesday, July 08, 2008 11:15:53 PM
It is bewildering to me that some of the important conservative talk show hosts continue to air their displeasure with the decision that John McCain will no doubt be the Republican Party's candidate.
 
What is the benefit of this?  The hosts' preferred candidates lost.  Their candidate, whomever it was, was not the choice determined in the primaries. 
 
Their continuing to criticize, complain and berate Senator McCain has no value for the Republican Party or the nation.  Instead and it aids the Democratic candidate. 
 
Great idea! Do what you can to help the opposition's candidate win. 
 
Then we'll have at least four years of listening to the hosts tell us how the Republican Party could have won the election.  I, for one, won't be listening.
 
As much as I have always like Laura Ingraham...and I mean for years...I'm no longer listening to her program because of her broken- record-displeasure. 
 
But then several others of them aren't far behind.
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