Tuesday, October 14, 2008

Vote McCain


I'm taking a leap here but here it goes: Vote McCain. Here are only a few of the reasons why:




INTERESTING DATA JUST RECEIVED ON TAXES Please spread the word. This is something you should be aware of so you don't get blind sided. This isreally going to catch a lot of families off guard. It should make you worry. Proposed changes in taxes after 2008 General election:


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 $12,500Single making 75K - tax $18,750Married making 60K- tax $9,000Married making 75K - tax $18,750Married 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MCCAIN 0% (No change, Bush repealed this tax)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, 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!!!


Also CLICK HERE to watch a video about the current economic crisis and Obama.

5 comments:

Amy said...

Hey guys, nice to have you back in the blogosphere:)

But, in regards to this post:
PLEASE CHECK YOUR SOURCES!!!!!
www.snopes.com is my go-to resource.
Here is a link that pretty much quotes word for word the email forward that you probably got your info from:
http://www.snopes.com/politics/obama/taxes.asp

Check this site out, check your sources and above all DO NOT BELIEVE ANYTHING IN EMAIL FORWARDS!!!

Melanie said...

wow, scary statistics! im voting! Dont worry! ps, Im glad your back (at this for this post) in the blogging world!

evelania said...

Good point, I should have checked my sources. Maybe it's that I dislike Obama so much that I just want to believe it! I'll have to do some research and update my post...but that will have to wait. In the meantime, vote YES on prop 8 to save marriage if you're a California Voter.

baby said...

Aha! You snuck in a message. Mama Olive

Annie said...

Some true, some not. It's always good to check sources. Obama is not all the bad and actually if it weren't for his weak stance on the moral issues I'd probably vote for him. Unfortunately I'm not in love with McCain either so what to do...We need a good Libertarian candidate is what we need!