[SumItUp]

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 the federal government. 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.

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
(allow the Bush tax cuts to expire)
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. This is straight forward.


NEW TAXES BEING PROPOSED BY OBAMA

* New government taxes proposed on homes that are more than 2400 square feet

* New gasoline taxes

* New taxes on natural resources consumption (heating gas, water, electricity)

* New taxes on retirement accounts

* New taxes to pay for socialized medicine.

[hurricane fan]

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 the federal government. 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.

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
(allow the Bush tax cuts to expire)
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. This is straight forward.


NEW TAXES BEING PROPOSED BY OBAMA

* New government taxes proposed on homes that are more than 2400 square feet

* New gasoline taxes

* New taxes on natural resources consumption (heating gas, water, electricity)

* New taxes on retirement accounts

* New taxes to pay for socialized medicine.

I'm not questioning you, but where did you get this info? Is there more to read?

[WinthropEagleFan]

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 the federal government. 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.

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
(allow the Bush tax cuts to expire)
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. This is straight forward.


NEW TAXES BEING PROPOSED BY OBAMA

* New government taxes proposed on homes that are more than 2400 square feet

* New gasoline taxes

* New taxes on natural resources consumption (heating gas, water, electricity)

* New taxes on retirement accounts

* New taxes to pay for socialized medicine.

I'm not questioning you, but where did you get this info? Is there more to read?

You should question it...there's no foundation behind pretty much all of those 'facts':

http://www.snopes.com/politics/obama/taxes.asp

Fyi, I'm not voting for Obama, I just hate when things are posted without any regards to accuracy.

[justagirl]

thanks for the link, it definitely reads MUCH different than the original post.

i know one thing: i will just be so glad when this is all over with. dang its gettin on nerves!

[blwall1416]

dang its gettin on nerves!

Don't say "dang."

[justagirl]

dang its gettin on nerves!

Don't say "dang."

did i miss something? is that considered "inappropriate" ?

[blwall1416]

Don't say "dang."

did i miss something? is that considered "inappropriate" ?

Just a joke.....in reference to something you've posted before...

I know for a fact, that Rob Jackson thinks "crap" "sucks" and "darn" are inappropriate...

[justagirl]

Don't say "dang."

did i miss something? is that considered "inappropriate" ?

Just a joke.....in reference to something you've posted before...

I know for a fact, that Rob Jackson thinks "crap" "sucks" and "darn" are inappropriate...

ahhh, you missed my cleverness. or maybe i'm just not as clever as i thought. i knew exactly what you were referencing. Thus the "is it considered inappropriate?"

[blwall1416]

ahhh, you missed my cleverness...i knew exactly what you were referencing. Thus the "is it considered inappropriate?"

indeed........I have been out-dueled.

Bravo.

[justagirl]

ahhh, you missed my cleverness...i knew exactly what you were referencing. Thus the "is it considered inappropriate?"

indeed........I have been out-dueled.

Bravo.

thank you, sir!