IMPORTANT Comparison of the Candidates
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| Sat, 11-01-2008 - 10:01am |
I received this from my accountant:
COMPARISON MCCAIN VS. OBAMA
Favors new drilling offshore US: McCain YES, Obama NO
Will appoint judges who interpret the law not make it: McCain YES, Obama NO
Served in the US Armed Forces: McCain YES, Obama NO
Amount of time served in the US Senate: McCain 22 YEARS, Obama 173 DAYS
Will institute a socialized national health care plan: McCain NO, Obama YES
Supports gun ownership rights: McCain YES, Obama NO
Supports homosexual marriage: McCain NO, Obama YES
Proposed programs will mean a huge tax increase: McCain NO, Obama YES
Voted against making English the official language:McCain NO, Obama YES
Voted to give Social Security benefits to illegals: McCain NO, Obama YES
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 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 $12,500
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:
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 could almost 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0% (No change, Bush repealed this tax)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 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 above at the following web sites:
http://money.cnn.com/news/specials/election/2008/index.html
http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html
http://elections.foxnews.com/?s=proposed+taxes
http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html
http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/
http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/

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Sigh, there are real differences between the candidates. Why do you have to perpetuate lies?
http://www.snopes.com/politics/obama/taxes.asp
Edited 11/1/2008 11:05 am ET by slowroadrunner
I'd fire anyone I employed who was sending me unsolicited political information attemtping to sway me toward or away from any candidate.
I'd certainly find a new accountant if I had one who was sending me lies (such as that Obama will implement socialized medicine), I'd hardly trust my finances to someone with this lack of critical thinking ability.
It seems all the McCain supporters have left is this attack business -- funny though?
Common sense tells us that Obama simply cannot finance all the government programs he has promised (free health care for all, free college education for all, annual government
Obama is the one who lies. Look at his record he has never - NOT ONCE - voted to decrease taxes. What makes you think that he will do so this time? Also, he ran for the Senate on a promise to cut taxes for the middle class, yet he has never, not once tried to make good on that promise. In fact it is just the opposite, he votes AGAINST tax cuts, and has never proposed legislation to cut taxes for the middle class like he promised the voters when running.
Honestly I didn't know that this was an email circulating around the internet, but it does make sense, based on Obama's RECORD - not just his rhetoric.
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