> INTERESTING DATA COMPARISONS JUST RECEIVED ON TAXES
>
> As a small business man, I am being hit hard with many
> taxes now. Please, be aware about your proposed future
> taxes; personal, business or even pension accounts.
> This is something you should be aware of so you
> don’t get blind sided. This is really 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 $12,500
> 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 (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 MCCAIN 0% (No change, Bush repealed this tax)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 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!!!
>
> As a small business man, I am being hit hard with many
> taxes now. Please, be aware about your proposed future
> taxes; personal, business or even pension accounts.
> This is something you should be aware of so you
> don’t get blind sided. This is really 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 $12,500
> 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 (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 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!!!
for more on obama, godzillawarhouse.spaces.live.com