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[CVOJOE]

Proposed changes in taxes after the 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 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MCCAIN   0%     (No change, Bush repealed this tax)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" aka national healthcare programs...


 

[Free]

yes, Obama will be a disaster for this country.  There are only two ways he can get the money to pay for all his programs - print it or tax it (both a disaster).  The rest of the world is moving away from higher taxes. we now have the second highest corporate tax rate in the civilized world (after Japan).  Even places like Chile that have a socialist leader have 0% capital gains tax.  Capital will go elsewhere if its not welcomed in the US.  The answer is not to raise taxes, its to reduce expenses!!!!  We need a recession to wring out the excess of the last 10 years.  Republicans and Democrats are making promises they cant keep without destroying this country.  But between Obama and McCain, i just dont see how one can support Obama if they spend anytime thinking about the economy.

Free

[VaEagle]

I am Definitely NOT an Obama supporter but the correct information on the taxes can be found here :

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

[BIGDOG]

yes, Obama will be a disaster for this country.  There are only two ways he can get the money to pay for all his programs - print it or tax it (both a disaster).  The rest of the world is moving away from higher taxes. we now have the second highest corporate tax rate in the civilized world (after Japan).  Even places like Chile that have a socialist leader have 0% capital gains tax.  Capital will go elsewhere if its not welcomed in the US.  The answer is not to raise taxes, its to reduce expenses!!!!  We need a recession to wring out the excess of the last 10 years.  Republicans and Democrats are making promises they cant keep without destroying this country.  But between Obama and McCain, i just dont see how one can support Obama if they spend anytime thinking about the economy.

Free

If we just reduce expenses we don't replace the trillions Bush has pissed away. I hate taxes like the rest of you but we have to pay off our debt. If some one can explain how to do that with out more taxes that would be great , but you are not going to develop more jobs in this global economy and a tax rebate is like leaning into a punch. I sure don't have the answer but neither does MCCAIN or OBAMA. One just tells you what you all want to hear and the other tells you all what might have to be done.

[JCZ]

If we just reduce expenses we don't replace the trillions Bush has pissed away. I hate taxes like the rest of you but we have to pay off our debt. If some one can explain how to do that with out more taxes that would be great , but you are not going to develop more jobs in this global economy and a tax rebate is like leaning into a punch. I sure don't have the answer but neither does MCCAIN or OBAMA. One just tells you what you all want to hear and the other tells you all what might have to be done.

That's what I meant to say......a loose/loose situation at hand people.

[miker]

National lotto!

Leagalize, regulate and tax prostitution, illicit drugs, pot and whatever else one desires to ingest, stuff up ones own or someones elses orifice and whatever debauchery can be utilized as a revewnue stream..

Invade some hapless country and take their chit...

[Midnight Rider]

Odd to me how everyone jumps all over the "Socialized Medical Care", just like "third world countries".  What third world countries are you talking about?  

We have the MOST expensive health care system of any developed country in the world, and the LEAST number of people with healthcare coverage.  The vast majority of developed countries...like the European, Scandinavian countries, etc...have BETTER, more responsive, more personalized, more localized healthcare, that is LOWER in cost, compared to the US.

It's also funny (in an odd way, not a humorous one) how it's always the people who can afford the very best private health care insurance, are the ones bitching about their fear of national healthcare policy.  When is everyone going to understand that the ones who are insured PAY for those who are not, regardless of how it is accomplished.  Who do you think pays for the charge backs for those who go to the emergency room (the most expensive health care) but do not have insurance to cover the visit, and only go there because they do not have a regular doc they can call up to tend to their needs?  EVERYONE!!!  

How many here are NOT covered by private health insurance, either out of pocket, because you make enough money to actually afford a $900 a month premium, or through their place of employment, who picks up the lion's share of the premium costs?  How many people here are making $10 an hour, with NO coverage, or with some chitty coverage with a 2K deductable per year, which costs them $100 bucks a week for family coverage?  I would venture to say NOBODY.  I'll even raise the stakes:  $20 an hour?  Ever priced an effective health care policy for your family?  Could you pay for GOOD coverage for your children on $20 an hour if your company offered little, if any, benefits?

It's disgraceful that the wealthiest, most powerful country in the world does such a piss poor job of taking care of it's citizens health care needs.  SOMETHING needs to be done, even if the initial implementation has a few bugs to work out.   No system is perfect, but what we have here just plain sucks for those who are not fortunate enough to work for companies who provide good benefits to their employees.

[grc]

If we just reduce expenses we don't replace the trillions Bush has pissed away. I hate taxes like the rest of you but we have to pay off our debt. If some one can explain how to do that with out more taxes that would be great , but you are not going to develop more jobs in this global economy and a tax rebate is like leaning into a punch. I sure don't have the answer but neither does MCCAIN or OBAMA. One just tells you what you all want to hear and the other tells you all what might have to be done.

Aw come on, you mean that stuff about a free lunch was a lie?  I'll be damned.

If we as private citizens ran our finances the way the Federal government does, we would all be sleeping under an overpass somewhere and eating out of garbage cans.  Even a government cannot just borrow indefinitely or print money until it takes a wheelbarrow full to buy a loaf of bread.  People used to say about the national debt, "Don't worry, it's just money we owe ourselves".  Well, that was never really true, but it definitely isn't true now.  Much of that debt is owned by foreign interests and foreign governments like China.  If we have any international law scholars on the site, what is the process for foreclosing on a country?  Do we have a really big sheriff's sale, or what?

Jerry

[VAZHOG]

Earmarks and addon's form all the members of congress ( Except MaCcain) added to the pissing away and no sign of stopping. NO- to Health Care, one of the unseen cost that's adding to health care , Go to the emergency room and see how many(NON) Citizens are waiting for health care that won't be able or willing to pay.

Cut the Earmarks and Subsidy's before Rasising Taxes higher.

Stop Voting for the democrats- They cannot live without Revenue in the form of TAXES ON EVRYTHING- So they can give stuff away.

[Midnight Rider]

The ER is just a tiny, tiny percentage of the problem.  The healthcare issue has been coming to a head for decades...now that the baby boomers are all aging, and for those who have never really had affordable health care...changes are going to happen whether Republicans or Democrats are in control of things.  Wait and see...nobody is going to change the momentum that is taking us headlong into a healthcare crisis in this country, and the imigrants are not the cause.  That (imigration) is a problem that needs to be addressed, but it all takes MONEY, and currently all of ours is being spent in the desert.

What would YOU do if your child was really sick, and you have no insurance?  Go to the ER, perhaps?  What alternative would you have?  It's easy for us to sit back in our air conditioned homes, with our two or more reliable vehicles, viable bank accounts, in relative comfort, and talk about what people OUGHT to do or not do, but the reality for most is entirely different.

Mandatory birth control is one long term solution to the world's problems, but the Right to Lifer's can't even move past a woman's right to choose what she feels is best for her own body and future economic well being, much less the consequences not only to her, but to the unwanted child and all the repurcussions that whole thing entails for our social structure....and that is a basic plank of the Republican Party.  Yet it's that very same party who whines all the time about government being in their business activity.  Guess it's OK for them to be in your bedroom, or dictate whether a woman carries a child to term.  Oh, and by the way, that unwanted child will be in the ER too...and then possibly prison.  People ought to have to take a test to have kids...Implanted birth control, anyone?

Big Picture thinking is what is needed, not the myopic, narrow minded, listen to no one but those who say what he wants to hear leadership we currently enjoy.

McCain is a good man, but he'll never live to see two terms in office, IMO.  Fresh thinking is needed, not the same old chit we've been forced to digest for the past 8 years.

[Coolbreeze]

hmmm....      I think that Snopes has developed a slant.  I can't prove it, but I think it.   Any ideas on how to prove that? (That are within the time constraints of someone with a job and a family?)     

[Midnight Rider]

They generally site their sources of information, and they are generally non-partisan sources...not Rush Flemball or Barbara Streisand.  I believe they make an honest attempt at exposing things for what they are.  There are equal amounts of garbage floating around about GW that they have claimed to be false.

Stangely, the right side on this site only questions the things Snopes reports that disprove the internet garbage that works in their belief system.

[Twolanerider]

They generally site their sources of information, and they are generally non-partisan sources...not Rush Flemball or Barbara Streisand.  I believe they make an honest attempt at exposing things for what they are.  There are equal amounts of garbage floating around about GW that they have claimed to be false.

Stangely, the right side on this site only questions the things Snopes reports that disprove the internet garbage that works in their belief system.

From now on the only facts I'm going to believe are those I make up myself.

[Midnight Rider]

From now on the only facts I'm going to believe are those I make up myself.

Aren't those the only one's we believe anyway?   

[Twolanerider]

Aren't those the only one's we believe anyway?   

Unless they come over the Internet!