What is your view on this?
I just got this emailed to me and was wondering other peoples views on these issues and if they are accurate?
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS
Favors new drilling offshore US McCainYes Obama No
Will appoint judges who interpret the law not make it McCainYes 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 abortion throughout the pregnancy McCain No Obama Yes
Would pull troops out of Iraq immediately McCain No Obama Yes
Supports gun ownership rights McCain Yes Obama No
Supports ********** 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 ObamaYes
Voted to give Social Security benefits to illegals McCain No ObamaYes
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 so we can receive the same level of medical care as other third-world countries!!!
December 23rd, 2008 at 3:21 am
Sounds like it came straight from the RNC to me.
December 23rd, 2008 at 6:12 am
I am not positive but most looks like it’s true.. I know Obama wants to reinstate the taxes but numerically I do not know exactly what that means… But most of it looks pretty accurate…. but that is just off the top of my head…
Though I wouldn’t really trust things like chain emails though… :/
December 23rd, 2008 at 7:07 am
Copy and print…
up for review, get back to ya later on that accurate part. It is well composed though.