Obama is Wrong on Taxes

Make sure you know the facts and your vote can make a difference!


INTERESTING DATA RECEIVED ON TAXES 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 retire ment
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
in taxes if Obama become 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MCCAIN 0% (No change, Bush repealed this tax)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 and
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 not only lose them to these taxes.

NEW TAXES BEING 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 taxe s to pay for socialized medicine so we can receive the same level
of medical care as other third-world countries!!!



Does this make you "feel good" ?? Inspired ?? Is this the change you
are/we are looking for ??

As Obama recently stated, "we need to spread around the wealth. . ." In other words, if you didn't earn it you should still get it. Under Obama's plan, 45 million people who pay no taxes in the USA will receive a check from the government anyway on the first of each year, which amounts to a subsidy, or, in other words, welfare. Remember, his new taxes on businesses above $250K is on the basis of gross receipts and not net income. Do we really want government bureaucrats determining how the wealth generated in America is distributed amongst the populace? How else will Obama fund his trillion dollars in new spending if not via huge tax increases?

Dad