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% (Increase)
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 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- See Chart Below)

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 as witnessed in the chart Above!!

INHERITANCE TAX

MCCAIN: 0% (No change, Bush repealed this tax)

OBAMA : Restore the inheritance tax
How does this affect you? Many families will loose businesses, farms and ranches, and homes that have been in their families for generations. Do you think they could afford the inheritance tax? If you were to go tomorrow and are willing your assets to loved ones will you also prepare them to pay the taxes under this plan or will you let them 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 taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!

If you think you are struggling to make ends meet now Vote for Obama and see how much more you loose if he becomes President!!

Come on People, I am not happy about either Parties choice for candidates this year but with this information dont you think the choice is obvious?? Get off the Wagon and Stop believing the Obama Flip Flop Campaign……..He is the ultimate Illusionist!! Everyone loves a Magic show but does everyone love Poverty, Terrorism and Lies??

Think about it!!

} The Mrs {