Faster horses
Well-known member
I'm got this in an email and it is VERY disturbing. I tried to look it up on snopes, but I couldn't find it. At the risk of being insulted by the libs here, I am posting it. I know that if they can refute them, they will. So here
goes. Please note that under the Income Tax the segement of our society that takes the biggest raise are those making $30,000 or less. So much for the Democrats helping the poor. The Democrats have got the country thinking that only the rich pay Capital Gains Tax. What a lie that is. Lower Capital Gains tax helps keep this country running. There was a big article on it not long ago in the Readers Digest about how much more the country took in under Bush's lower capital gains tax than under the higher Capital Gains tax under Clinton.
Anyway, read it and weep. And then VOTE FOR MCCAIN.
Subject: FW: Upcoming Election VS Your Economic Life?
Proposed changes in taxes after 2008 General election:
CAPITAL GAINS TAX
MCCAIN
15% (no change)
OBAMA
28%
CLINTON
24%
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%
CLINTON
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 or Clinton 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 $9,000Married making 75K -
tax $18,750Married 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
CLINTON
(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
How does this affect you? No explanation needed. This is pretty straight
forward.
INHERITANCE TAX
MCCAIN
0%
(No change, Bush repealed this tax)
OBAMA
keep the inheritance tax
CLINTON
keep 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 BOTH CLINTON AND 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!!!
Can you afford Clinton or Obama? I can't!!!!!
goes. Please note that under the Income Tax the segement of our society that takes the biggest raise are those making $30,000 or less. So much for the Democrats helping the poor. The Democrats have got the country thinking that only the rich pay Capital Gains Tax. What a lie that is. Lower Capital Gains tax helps keep this country running. There was a big article on it not long ago in the Readers Digest about how much more the country took in under Bush's lower capital gains tax than under the higher Capital Gains tax under Clinton.
Anyway, read it and weep. And then VOTE FOR MCCAIN.
Subject: FW: Upcoming Election VS Your Economic Life?
Proposed changes in taxes after 2008 General election:
CAPITAL GAINS TAX
MCCAIN
15% (no change)
OBAMA
28%
CLINTON
24%
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%
CLINTON
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 or Clinton 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 $9,000Married making 75K -
tax $18,750Married 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
CLINTON
(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
How does this affect you? No explanation needed. This is pretty straight
forward.
INHERITANCE TAX
MCCAIN
0%
(No change, Bush repealed this tax)
OBAMA
keep the inheritance tax
CLINTON
keep 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 BOTH CLINTON AND 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!!!
Can you afford Clinton or Obama? I can't!!!!!