joerockhead

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I just wonder.

I know the Capitol Gains tax would be accurate.
I also Know that Obama wants socialized Medicine.



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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 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 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MCCAIN 0% (No change, Bush repealed this tax)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 taxes to pay for socialized medicine
so we can receive the same
level of medical care as other
third-world countries!!!

___________________________________________


Visit the worlds best website -
www.badass67.com - Black Sunshine

Sheepe

Where'd you get it? It seems a bit like its manipulating some numbers trying to portray a very right wing sentiment. Plus, you have to consider a lot of the things left out...

but yeah, very interesting

-Sheepe

93crawler

Yeah, source please. I highly doubt that Obama will raise your taxes in every single area the you have pointed out. As far as I know, the only thing he's interested in repealing is Bush's tax cut, which went to the richest 1% of the country mainly. Have you ever heard about how Warren Buffet, the richest man in the world, pays less as a percentage in taxes than his secretary!? I'm sure the rich can afford to pay a little more. As far as the socialized medicine, Obama is only in favor of Universal health insurance at the moment, and there's quite a big difference between socialized medicine and universal health insurance. I hope you know the difference between the two.

If you want to continue what Bush has done, then by all means vote McCain. I happen to think that this country cannot take another 4 years of the same policies that have weakened our economy to the point of breaking, made us less safe in the world by increasing terrorist camps and recruiting worldwide, and is virtually destroying the middle class.

Krasch

The only reason someone like Buffet might pay LESS taxes as a percentage of his income than his secretary is because he takes full advantage of the available tax shelters, deductions, and credits. Without such provisions he would pay far, far more under the progressive tax system you guys in the US have.

Of course, this ignores the reality that Buffet no doubt pays far, far more taxes in actual dollars than his secretary. In fact the top few percent of wage earners in the US pay well over half the entire taxes received.

As for Bush's tax cut going to the top 1% of the country mainly, how the heck do you come up with that? Comparing the above McCain tax numbers to the Pre-Bush Obama numbers, EVERY group would pay less taxes under McCain than Obama, and there's a hell of a lot more people out there making 30k than 75k. Yes the amount of the tax cut is higher in dollars to the richer folks, but not as a percentage of their income.

Using the above numbers at the maximum income for each bracket:

McCain
Single making 30K - tax 15%
Single making 50K - tax 25%
Single making 75K - tax 25%
Married making 60K- tax 15%
Married making 75K - tax 25%
Married making 125K - tax 25%

Obama
Single making 30K - tax 28%
Single making 50K - tax 28%
Single making 75K - tax 31%
Married making 60K- tax 28%
Married making 75K - tax 28%
Married making 125K - tax 31%

And in fact looking at the above numbers, one might well note that the Bush tax cuts McCain would keep had the largest drop percentage wise of taxes going to singles making 30k or less or couple at or under 60k. So in fact it was the POORER Americans who REALLY benefit from said tax cuts, not the wealthy. The poorer Americans saw their taxes cut by almost HALF. That "top 1% of the country" is nothing more than Democrat-spewed obfuscation of the facts. But if you tell a lie often enough some people will actually start to believe it.

joerockhead

Explain what is left out? What do you have?

Obama already said he would Rasie the Capitol Gains from 15% to 28%

It is a fact, that under the BUSH tax cut, someone making under $75,000 gets over $450.00 back from the IRS, yet, under Obama's ($1000 Credit) gets only $250.00 So, how is THAT making the Middle Income getting More!!

Check it out yourselves!!!! You will see I AM RIGHT!

How is Obama going to PAY for the Medical??? Raise Taxes

Yes, The Rich doe get a GREAT Break under Bush, but they STILL PAY MORE THEN WE DO!!!!!!!!!

Do not be BLIND!!

And justify YOUR comments with Facts!

___________________________________________


Visit the worlds best website -
www.badass67.com - Black Sunshine

FattyJJ

You still didnt give us your source. Don't demand facts from us when you cant even supply a simple source. Or perhaps, your source is from a source so far to the right your ashamed to admit how biased it is.

Obama has to raise taxes to make up for the fuckup that is your buddy Bush. This Trillion dollar war, that was supposed to be paid by oil, wasnt. Someone has to pay for it, and Bush knew who that would be, but he knew he wouldnt be in office when the check needed to be cashed.

Do I agree with raising taxes? Hell fucking no. But I would rather pay more taxes than suffer 4 more years of failing Bushonimics, and war mongering.

Juan.©amaney

Please don't question the intents of the post or it's author. SImply debate what's presented.

___________________________________________

Bonecrusher

Ive seen a report/article very similar to this somewhere before. I've searched around but I can not find it. Obama wants to punish those who are successful and work hard while rewarding those who sit back on their ass assuming their country owes them.

That aside...I agree with the post because of other articles I've read that seperately touch on each thing mentioned. If your middle class you'd better vote Republican unless you're ready to work your ass off for the next 4 years helping the poor become slightly better off.

Obama can attempt to restore the economy by handing out more money to the poor. He'll tax the rich and especially the middle class. The middle class are helpless because they have to work more and spend less to make ends meet. To the rich it matters not who is president...they still have money even if they pay more in taxes. To the poor it absolutely matters who is in office because if it's Dumbocrat like Obama they are guaranteed more handouts, more freebies. With a Republican they are limited in their charity case abuse

The Middle Class make too much to qualify for any of Obama's handouts. In fact the Middle Class will pay more for it than the rich. The Middle Class work hard in hopes of becoming a little more like the rich...while the poor sit back...accept the handouts paid for by the middle class and live a little better until a Republican gets back in office.

The economy was good when Clinton was in office because he borrowed trillions of dollars from other companies. Handed out billions of dollars to the poor who in turn spent their money and the rich got richer sharing a bit of their wealth with their middle class employees.

Maybe we'll get lucky and Obama will find countries willing to lend us money and Oshama will give the poor enough handouts to spend that the rich will get richer and share with the middle class again and we can all get out of debt.

IThough 'm sure it really matters not who the President is anyway. As long as people and companies are spending more money than they are making they'll be broke and close to bankruptcy. The same could be said for our Government.

joerockhead

Sadly, this is the very truth.
I do not think that Obama will Punish the Rich, he just talks that to get elected. He will cut them breaks too, because they will donate to his Party.

The Middle Income, like 90% of everyone on this site, will still pay the bulk of the taxes.

___________________________________________


Visit the worlds best website -
www.badass67.com - Black Sunshine

Krasch

Nice idea, but sadly wrong.

The top few % of wage earners pay over 50% of the taxes received by the government. Under either Obama or McCain that will still be the case, the only real difference is how much of the burden relatively speaking will be footed by the poor and middle class.

joerockhead

No, I know the top 3 % pay the most, but what I am saying is - Obama wants people to think the Bush (and thus the McCain) tax cut is for the Wealthy and Not US, the middle income. That is the ONE thing he ALWAYS says!!! He thinks if people hear it enough, it may be true. He WILL not raise the taxes on the Rich, just US, the Middle Income!

And yet, People are buying it!! He would NEVER raise the tax ont he rich, cuz then HE would have to pay more!

___________________________________________


Visit the worlds best website -
www.badass67.com - Black Sunshine

Krasch

Well on that we certainly agree, although I expect the tax hike will hit the wealthy too, just not as much percent-wise.

But then "Republican tax cuts are only for the wealthy" has been a Democrat mantra for decades. They claimed the same thing about Reagan's and that was just as false. I'm not even sure Obama believes it or expects us to either, but if the Dems ever backed off from that stance, they'd have to admit that Dutch was right and Reaganomics did actually work. And THAT is something they just can't bring themselves to do as it would make them look like idiots and liars.

Bonecrusher

I'm not the least bit convinced that Obama has the slightest idea how to even run this country.

He's not been involved with the Government long enough to learn anything more than most Political Science majors learn in during college.

The guy hasn't been involved in Congress long enough to make the kinds of aquintances needed to find a strong supporting and educated staff to help him make the decision he has no idea how to make.

He has no clue as to what needs to be done nor more importantly what should be done.

The guy litteraly came out of nowhere...especially in the context of a political candidate and possible President of the United States.

How many of you can even recall which state he represents?

I don't know if we should even be concerned about the statements above because there is no telling what this man could do if elected.

His ego, desire for popularity, and lack of knowledge could drive this country to the brink of disaster.

Our Congress can thankfully save us from much of that but if they are a liberally controlled mass of idiots then we stand no chance.

Appease the lower class and the minorities and we will have an uprising. It will not be good for our country.

He will tax the middle class into oblivion because the middle class make up the largest, hardest working section of our country. They are the class without a voice. We're too busy trying to make ends meet and support our family. We don't have the resources of the rich nor the time to take away from our daily lives to stand up and be heard. We don't have liberal hippy volunteers to speak up for how we need so much more given to us and government handouts that allow us to sit back on our butts while our children receive free medical care.

Obama will destroy this country. If even a fraction of the above is true we are doomed.

The middle class will soon join the lower class and we will be a society of two classes destined to fail. Other countries are already on our tail and ready to assume the role of the World's greatest superpower.

as the middle class have less to spend our dollar will become even weaker. We will face financial crisis like never before. but the rich will have more money and the poor will have more handouts so what will it matter?