Taxes and Candidates?

[Tom Earp]

Yes, CHANGE we can count on……….





INTERESTING DATA JUST RECEIVED ON TAXES

Spread the word.....


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MCCAIN 0% (No change, Bush repealed this tax)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

[Kevin]

That can't be real. I'm not a big fan of Obama, but I highly doubt he'd nearly double the tax liability of the lowest bracket.

[UGAalum94]

Tom, what's the source for that information?


It looks like an email forward, and those aren't real accurate.

ETA: from snopes.com

http://www.snopes.com/politics/obama/taxes.asp

It doesn't seem to be accurate at all if you consider snopes good at analysis and using good sources.

[KSigkid]

Originally Posted by Kevin

That can't be real. I'm not a big fan of Obama, but I highly doubt he'd nearly double the tax liability of the lowest bracket.

Dude, it was an email forward. It HAS to be accurate.

[Tom Earp]

Originally Posted by KSigkid

Dude, it was an email forward. It HAS to be accurate.

Yes it was a forward email so that makes it in error or wrong?

So people who find things cannot pass them along?

I am not saying it is correct, it is something to think about!

If you do not accept it that is fine, but just a thought process to expand yourselves!

I want my vote to count!

[KSigkid]

Originally Posted by Tom Earp

Yes it was a forward email so that makes it in error or wrong?

So people who find things cannot pass them along?

I am not saying it is correct, it is something to think about!

If you do not accept it that is fine, but just a thought process to expand yourselves!

I want my vote to count!

Well, as a forward, it's probably wrong. Especially when the numbers are so out of whack.

There are plenty of things to think about in the election. I just prefer to get my information from more reliable sources (like candidates' websites, reports in the media, media experts, and friends I have working for the campaigns).

[preciousjeni]

Don't know how y'all feel about Business Week but:

McCain's tax cuts would help those with very high incomes; Obama would offer breaks to low- and middle-income earners and increase the burden on the rich

http://www.businessweek.com/investor...ndex_top+story

[DSTCHAOS]

Originally Posted by Tom Earp

Yes it was a forward email so that makes it in error or wrong?

Haven't you been asked to stop cleaning out your damn inbox on this board?

Whatever the real numbers are, YES taxes will need to increase in order to level the playing field (including "middle class Americans" who had more income than wealth and are struggling in this recession) and invest in social programs.

NO this is not ridiculous or unheard of. If Americans only knew what our tax dollars were being wasted on every year, the smart ones would be thrilled to invest in something that actually HELPED its citizens and invested in the future. And I'm talking the average citizen. Not the top 3% or the hoitytoity Americans who confuse coming from generations of wealth with actually having WORKED/EARNED for it themselves.

This isn't about Politics: Obama, McCain, Democrat, or Republican. They can all go to hell, as far as I'm concerned. What it is about is Americans knowing what's going on around them and knowing that stuff isn't FREE. Hell, we invest in domestic and global capitalism so why not invest in the overall wellbeing of our nation?

Woooooooooosaaaaaaaaaahhhhhhhh....

[jon1856]

Tom, Tom, Tom......
"What is wrong with it?" you ask.
Tom, read the link from Snopes.com or pick any other urban legion Web site you care to locate (I do not have my personal list handy or I would send it to you)
The whole point of these "e-mail to everyone you know" is to send and help spread some sort of usually false rumor.
If not crime related, it is politics.
If not about some sort of charity, it is about a celebrity.
The lists, just on snopes goes on on on.
If you would like my personal list (which I may have posted on GC at some point-could be in web sites thread)-let me know.
ETA-found an old posting here. I may have update mine but any of this should work for you Tom.
Please make use of them before you send anyone else any more of your e-mails:
About com/Urban Legends, Folklore & Myths:
http://www.snopes.com
http://urbanlegends.about.com
http://kumite.com/myths/
http://truthorfiction.com/
http://hoaxbusters.ciac.org/

Originally Posted by Tom Earp

Yes it was a forward email so that makes it in error or wrong?

So people who find things cannot pass them along?

I am not saying it is correct, it is something to think about!

If you do not accept it that is fine, but just a thought process to expand yourselves!

I want my vote to count!

[DSTCHAOS]

Originally Posted by preciousjeni

Don't know how y'all feel about Business Week but:



http://www.businessweek.com/investor...ndex_top+story

That's a typical Liberal Democrat method of rebalancing the scale and finding an alternative to redistributing wealth (which can't be done under this capitalism, anyway).

He's just reversing the wealthfare that's been going on for decades. This shouldn't be seen as a punishment to the wealthy or the rich (who aren't always one in the same). They should think of it as an ongoing charity ball, which we all know are wonderful.

And, no, you don't have to be of the NONwealthy or the NONrich to feel that this is a good idea. You have to be able to see the world through a more objective lens and through the lens of others.

[Tom Earp]

Nope a conservative.

But my post must have been in error.

Well I guess the vote will tell won't it?

So, I guess pee off will suffice if some do not like my post and that is fine!

Oh, I wonder if this will get me banned again?

[KSigkid]

Originally Posted by DSTCHAOS

Haven't you been asked to stop cleaning out your damn inbox on this board?

Whatever the real numbers are, YES taxes will need to increase in order to level the playing field (including "middle class Americans" who had more income than wealth and are struggling in this recession) and invest in social programs.

NO this is not ridiculous or unheard of. If Americans only knew what our tax dollars were being wasted on every year, the smart ones would be thrilled to invest in something that actually HELPED its citizens and invested in the future. And I'm talking the average citizen. Not the top 3% or the hoitytoity Americans who confuse coming from generations of wealth with actually having WORKED/EARNED for it themselves.

This isn't about Politics: Obama, McCain, Democrat, or Republican. They can all go to hell, as far as I'm concerned. What it is about is Americans knowing what's going on around them and knowing that stuff isn't FREE. Hell, we invest in domestic and global capitalism so why not invest in the overall wellbeing of our nation?

Woooooooooosaaaaaaaaaahhhhhhhh....

I can see what you're saying, there's a lot of ridiculous spending going on out there, no question.

But, it's not just the top 3% or the hoitytoity who want a stop to the over-spending or who believe in some sort of financial conservatism. There are a lot of us who grew up in lower-middle class households (like myself) who also hold those beliefs. Some of us think that private industry can take up some of these costs, and that the investment in domestic and global capitalism helps in that way.

Either way you feel, it's a big topic that's not adequately covered by email forwards...

And Tom - I'm guessing the offensive remarks in other threads will get you banned faster than posting forwards.

[jon1856]

Nothing wrong with your post Tom at all.
Just:
1) The facts within it.
2) That you have been advised before to check your facts before sending
"forwards" to anyone.
3) That you sent out a false "urban legend".
4) You have been asked to download the spell check and to use it. I know I suggested that to you at least once before. If I did not use it, my own posts would look a great deal worse than they already do.
But I do have to wonder,every so often, if your posting style is all an act.

Originally Posted by Tom Earp

Nope a conservative.

But my post must have been in error.

Well I guess the vote will tell won't it?

So, I guess pee off will suffice if some do not like my post and that is fine!

Oh, I wonder if this will get me banned again?

[DSTCHAOS]

Originally Posted by KSigkid

But, it's not just the top 3% or the hoitytoity who want a stop to the over-spending or who believe in some sort of financial conservatism. There are a lot of us who grew up in lower-middle class households (like myself) who also hold those beliefs.

You misinterpreted my post or I didn't convey the point clearly.

I wasn't talking about over-spending and financial conservatism when I referenced the top 3% and the hoitytoity. I was talking about the fact that these social programs are designed as safety nets for* those who are not of the top 3% or who come from generations of wealth (which isn't the same thing as "hoitytoity" unless you have a sense of entitlement (often for money that you didn't work for yourself) that translates to your views on certain social policies). These people represent the minority but are the majority in terms of power.

* Of course, technically, social programs are available to all citizens but there tend to be maximum income requirements, etc.

ETA: And I only included those two categories because there's a HUGE difference wealth and income. I should've included the wealthy who don't come from generations of wealth. Anyway, a lot of people confuse living comfortably and affording certain luxuries with having a safety net in times of recession. Families don't invest or build wealth. They accumulate debt because they overestimate their income's worth. That goes for folks making 60K and folks making 200K who aren't putting money away in investments and wealth-building assets.

[preciousjeni]

Originally Posted by DSTCHAOS

That's a typical Liberal Democrat method of rebalancing the scale and finding an alternative to redistributing wealth (which can't be done under this capitalism, anyway).

He's just reversing the wealthfare that's been going on for decades. This shouldn't be seen as a punishment to the wealthy or the rich (who aren't always one in the same). They should think of it as an ongoing charity ball, which we all know are wonderful.

And, no, you don't have to be of the NONwealthy or the NONrich to feel that this is a good idea. You have to be able to see the world through a more objective lens and through the lens of others.

I agree with everything you've said. Perhaps it was the title I quoted that prompted this post? The reality is that Obama's tax plan will more significantly impact the wealthy/rich, but I don't believe that's a bad thing.