Tuesday, September 23, 2008

I just can't stop...

This really isn't meant to be a political blog, but for the next couple of months it may be sprinkled with lots of touchy posts.
for all of my friends wanting to vote democratic due to taxes and such, here is some interesting info i received today from a friend of mine.

Proposed tax changes by both candidates to take place after January 1st 2009.
1. CAPITAL GAINS TAX

MCCAIN
0% on home sales up to $500,000
OBAMA
28% on profit from ALL home sales
meaning,
If you sell your home and make a profit, you
will pay 28% of your gain on taxes.

2. DIVIDEND TAX
MCCAIN 15%
no change proposed
OBAMA 39.6%
meaning,
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.

3. 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

If Obama is elected your taxes will nearly double friends!!

4. 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No change, Bush repealed this tax)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 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
* 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!!!

check out the sources -
http://money.cnn.com/news/specials/election/2008/index.html

http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html

http://elections.foxnews.com/?s=proposed+taxes
http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html

http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/

http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/.

so my friends, it looks kind of bleak for anybody with a job if the libs get elected!
we are not a socialist country, do your research and get out and vote, esp. if you live in missouri which is still a battleground state.
just in case you were curious, here is the website of the church obama belonged to for 20 years and talked about on oprah.
www.tucc.org look up jeramiah wright... what a great mentor he must of been!!

2 comments:

K said...

Man... You really can't stop can you.

Jennine said...

Don't ever stop! The idea that "mommy bloggers" should keep their political views under wraps is insane.

"The hand that rocks the cradle is the hand that rules the world"