Gwizz Posted October 19, 2008 Author Share Posted October 19, 2008 All facts can be verified below from CNN sites & Washington Post. The most interesting is the taxThings down near the bottom.Too bad the news media chooses not to publish this! 2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS ISSUE JOHN McCain BARRACK OBAMA Favors new drilling offshore US JOHN McCain Yes BARRACK OBAMA NoWill appoint judges who interpret the law, not make it Yes No Served in the US Armed Forces Yes NoAmount of time served in the US Senate 22 YEARS 173 DAYSWill institute a socialized national health care plan No YesSupports abortion throughout the pregnancy No YesWould pull troops out of Iraq immediately No Yes Supports gun ownership rights JOHN McCain Yes BARRACK OBAMA No Supports homosexual marriage No Yes Proposed programs will mean a huge tax increase No Yes Voted against making English the official language No Yes Voted to give Social Security benefits to illegals JOHN McCain No BARRACK OBAMA Yes 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 becomes 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 $4,500Single making 50K - tax $12,500Single making 75K - tax $18,750Married 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 $8,400Single making 50K - tax $14,000Single making 75K - tax $23,250Married making 60K - tax $16,800Married making 75K - tax $21,000Married making 125K - tax $38,750Under Obama, your taxes could almost double! INHERITANCE TAX MCCAIN - 0% (No change, Bush repealed this tax) OBAMA Restore the inheritance tax Many families have lost businesses, farms, 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 only lose them to these taxes. NEW TAXES 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!!! Quote Link to comment Share on other sites More sharing options...
thomasjordan Posted October 19, 2008 Share Posted October 19, 2008 Gwizz:Nice list. Quote Link to comment Share on other sites More sharing options...
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