2008 PRESIDENTIAL CANDIDATE COMPARISON

2008 PRESIDENTIAL CANDIDATE COMPARISON:

ISSUE			JOHN McCAIN	BARAK OBAMA
Favors new drilling offshore US			Yes	No
Will appoint judges who interpret the law not make it			Yes	No
Served in the US Armed Forces			Yes	No
Amount of time served in the US Senate			22 YEARS	173 DAYS
Will institute a socialized national health care plan			No	Yes
Supports abortion throughout the pregnancy			No	Yes
Would pull troops out of Iraq immediately			No	Yes
Supports gun ownership rights			Yes	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			No	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 sale will go to taxes. This proposal will adversely affect the elderly who are counting on 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 money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will 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)		Income Tax Single, 30K $ 4,500 Single, 50K $12,500 Single, 75K $18,750 Married, 60K $ 9,000 Married, 75K $18,750 Married, 125K $31,250
OBAMA (reversion to pre-Bush tax cuts)		Single, 30K $ 8,400 Single, 50K $14,000 Single, 75K $23,250 Married, 60K $16,800 Married, 75K $21,000 Married, 125K $38,750 Under Obama, your taxes could almost double!
INHERITANCE TAX
McCAIN	- 0% (No change, Bush repealed this tax)
OBAMA	Restore the inheritance tax Many families 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 lose them to these taxes.
NEW TAXES PROPOSED BY OBAMA
New government taxes proposed on homes more than 2,400 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!!!

You can verify the above at following web sites:

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_ob ama_offer_different_visions_on_taxes.html

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