Monday, October 27, 2008

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- 0% (No change, Bush repealed this tax)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!!!









3 comments:

  1. Nice job!

    Let us pray and sacrifice as much as we can the next few...crucial days...

    ReplyDelete
  2. I wish I could take the credit, but it was forwarded to me in an email. I thought it concise enough to be worthy of publication.

    ReplyDelete

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