LET'S ALL GO INTO THIS ELECTION WITH OUR EYES WIDE OPEN! The following data, taken from the public record, reveals each Presidential Candidate's proposed TAX Plan, if elected. Each taxpayer should become more informed before the November-08 General Election......or be willing to pay the tariff of ignorance, once taxes are enacted. INTERESTING DATA 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 TAXES AFTER THE 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 MCCAIN 0% (No change, Bush repealed this tax) 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!!!