This author didn't write it, supposedly the man who signed his name below did write it. This author simply did a little bit of checking to see if it was accurate. Every point one of the authors checked was accurate.
You have my permission to forward this financial information to everyone on the planet. See below. It might affect you.
Keith Wilsdorf, PE 19777
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Make sure you know the facts and your vote can make a difference!
INTERESTING DATA RECEIVED ON TAXES
This is something you should be awareof 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 changes in taxes after 2008 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 ontaxes. If you are heading toward retirement and would like to down-size yourhome or move into a retirement commu nity, 28% of the money you make fromyour home will go to taxes. This proposal will adversely affect the elderlywho are counting on the income from their homes as part of their retire mentincome.
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, collegefunds, life insurance, retirement accounts, or anything that pays orreinvests dividends, you will now be paying nearly 40% of the money earnedin taxes if Obama become president. The experts predict that 'higher tax rates on dividends and capital gainswould 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 - t ax $12,500 Single making75K - 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 Singlemaking 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 $38750
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MCCAIN 0% (No change, Bush repealed this tax)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 andranches, and homes that have been in their families for generations becausethey could not afford the inherita nce tax. Those willing their assets toloved 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 taxe s to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!
Does this make you "feel good" ?? Inspired ?? Is this the change youare/we are looking for ??
Labels: Elections