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Anonymous
Anonymous asked in Politics & GovernmentElections · 1 decade ago

Are you aware of these proposed tax changes?

>

> Proposed changes in taxes after 2008 General election:

>

>

> CAPITAL GAINS TAX

>

> < FONT face="Times New Roman">MCCAIN

> 15% (no change)

>

> OBAMA

> 28%

> CLINTON

> 24%

>

> 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%

>

> CLINTON

> 39.6%

>

> How will this affect you? If you have any money invested in stock

market, IRA, mutual funds, college funds, life insurance, reti! rement a

ccounts, or anything that pays or reinvests dividends, you will now be

paying nearly 40% of the money earned on taxes if Obama or Clinton

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

>

> CLINTON

> (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

>

> How does this affect you? No explanation needed. This is pretty

straight forward.

>

>

> INHERITANCE TAX

>

> MCCAIN

> 0%

> (No change, Bush repealed this tax)

>

> OBAMA

> keep the inheritance tax

>

> CLINTON

> keep 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 BOTH CLINTON AND 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!!!

>

> Can you afford Clinton or Obama? I can't!!!!!

>

> (in case you want more information on Obama's tax and spend agenda:

> If Sen. Barack Obama (D-IL) Could Enact All Of His Campaign

Proposals, Taxpayers Would Be Faced With Financing $874.35 Billion In New

Spending Over One White House Term:

> Updated February 14, 2008: Obama’s National Infrastructure

Reinvestment Bank Will Cost $60 Billion Over Ten Years; Equal To $6 Billion A

Year And $24 Billion Over Four Years. Obama: “I’m proposing a National

Infrastructure Reinvestment Bank that will invest $60 billion over ten

years.” (Sen. Barack Obama, Remarks On Economic Policy, Janesville, WI,

2/13/08)

> Obama’s Health Care Plan Will Cost Up To $65 Billion A Year; Equal To

$260 Billion Over Four Years. “[Obama] campaign officials estimated

that the net cost of the plan to the federal government would be $50

billion to $65 billion a year, when fully phased in, and said the revenues

from rolling back the tax cuts were enough to cover it.” (Robin Toner

and Patrick Healy, “Obama Calls For Wider And Less Costly Health Care

Coverage,” The New York Times, 5/30/07)

> Obama’s Energy Plan Will Cost $150 Billion Over 10 Years, Equal To

$15 Billion Annually And $60 Billion Over Four Years. “Obama will invest

$150 billion over 10 years to advance the next generation of biofuels

and fuel infrastructure, accelerate the commercialization of plug-in

hybrids, promote development of commercial-scale renewable energy, invest

in low-emissions coal plants, and begin the transition to a new digital

electricity grid.” (Obama For America, “The Blueprint For Change,”

www.barackobama.com, Accessed 1/14/08, p. 25)

> Obama’s Tax Plan Will Cost Approximately $85 Billion A Year; Equal To

$340 Billion Over Four Years. “[Obama’s] proposed tax cuts and

credits, aimed at workers earning $50,000 or less per year, would cost the

Treasury an estimated $85 billion annually.” (Margaret Talev, “Obama

Proposes Tax Code Overhaul To Help The Poor,” McClatchy Newspapers, 9/19/07)

> · · Obama’s Plan Would Raise Taxes On Capital Gains And

Dividends, And On Carried Interest. Obama’s tax plan includes: “[i]ncreasing

the highest bracket for capital gains and dividends and closing the

carried interest loophole.” (Obama For America, “Barack Obama: Tax

Fairness For The Middle Class,” Fact Sheet, www.barackobama.com, Accessed

1/8/08)

> Obama’s Economic Stimulus Package Will Cost $75 Billion. “Barack

Obama’s economic plan will inject $75 billion of stimulus into the economy

by getting money in the form of tax cuts and direct spending directly

to the people who need it most.” (Obama For America, “Barack Obama’s

Plan To Stimulate The Economy,” Fact Sheet, www.barackobama.com, 1/13/08)

> Obama’s Early Education And K-12 Package Will Cost $18 Billion A

Year; Equal To $72 Billion Over Four Years. “Barack Obama’s early education

and K-12 plan package costs about $18 billion per year.” (Obama For

America, “Barack Obama’s Plan For Lifetime Success Through Education,”

Fact Sheet, www.barackobama.com, 11/20/07, p. 15)

> Obama’s National Service Plan Will Cost $3.5 Billion A Year; Equal To

$14 Billion Over Four Years. “Barack Obama’s national service plan

will cost about $3.5 billion per year when it is fully implemented.”

(Obama For America, “Helping All Americans Serve Their Country: Barack

Obama’s Plan For Universal Voluntary Citizen Service,” Fact Sheet,

www.barackobama.com, 12/5/07)

> Obama Will Increase Our Foreign Assistance Funding By $25 Billion.

“Obama will embrace the Millennium Development Goal of cutting extreme

poverty around the world in half by 2015, and he will double our foreign

assistance to $50 billion to achieve that goal.” (Obama For America,

“The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 53)

Obama

> has sponsored a bill in the senate that will tax 1/7th. of 1% of U.S.

GDP to give to the UN for distribution to poor countries. This will

amount to $845BB/yr. from American taxpayers that most of it will end up

in some tyranical despots Swiss bank account!!! As of March 1, 2008,

this bill is still in process but is believed to be thwarted by the

senate.

> Obama Will Provide $2 Billion To Aid Iraqi Refugees. “He will provide

at least $2 billion to expand services to Iraqi refugees in

neighboring countries, and ensure that Iraqis inside their own country can find a

safe-haven.” (Obama For America, “The Blueprint For Change,”

www.barackobama.com, Accessed 1/14/08, p. 51)

> Obama Will Provide $1.5 Billion To Help States Adopt Paid-Leave

Systems. “As president, Obama will initiate a strategy to encourage all 50

states to adopt paid-leave systems. Obama will provide a $1.5 billion

fund to assist states with start-up costs and to help states offset the

costs for employees and employers.” (Obama For America, “The Blueprint

For Change,” www.barackobama.com, Accessed 1/14/08, p. 15)

> Obama Will Provide $1 Billion Over 5 Years For Transitional Jobs And

Career Pathway Programs, Equal To $200 Million A Year And $800 Million

Over Four Years. “Obama will invest $1 billion over five years in

transitional jobs and career pathway programs that implement proven methods

of helping low-income Americans succeed in the workforce.” (Obama For

America, “The Blueprint For Change,” www.barackobama.com, Accessed

1/14/08, p. 42)

> Obama Will Provide $50 Million To Jump-Start The Creation Of An

IAEA-Controlled Nuclear Fuel Bank. Obama: “We must also stop the spread of

nuclear weapons technology and ensure that countries cannot build -- or

come to the brink of building -- a weapons program under the auspices

of developing peaceful nuclear power. That is why my administration will

immediately provide $50 million to jump-start the creation of an

International Atomic Energy Agency-controlled nuclear fuel bank and work to

update the Nuclear Nonproliferation Treaty.” (Sen. Barack Obama,

“Renewing American Leadership,” Foreign Affairs, 7-8/07)

Update:

Suzi- I read the WHOLE thing- it affects me. You would be wise to read the whole thing as well.

8 Answers

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  • 1 decade ago
    Favorite Answer

    That's what happens when you vote for an inexperienced person who hasn't even lived in the USA all his life

    WAKE UP AMERICA

    and dont forget obamas plan to send that 8 billion to Africa

  • suzie
    Lv 4
    1 decade ago

    I'M TIRED OF PEOPLE POSTING THIS UP!

    we get it. Stop trying to act smart. Just vote for whoever you want to vote for! Do you really need other people's opinion to make yours!

    I'm not trying to be rude, its just that don't you have anything to say for yourself instead of posting something that you probably only read the first 5 lines of.

  • 1 decade ago

    I am now

  • Anais
    Lv 5
    1 decade ago

    I don't care! I would rather pay the money than have another horrible president! It is sooooooo worth it to me! Democrats all the way!

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  • 1 decade ago

    I hate taxes.

  • Anonymous
    1 decade ago

    DEMS need your money

  • Anonymous
    1 decade ago

    this is not a question it is an essay!

  • 1 decade ago

    I'm screwed!!!

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