quote:

---

Originally posted by hard8guy

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 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MCCAIN 0% (No change, Bush repealed this tax)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

---

quote:

---

Originally posted by darkstar

>>>>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.

Makes a reverse even more appealing huh!

---

quote:

---

Originally posted by TransNet

http://www.taxpolicycenter.org/publications/url.cfm?ID=411693

---

quote:

---

Originally posted by mykal5

[quote]Originally posted by darkstar

>>>>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.

Makes a reverse even more appealing huh!

I like the way you think! Can you be my Mentor? LOL!

---

quote:

---

Originally posted by hard8guy

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 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.

---

quote:

---

Originally posted by ML

quote:

---

Originally posted by hard8guy

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 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.

---

You Sir, are either an idiot or a liar, I would suggest both. At no point in the campaign has Senator Obama, or for that matter Senator McCain, suggested any changes to the current exemptions on the sale of ones residence.

You have intentionally misrepresented the facts, which makes you a liar, for all your peers to see.

If Senator Obama had ever suggested that the gain in value upon the sale of ones home be taxed at 28%, it would be front page news in every newspaper around the country; and every Real Estate and Banking organization would be up in arms due to this.

Clearly now you see what a fool you've made of yourself!

---

quote:

---

Originally posted by hard8guy

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 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

---

quote:

---

Originally posted by HMDApproved

Its all BS.....

Anything that they are saying they will do if they get elected is exactly the opposite of what will happen.... They are politicians, THEY LIE.

If they say they will lower taxes, they raise them.

It doesn't matter which one gets in, THEY ALL LIE!!!

---

quote:

---

Originally posted by EMScommercial

democrat = tax your way out of any 'problem'

---

quote:

---

Originally posted by darkstar

quote:

---

Originally posted by mykal5

[quote]Originally posted by darkstar

>>>>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.

Makes a reverse even more appealing huh!

I like the way you think! Can you be my Mentor? LOL!

---

If you were in KY I'd say, come on down, I'm getting ready to start training some killers but I have to do it face to face...

---

quote:

---

Originally posted by LoanPro71

quote:

---

Originally posted by EMScommercial

democrat = tax your way out of any 'problem'

---

The Republicans tax you too ... but they go through the back door. It's called, the INFLATION TAX.

At least the Democrats have the B*LLS to tax you directly.

The GOP is chicken sh*t, pure and simple. Instead of taxing you directly ... they just print the money while nobody is looking (see the elimination of reporting M3) by the truck load and give it to their scumbag corporate friends.

Thanks to the GOP, the self-proclaimed "fiscal conservatives" ... the US Dollar has lost 35% of it's value since 2001 .... and nobody talks about it.

This sh*t is amazing.


Democrat = Republican = Joke


The Solution? Here it is.

www.CampaignforLiberty.com

---

quote:

---

Originally posted by Carpet Muncher

quote:

---

Originally posted by HMDApproved

Its all BS.....

Anything that they are saying they will do if they get elected is exactly the opposite of what will happen.... They are politicians, THEY LIE.

If they say they will lower taxes, they raise them.

It doesn't matter which one gets in, THEY ALL LIE!!!

---

James,

LOL now that's funny....
That was a little harsh. Politicians always keep their campaign promises.

http://www.youtube.com/watch?v=CP9_kkzfN-w

---

quote:

---

Originally posted by darkstar

quote:

---

Originally posted by mykal5

[quote]Originally posted by darkstar

>>>>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.

Makes a reverse even more appealing huh!

I like the way you think! Can you be my Mentor? LOL!

---

If you were in KY I'd say, come on down, I'm getting ready to start training some killers but I have to do it face to face...

---

quote:

---

Originally posted by ritabradley01

I liked Ron Paul, I'm sorry he dropped out of the race.

quote:

---

Originally posted by LoanPro71

quote:

---

Originally posted by EMScommercial

democrat = tax your way out of any 'problem'

---

The Republicans tax you too ... but they go through the back door. It's called, the INFLATION TAX.

At least the Democrats have the B*LLS to tax you directly.

The GOP is chicken sh*t, pure and simple. Instead of taxing you directly ... they just print the money while nobody is looking (see the elimination of reporting M3) by the truck load and give it to their scumbag corporate friends.

Thanks to the GOP, the self-proclaimed "fiscal conservatives" ... the US Dollar has lost 35% of it's value since 2001 .... and nobody talks about it.

This sh*t is amazing.


Democrat = Republican = Joke


The Solution? Here it is.

www.CampaignforLiberty.com

---

---

quote:

---

Originally posted by Rene Viloria

There we go again scaring people, making stuff up, where did you get your data, let me guess from a Blog, or from the rnc: DO RESEARCH!

The Problem

Increasing Debt: Under President Bush, the federal debt has increased from $5.7 trillion to $8.8 trillion, an increase of more than 50 percent.

Irresponsible Tax Cuts: President Bush's policies of giving tax breaks for the wealthy will cost the nation over $2.3 trillion by the time they expire in 2009.
Barack Obama's Plan
Restore Fiscal Discipline to Washington

* Reinstate PAYGO Rules: Obama believes that a critical step in restoring fiscal discipline is enforcing pay-as-you-go (PAYGO) budgeting rules which require new spending commitments or tax changes to be paid for by cuts to other programs or new revenue.
* Reverse Bush Tax Cuts for the Wealthy: Obama will protect tax cuts for poor and middle class families, but he will reverse most of the Bush tax cuts for the wealthiest taxpayers.
* Cut Pork Barrel Spending: Obama introduced and passed bipartisan legislation that would require more disclosure and transparency for special-interest earmarks. Obama believes that spending that cannot withstand public scrutiny cannot be justified. Obama will slash earmarks to no greater than year 2001 levels and ensure all spending decisions are open to the public.
* Make Government Spending More Accountable and Efficient: Obama will ensure that federal contracts over $25,000 are competitively bid. Obama will also increase the efficiency of government programs through better use of technology, stronger management that demands accountability and by leveraging the government's high-volume purchasing power to get lower prices.
* End Wasteful Government Spending: Obama will stop funding wasteful, obsolete federal government programs that make no financial sense. Obama has called for an end to subsidies for oil and gas companies that are enjoying record profits, as well as the elimination of subsidies to the private student loan industry which has repeatedly used unethical business practices. Obama will also tackle wasteful spending in the Medicare program.

Make the Tax System More Fair and Efficient

* End Tax Haven Abuse: Building on his bipartisan work in the Senate, Obama will give the Treasury Department the tools it needs to stop the abuse of tax shelters and offshore tax havens and help close the $350 billion tax gap between taxes owed and taxes paid.
* Close Special Interest Corporate Loopholes: Obama will level the playing field for all businesses by eliminating special-interest loopholes and deductions, such as those for the oil and gas industry.

Barack Obama's Record

* PAYGO: Obama voted in 2005, 2006, and 2007 to reinstate pay-as-you-go (PAYGO) federal budget rules.
* No-Bid Contracts: Obama has introduced and helped pass bipartisan legislation to limit the abuse of no-bid federal contracts.
* Against Raising the Federal Debt Limit: In 2006, Obama voted against misguided Republican efforts to raise the statutory debt limit at the same time the Republicans were pushing through massive debt-financed tax cuts for the wealthy.

For More Information about Barack's Plan

(PDF)Read the Plan

---

quote:

---

Originally posted by hard8guy

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 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

---