SkylarV217
Well-known member
Okay I'm really confused, I've been watching debates visiting both party's sites and reading plans .... But i seem to be getting mixed signals. I like parts of Both candidates plans, but was really surprised at the following Information I received in an e-mail ... Tell me what you think.... I feel like I'm so lost with what they say and what they do .......
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS
ISSUE JOHN McCAIN BARAK OBAMA
Favors new drilling offshore US Yes No
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
institute 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 huge tax increase No Yes
For making English the official language Yes No
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.)
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 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)
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
INHERITANCE TAX
MCCAIN
- 0% (No change, Bush repealed this tax)
OBAMA
Restore the inheritance tax
Many families have 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 only lose them to these taxes.
NEW TAXES 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!!!
You can verify the above at the following web sites:
Election 2008: The candidates and your money - CNNMoney
Taxes: Election Center 2008 - CNN.com
Palin VP Pick Brings Ethical Complications - America’s Election HQ
McCain, Obama Offer Different Visions on Taxes
Fact Checker Archive by Category
Fact Checker Archive by Category
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS
ISSUE JOHN McCAIN BARAK OBAMA
Favors new drilling offshore US Yes No
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
institute 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 huge tax increase No Yes
For making English the official language Yes No
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.)
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 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)
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
INHERITANCE TAX
MCCAIN
- 0% (No change, Bush repealed this tax)
OBAMA
Restore the inheritance tax
Many families have 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 only lose them to these taxes.
NEW TAXES 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!!!
You can verify the above at the following web sites:
Election 2008: The candidates and your money - CNNMoney
Taxes: Election Center 2008 - CNN.com
Palin VP Pick Brings Ethical Complications - America’s Election HQ
McCain, Obama Offer Different Visions on Taxes
Fact Checker Archive by Category
Fact Checker Archive by Category