Stay informed on what you are actually voting for:
Favors drilling offshore US
McCain YES
Obama NO, but might consider
Proposed programs will mean a huge tax increase
McCain NO
Obama YES
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.
Dividend Tax
McCain - 15% (no change)
Obama - 39.6%
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McCain - 0% (No change, Bush repealed this tax)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 beenin their families for generations because they could not afford the inheritance tax. Those willing their assests to loved ones will only lose them to these taxes.
New Taxes Proposed by Obama:
New govt taxes proposed on homes that are more than 2400 square feet
New gasoline taxes
New taxes on natural resources consumption (heating gas, water, electricity)
New taxes on retirement accounts
New taxes to pay for socialized medicine
You can verify the above at the following sites:
CNN Money
CNN
FOX News
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