can someone clarify whether the following is accurate? email someone forwarded to me a few weeks back.
>Proposed changes in taxes after 2008 General election:
>
>
>
>CAPITAL GAINS TAX
>
>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, retirement
>accounts, 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 m aking 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. Th is 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(No change, Bush repealed this tax)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. >Depending
>upon the value of the estate, this percentage could vary from 36% to >72%!!!
>
>
>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?
>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
