This was just sent to me in an email. Make of it what you will.....
Confirming web sites at the bottom of this email...
You might want to copy and save for future reference.
Stay informed on what you are actually voting for in November!
2008 PRESIDENTIAL CANDIDATE COMPARISON
TALKING POINTS
ISSUE JOHN McCAIN
BARAK OBAMA
Favors new drilling offshore US
Yes
No, but might consider
Will appoint 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
143 DAYS
Will institute a socialized national health care plan
No
Yes
Supports abortion throughout the pregnancy
No
Yes
Would seek to pull troops out of Iraq immediately
No
Yes
Supports gun ownership rights
Yes
No
Proposed programs will mean a huge tax increase
No
Yes
Voted against making English the official language
No
Yes
Voted to give Social Security benefits to illegal aliens
No
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.
(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=2 0nearly 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.
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 web sites:
Election 2008: The candidates and your money - CNNMoney (http://money.cnn.com/news/specials/election/2008/index.html - broken link)
Taxes - Issues - Election Center 2008 - CNN.com
Home - FOXNews.com Elections
McCain, Obama Offer Different Visions on Taxes
Fact Checker Archive by Category
Fact Checker Archive by Category