Tuesday, September 9, 2008

Here's a Little Presidential Candidate Comparison I Found Interesting

ISSUE
New drilling offshore US
McCain - Yes
Obama - No

Will appoint judges who interpret the law not make it
McCain - Yes
Obama - No

Served in the US Armed Forces
McCain - Yes
Obama - No

Amount of time served in the US Senate
McCain - 22yrs
Obama - 173 days

Will institute a socialized national health care plan
McCain - No
Obama - Yes

Supports abortion throughout pregnancy
McCain - No
Obama - Yes

Would pull troops out of Iraq immediately
McCain - No
Obama - Yes

Supports gun ownership rights
McCain - Yes
Obama - No

Supports homosexual marriage
McCain - No
Obama - Yes

Proposed programs will mean a huge tax increase
McCain - No
Obama - Yes

Voted against making English the official language of our country
McCain - No
Obama - Yes

Voted to give Social Security benefits to illegals
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. (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 downsize
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 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)
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

Verify at:
http://money.cnn.com/news/specials/election/2008/index.html
http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html
http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html
http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html
http://elections.foxnews.com/?s=proposed+taxes
http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_diffeerent_visions_on_taxes.html
http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html
http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html
http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/
http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/
http://www.capitalonehomeloans.com/

Barack Obama, John McCain, Barack Obama, John McCain, Obama, McCain

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