Sunday, October 26, 2008

some more political stuff...

Am I the only one that is nervous?


ISSUE
JOHN McCAIN BARACK OBAMA

Favors new drilling offshore in USA
Yes No
Appoint conservative Supreme Court Judges who interpret the law only
Yes No
Military Service (Active and/or Inactive)
Yes No
Time in US Senate
22 YEARS 173 DAYS
Advocates Socialized Medicine
No Yes
Supports abortion (including 'partial birth')
No Yes
Troops out of Iraq now
No Yes
Supports 2nd Amendment Gun Rights
Yes No
Supports homosexual marriage
No Yes
Overall programs require large tax increases
No Yes
Supports English as the official language
Yes No
Social Security benefits to illegal felons?
No Yes
HOME SALES TAX

MCCAIN
0% on home sales up to $500,000 per home (couples) and no tax increase for all other existing home sales.
OBAMA
28% on profit from all home sales, a MAJOR 'hit' affecting retirees downsizing for equity transfer to retirement.
STOCK DIVIDEND TAX

MCCAIN
15% (no change)
OBAMA
24.6% increase to 39.6%
GENERAL INCOME TAX

MCCAIN(no changes)
Single making 30K - tax $4,500Single making 50K - tax $12,500Single making 75K - tax $18,750Married making 60K- tax $9,000Married making 75K - tax $18,750Married making 125K - tax $31,250
OBAMA (reversion back to pre-Bush tax cuts)
Single making 30K - tax $8,400Single making 50K - tax $14,000Single making 75K - tax $23,250Married making 60K - tax $16,800Married making 75K - tax $21,000Married making 125K - tax $38,750Under Obama, taxes almost double!
INHERITANCE TAX

MCCAIN
0% (No change to previous Bush repeal of Inheritance Tax
OBAMA
Wants to restore the inheritance tax, a HUGE hit to long-term family held business and properties lost due to inability to pay exorbitant inheritance taxes. Multiple properties going into receivership, often sell for 50 cents on the dollar.
NEW TAXES PROPOSED BY OBAMA

New federal 'luxury' tax proposed on homes that are more than 2400 square feet.
Additional federal gasoline tax.
New federal tax on natural gas, water and electricity.
New tax on retirement accounts.
New, across the board general taxes to pay for socialized medical benefits, including to illegals.



Above information may be verified at the following sites:http://money.cnn.com/news/specials/election/2008/index.htmlhttp://www.cnn.com/ELECTION/2008/issues/issues.taxes.htmlhttp://elections.foxnews.com/?s=proposed+taxeshttp://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.htmlhttp://blog.washingtonpost.com/fact-checker/candidates/barack_obama/http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/

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