Be careful what you ask for

[Kahuna]

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 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

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. This 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(No change, Bush repealed this tax)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.

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? I can't! (in case you want more information on Obama's tax and spend agenda

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 HouseTerm:

[sb spearo]

shouldn't this be in politics

[jeeper07]

Who cares what forum it's in.....it's the truth. Obama and Clinton are communists who will ruin this country if they are elected to office.

[Seth]

if this is true, i am curious as to why the proposed tax changes are there, is your economy stable and is the government just trying to rape your pockets more? or is the country in financial trouble and do they need to raise the taxes to help dig themselves out of a hole.. and if that were the case, wouldnt voting McCain keep you in the hole longer? (not trying to stir up anything, i just really want to know why Hillary and Obama would want to raise the taxes when McCain thinks they are great as they are.

[Wayward Son]

because that's what democrats do.

[anchorman]

I like my money

[Don B]

if this is true, i am curious as to why the proposed tax changes are there, is your economy stable and is the government just trying to rape your pockets more? or is the country in financial trouble and do they need to raise the taxes to help dig themselves out of a hole.. and if that were the case, wouldnt voting McCain keep you in the hole longer? (not trying to stir up anything, i just really want to know why Hillary and Obama would want to raise the taxes when McCain thinks they are great as they are.

Because Hillary and Obama, use the moneys earned by successful working people to buy votes from their supporters. What they will do is bring this economy to a complete halt, just like Jimmy Carter did in the 70's.

[Spearchuckerz]

Libs use the a powerful tool they have known as "wealth envy" to get all the lazy idiots to vote for them by saying we will get those rich bastards, and give you free money.

What actually happens screws the poor people more because, the small business owner, facing higher taxes, lays off employees.

BUT....that is the entire plan of the democrat party. Keep people poor and dependant on government. That way they are assured votes. If people break out of the low income bracket and make something of themselves, they are more likely to vote republican so they can keep the money they earn.

Sneaky bastards.

[certz]

Perot 08!

[anchorman]

Perot 08!

It figurez you would want some big eared guy in 08!!!

[Financial Advis]

1: For homeowners that live in a house for 2 out of 5 years are the gains not kept or did I miss something when we sold my mother in laws home?

2: The "stock market" will adjust and find other tools that will be looked upon in a "favorable tax light". Look at muni's etc. Invest smart do NOT invest scared.

3: Income tax is a major source of funding for the elderly. We are about to have a LOT of boomers coming into the scene. Does anyone really think that their taxes will not go up no matter who is in there?

4: Inheritance tax where people lose valuable assets are merely a function of someone being stupid or greedy or both. Failure to plan (trusts, ILIT's, etc) is no excuse. If you do not do it correctly then you lose the farm.

5: There will always be some form of new taxes. Get over it, get used to it, move on.

Plan your life correctly and work with the laws because rest assured both Dems. and Repubs. sure as hell are. Do any of you actually think that they plan for their assets differently? Do any of you think the wealthy Dems or Repubs. want to give less to their children? I am currently doing several election year seminars in regards to whoever gets in office. Hopefully you will not sweat the little stuff and look long to the future and manipulate what you have to best effect.

Good luck.

[Christof]

I beg to differ with your opinion for one big reason... Senators and Congressmen once elected have hit the jackpot.. Forget the taxes, they have the best healthcare for the rest of their life, a very big pension unlike any other besides maybe upper-echelon corporate execs, and maintain their perks such as travel, etc... You think Bill Clinton has dropped one dime for air travel to and from his speaking engagements that have earned him $50 million over tha last few years??
When you have it made like that, who gives a shiat if your taxes go up a few percentage points? But people like myself, that has pretty lame health insurance (but work for the industry? Go figure), very risky 401k investments for retirement (remember MCI and Enron?), and very few perks to boast... It still rings in my head, the words of Hillary spoke a couple weeks ago that attest to how out of touch she is with "normal" people in this country... In essence, she said that it wasnt until Bill left the public sector that they started to make money and could quit worrying... WTF?? He was making $250k/yr plus full bennies, and she $145k/yr with the same bennies, plus all their other deals and she doesnt consider they were "making it" at that time?? They have no clue what it is like to live from paycheck to paycheck, let alone plan for a modest retirement, yet they are telling me to buck up and give more?? Yeah...

[ralphthehalibut]

Who cares what forum it's in.....it's the truth. Obama and Clinton are communists who will ruin this country if they are elected to office.


Yeah, they're communists.:rolleyes: Uh, OK.

RETARD!


This is why political discussion is pointless. you get people who make important realistic points like Kahuna did, then you get some looney nutcase that makes insane assertions and makes rational conservatives look like idiots.

In short, you're not helping the republican party with comments like that.


As far as them ruining the country, have you bought a gallon of gas lately? How about traveled to europe? The dollar has gone in the SHITTER over the last 6 years thanks to.... dunt dun DAAAHHHHHH... Good ole Gee Dubya. This gets refleceted in things that are priced on an international scale - such as gas, and other things. I import certain commodities from europe, and it USED to be a hugely profitable buisness when the dollar was strong. now it's getting to the point it's not worth it.

The strength of your currency on the international market is a pretty strong indicator of the health of your economy. The dollar has become the sickly kid on the international block thanks to the current administration and all the bullies are going to be hammering us for decades to come unless we get some serious changes made.



The idea of all those extra taxes pisses me the hell off too though.

[fish impaler]

i know that california needs money. my school is losing ten teachers this year. music program , tech are also gone.

my band teacher is awsome teaches at 5 elementry schools one highschool jr high and has to teach 2 classes on orginazation just to stay. go Mr.nam

[Bill McIntyre]

Clinton raised taxes on the top 1% of income earners. Republicans forecast gloom and doom. Incentives for productive people would be destroyed (that old Supply Side bullshit) and the economy would go in the tank.

An old Marine friend who had worked for me had been a Democrat before he got out and become a rich attorney and lived in a gated community, and somehow this coincided with him becoming a Republican. When the Clinton tax increases hit him, his wife said "this is going to take food out of my kids' mouths." I had seen their kids' bedrooms, and they had comforters that cost more than all the furniture in my bedroom. I tried to be as polite as possible when I said "gosh Liz, if these tax increases apply to you, then surely there is some other place you could cut back before the kids go hungry."

The tax cuts passed, the economy boomed in spite of it, the budget deficit turned into a surplus, and the dollar was strong enough so that I could afford a bike trip in Europe.

Now we have low taxes, the economy is in the tank, we are running record budget deficits, our currency is becoming the peso, and I can't afford to go to Europe.

[FOWLER267]

Bill; with LTC retirement pay of around $50,000 and being a Banker/Investor as per some of your posts; a trip to Europe should be an easily affordable deal.

[Bill McIntyre]

Bill; with LTC retirement pay of around $50,000 and being a Banker/Investor as per some of your posts; a trip to Europe should be an easily affordable deal.

Don't forget my wife's state teacher's pension, which exceeds my Marine Corps and Social Security pensions combined. But alas, I'm supporting a bad boat habit and my wife is supporting a horse, so we have to give up something. There was previously enough left over for a bike ride in Europe, but at today's exchange rates, there isn't. Food, lodging, etc. is now about 80% more expensive than when the Euro was born.

[DIVERTOM]

Try reading "Empire of Debt" and you will find out that you can't blame a
Rep or a Dem about this situation, just take a look in the mirror to see who
the problem is. When half of eligible voters don't vote or should I say their
vote is I don't care, that leaves an almost perfectly divided 50% who have
set up a tug of war between their selves and go nowhere. If everyone
pulled in the same direction we would move forward. We as a nation borrow
to much money, civilians and our Gov. Americans have lost the ways of
creating wealth and living below their means. Lets hope people don't lose
faith in our paper money. Anyone notice that gold went over $1000 an
ounce?