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ISSUE |
JOHN McCAIN |
BARAK OBAMA |
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Favors new drilling offshore US |
Yes |
No |
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Will appoint judges who interpret the law not make it |
Yes |
No |
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Served in the US Armed Forces |
Yes |
No |
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Amount of time served |
22 |
173 DAYS |
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Will institute a socialized national health care plan |
No |
Yes |
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Supports abortion throughout the pregnancy |
No |
Yes |
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Would pull troops out of Iraq immediately |
No |
Yes |
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Supports gun ownership rights |
Yes |
No |
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Supports homosexual marriage |
No |
Yes |
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Proposed programs will mean a huge tax increase |
No |
Yes |
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Voted against making English the official language |
No |
Yes |
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Voted to give Social |
No |
Yes |
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CAPITAL GAINS TAX |
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McCAIN |
0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax. |
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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 sale will go to taxes. This proposal will adversely affect the elderly who are |
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DIVIDEND TAX |
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McCAIN |
15% (no change) |
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OBAMA |
39.6% How will this affect you? If you have money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will 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.' |
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INCOME TAX |
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McCAIN |
Income Tax Single, 30K $ 4,500 |
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OBAMA (reversion to pre-Bush |
Single, 30K $ 8,400 |
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INHERITANCE TAX |
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McCAIN |
- 0% (No change, Bush repealed this tax) |
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OBAMA |
Restore because they could not afford the inheritance tax. Those |
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NEW TAXES PROPOSED BY OBAMA |
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New government taxes New gasoline taxes (as New taxes on natural New taxes on New taxes to pay for |
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You can verify the above at following web sites
http://money.cnn.com/news/specials/election/2008/index.html
http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html
http://elections.foxnews.com/?s=proposed+taxes
http://bulletin.aarp.org
http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/
http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/
| Print article | This entry was posted by helpmeobiwan on 09/15/08 at 11:02:46 am . Follow any responses to this post through RSS 2.0. |