So I must confess that I do not feel prepared or well-read enough to start a political debate. It is way, way out of my comfort zone to event post this.
But I do believe in sharing valuable information. And I do think everyone has the right to their own opinion, as long as that opinion is executed when it comes to presidential elections.
Three little words.
Your Vote Counts.
I am very passionate about that one thing. Whatever you do, DO vote.
So it may be me getting older (ugh) or wiser (not likely), I'm not sure. But I have been more proactive in educating myself on the choices we will have on the upcoming ballot. So when I found the information below, I really thought I should share it.
Yes, it is only one facet of the many changes either candidate will bring to office, I understand that, but it's also very relevant.
(And the fact that the income tax increase shown below scares the bejeejees out of me.)
But also, as a friend and fellow blogger so wonderfully put it, "Ultimately there is great peace in knowing that God is in control and the decision has already been made regarding who will lead us. " Amen.
Here's the news you can use:
CAPITAL GAINS TAX
MCCAIN
0% on home sales up to $500,000 per home (couples)...does not propose any change in existing home sales income tax.
OBAMA
28% on profit from ALL home sales
(If you sell your home and make a profit you will pay 28% of your gain in taxes)
DIVIDEND TAX
MCCAIN
15% (no change)
OBAMA
39.6%
INCOME TAX
MCCAIN (no changes)
Single making 30K - tax $4500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K - tax $9000
Married making 75K - tax $18750
Married making 125K - tax $31250
OBAMA
Single making 30K - tax $8400
Single making 50K - tax $14000
Single making 75K - tax 23250
Married making 60K - tax 16800
Married making 75K - tax 21000
Married making 125K - tax 38750
Under Obama, your taxes will more than double.
INHERITANCE TAX
MCCAIN 0%
OBAMA Restore the inheritance tax
NEW TAXES BEING PROPOSED BY OBAMA:
* New government taxes proposed on homes more than 2400 square feet.
* New gasoline taxes (because they aren'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 that of third-world countries.
1 comment:
oh my gosh! you quoted me on your blog! that's never happened to me before. i feel like i just won an oscar or something! (okay, that's a little dramatic, but i'm flattered none the less!)
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