A Video Compilation from Savage Politics entitled “The Obama Depression”

by

http://savagepolitics.com/?p=2051

“How Obama Will Bankrupt America”

http://savagepolitics.com/?p=1865

EXCERPT:

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 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%

How will this affect you?

If you have any money invested in a 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 (find your bracket)

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: (reverse all 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

Under Obama, your taxes will more than DOUBLE!

How does this affect you?

No explanation needed… The information above is pretty straight forward.

INHERITANCE TAX

MCCAIN: 0% (No change, Bush repealed this tax)

OBAMA: Restore the inheritance tax

How does this affect you?

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.

If you can corroborate any or all of the above information from Savage Politics, I would appreciate any links. My husband asked me to see what I could find, as we’re both confused as to specifics.

And we’re both McCain supporters! Surely, the McCain – Palin campaign could be doing a better job of informing American taxpayers!


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