Archive for the ‘Politics’ Category
Will Obama’s crazy tax plan destroy the economy? ?
INTERESTING DATA ON TAXES
Spread the word…..
This is something you should be
Aware of so you don’t get blind-sided.
This is really going to catch a lot
Of families off guard. It should
Make you worry.
Proposed changes in taxes after 2008 General election:
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 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 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
Under Obama your taxes will more than double!
How does this affect you? No explanation
Needed. This 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MCCAIN 0% (No change, Bush repealed this tax)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 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 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!!!
You can verify the above at the 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/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html
http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/
http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/
If you think we are in bad shape now, just wait..
Chavez ended political dissent by refusing licenses to media, Is this why Obama wants 2 yr renewals on radio?
60 million people listen to radio to hear what can not be heard on ABC, CBS, ABC, NPR ,PBS, MSMBC, and CNN.
FCC Licences for radio are renewed every 4 years, Obama wants that changed to every 2 years.
After Chavez silenced his critiques he destroyed the economy, through give away programs, and started with nationalizing. First the Oil Industry and then his opponents businesses everything from farms to concrete companies.
Could this be Obama’s plan? Your thoughts please.
Have you ever had a job where your boss did not make more money than you? Obama likes this buisness plan?
It seems that it’s a pretty simple business model, the people who run the business make the most money, and then people under them are delegated jobs and levels of pay accordingly. Why does Obama think the people at the top need to pay disproportionately more, therefore destroying this model, ruining businesses and further hurting the economy?
What do you think of this tax plan? ?
I propose a graduated income tax starting at 1% and slowly rising to a maximum of 30% for those making over $250,000 a year. All types of income would be taxed the same - wages and salary, interest, capital gains, dividends, and inheritance (with an exception for family businesses and farms).
No one should live tax-free. That includes minimum wage earners as well as the Paris Hiltons of the world who live off their parents. This system seems fair to me, and it would give most Americans a tax break.
And before you go crying about how it would discourage investment, that is nonsense; since all investments would be taxed at the same rate, investors would still look for investments that gave the best returns for their risk tolerance. It would discourage the reckless speculation that has ruined the stock market.
If you disagree, what is your ideal tax plan?
Are we capable of thinking outside the box?
If we can’t have socialized medicine, then we can’t have socialized capitalism!
In my younger years I worked at a university in the U.S. (I won’t name it), in the animal research division. My asignment was to work in the chicken room in the nuclear research department. Most of those chickens have been there for their entire lives
Inside a boxed cage, day after day, week after week, month after month, and year after year, the chickens walked 2 feet one way and 2 feet back.
It was no wonder that when a chicken was able to jump out of his cage and onto the floor, that the chicken didn’t move more than 3 feet one way and 3 feet another way, until he was re-captured by the technician. Hence the tern, “..can’t think outside the box”.
It will take 900 billion dollars to bail out our billionaires that we love so much. According to right wingers, we don’t have 900 billion dollars. At least not for the American people (Healthcare). Since we don’t have 900 billion dollars, we will have to borrow it! And at the interest rate China is planning to charge us, it will turn our 900 billion dollar bailout into trillions and trillions and trillions of dollars of debt.
We always think about coming to the aid of the big people, why not let us make the moves? …think outside that box we’ve been kept in by the big boys…those animal technicians who feed and water the American people for 400 years. What would you do if you feel out of your box?
I say don’t bail out the billionaires and take those trillions and trillions and trillions of dollars and distribute it to the Armenian people. Let them buy their healthcare, education, retirement plans, start businesses, farm for America, buy American, buy America stocks and bonds, buy, buy, buy, build, build, build, etc,etc, etc.
If we are going to foot the debt, then we really should foot OUR debt. NOT THEIR DEBT!
Some people CAN think outside the box…
…..others are chicken.
(Below, I will be commenting on your comments.)
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