Election

I am usually not one to get into the political scene but I got this comparison chart sent to me on McCain and Obama. I don't like Obama but reading this, especially the tax part, makes me hope and pray that he doesn't get into the White House. He seems sketchy to me.

Out of curiosity if someone is voting for him tell post a comment saying why.

2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS

JOHN McCAIN
BARAK OBAMA
Favors new drilling offshore US
Yes - McCain
No - Obama
Will appoint judges who interpret the law not make it
Yes - McCain
No -Obama
Served in the US Armed Forces
Yes -McCain
No -Obama
Amount of time served in the US Senate
22 YEARS- McCain
173 DAYS - Obama
Will institute a socialized national health care plan
No - McCain
Yes - Obama
Supports abortion throughout the pregnancy
No - McCain
Yes - Obama
Would pull troops out of Iraq immediately
No - McCain
Yes - Obama
Supports gun ownership rights
Yes - McCain
No - Obama
Supports homosexual marriage
No - McCain
Yes - Obama
Proposed programs will mean a huge tax increase
No - McCain
Yes - Obama
Voted against making English the official language
No - McCain
Yes - Obama
Voted to give Social Security benefits to illegals
No - McCain
Yes - Obama


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 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
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 could almost double!


INHERITANCE TAX
MCCAIN
- 0% (No change, Bush repealed this tax)
OBAMA
Restore the inheritance tax
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.


NEW TAXES 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.htmlhttp://elections.foxnews.com/?s=proposed+taxes
http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html%A0http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/
http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/