Is this accurate?

[rmar]

Taxation After 2008 General Election
> >>
> >>
> >> 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 fro m 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 mak ing 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 MCCAIN 0% (No change, Bush repealed this tax)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 inheritanc e 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 (he ating 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!!!
> >>

[UNGN]

Is it accurate? Probably not, but even if it wasn't eliminating the "Bush Tax cuts" is a stupid idea.

We have a deficeit because government spends too much money.

Giving them more money, won't make them spend less.

duh.

[Black Power]

I don't think the income tax numbers are accurate, but it is true that NObama repealing the tax cuts would have the same drastic effect on everyone.

Here are the tax numbers from snopes.

snopes.com: Taxes: Clinton vs. Bush

[IEATV8S]

No one actually knows the REAL tax structure of both parties tax proposals, they are known to vascilate with each telling of there story, and depending on who's telling them. What we do know, for sure, is that NObama is going to raise OUR capital gains tax from 25% to somewhere between 20-28%, McLame has stated he will NOT raise it!

For people that do stock markets, Commodities, and even CD's and have over $500,000 in them, it will probably mean WE will pay a very minimum of $1500 more in taxes per year!