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From Out There by Georgie's Girl

by Georgies-Girl from Brevard County

Last Post 5 days, 21 hours Ago


Before You Vote, Read This - Part 2
Jul 17, 2008 | 10:09 PM
Category: Political
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I GOT THIS DIRECTLY FROM SNOPES:

Interesting Data Just Received On Taxes
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MCCAIN 0% (No change, Bush repealed this tax)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!!!

Thanks for the Blog
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Member Comments Total Comments: 12
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rexsmom read my blog view my photos
Jul 18, 2008 | 8:19 AM

TY for the info. It's nice to have it all compiled in one place.
Abunai read my blog view my photos
Jul 18, 2008 | 4:25 PM

You won't see a single liberal or Dem come in here to defend this one! Anytime you actually put facts up instead of a talking point, they just won't play.

Obama will tell you all day long how he intends on just taxing the rich and try to emphasize no increase to the middle class... yet these numbers fly in the face of that.
Georgies-Girl read my blog view my photos
Jul 18, 2008 | 10:56 PM

They probably looked, but cannot refute the FACTS!
albie64
Jul 19, 2008 | 11:20 AM

WOW!
khazzi read my blog
Jul 20, 2008 | 10:18 PM

Top economist say that we need more taxes to balance the budget. If I need to pay more taxes for schools, roads, etc, then so be it. The problem with the Republican scrooges is that they can't see how one can give a dime, and still profit.
Abunai read my blog view my photos
Jul 21, 2008 | 8:09 AM

Top economist? WHO! Name them! More money pours into the govt. coffers than is reported! Revenue is in comming in hand over fist!

Even now the liberals want to raise gas taxes again! Saying we need to because the use a gas has dropped and money is not comming in like it did. Wow! Now after America bites the bullet and actually does as the BILLIONS spend telling us to conserve happens, we now must be punished for it?

Meanwhile we are building Woodstock museums, bridges and boats to nowhere, and pork spending continues from both sides?

Obama already said taxes were also about control of the people... Well that works for Congress too! Control Congress and stop their ridiculous pork spending too then!

Time to vote these tax nuts out of office and send them to Europe instead of trying to turn the us into a socialist European nation.
davidpatrick344 read my blog view my photos
Jul 21, 2008 | 9:05 PM

im going to learn spanish then i can get all the free benifits
DEOP read my blog view my photos
Aug 1, 2008 | 10:04 AM

Very interesting blog - too bad it's all BS. A hint to the knowledge of whoever wrote this is clearly seen by the amounts provided under INCOME TAX - ALL the numbers are incorrect & too high.

Anyone interested in reality should check out:
A Preliminary Analysis of the 2008 Presidential Candidates' Tax Plans
http://www.taxpolicycenter.org/publications/url.cfm?ID=
411693
2008 Presidential Candidates' Tax Proposals
http://www.taxpolicycenter.org/taxtopics/election_issue
s_matrix.cfm
Change in Tax Liability Nonelderly Single and Head of Household Families
http://www.taxpolicycenter.org/numbers/displayatab.cfm?
DocID=1839
Change in Tax Liability Married Families Filing Joint Returns
http://www.taxpolicycenter.org/numbers/displayatab.cfm?
DocID=1840
Change in Tax Liability Elderly Families
http://www.taxpolicycenter.org/numbers/displayatab.cfm?
DocID=1841
Georgies-Girl read my blog view my photos
Aug 1, 2008 | 2:44 PM

Deop, Are you saying that SNOPES is not correct in what they reported? They also say that the rumor about Obama not being native born is incorrect! So I guess that is BS also! I believe what SNOPES says. I do NOT believe what OBAMA says, as he changes his mind every time he says something... One time he is raising taxes... Today I hear he is lowering taxes and giving ALMOST all families a $1000 rebate... Just who are ALMOST ALL??? And is his change associated with the fact that he may just loose the votes he has by RAISING the taxes?????? I believe he is racist along with his wife and his minister. I believe he is TRULY a Muslim! I do not like Hilary, and I would vote for her before I would vote for him. I am not voting for McCain - I am voting against Obama!!!!!
DEOP read my blog view my photos
Aug 2, 2008 | 7:52 AM

Georgies-Girl
Have you looked at the SNOPES page on this? Actually what I'm saying is SNOPES is very correct in their reporting - their status on this is FALSE.
Everyone can see this by going to:
http://www.snopes.com/politics/obama/taxes.asp

Snopes is actually a very good site, they put these phoney emails to rest real fast.
BTW - as far as being a Muslim, SNOPES also addresses this @
http://www.snopes.com/politics/obama/muslim.asp
I hope you still believe what SNOPES says.

Personally I haven't decided which of the misfits I'll vote for. But when I decide it won't be based on lies.

BTW - see my links above for the reality of what the candidates tax plans will mean to you.
Georgies-Girl read my blog view my photos
Aug 2, 2008 | 3:08 PM

Deop, I was looking for Obama's being legal citizen, when the item I posted came in to Snopes. I copied and pasted the whole article. I did not see anything that said this was false. This was all that was posted. Nothing Else!
DEOP read my blog view my photos
Aug 2, 2008 | 7:13 PM

OK, but you do see now where they are saying it is false. Actually the phoney email you copied used the same incorrect tax amount items as another phoney email from a few months ago,that's what stuck out to me. I wonder if the same LIAR wrote both of those emails.
Like I said, I'm still not sure who I'm going to vote for, but I hope others that are in the same boat don't make up their minds based on which side told the best lies.
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Georgies-Girl

Originally from Pennsylvania, then New Jersey, then New Mexico. Returned to N.J., and am now retired in Fla. At one time, wanted to Sing or be Artist or a Teacher. None of which happened. Contact me @ GeorgiesGirl321@gmail.com
. Now am contented (or not) to sit home and be "Just a caregiver/housewife." This is my release. BLOGGING! So I am sure, you will see more of my blogs as time goes on. P.S. MAXINE is my alter-ego! Stand up to be seen, Speak up to be heard, Shut up to be appreciated. 1

Member Since: 8/22/2007


 

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