i recieved this and just wanted your opnions 

 INTERESTING DATA JUST RECEIVED ON TAXES
This is something you should be aware of so you don't get blandished. 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 ch ange 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 downsize 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 in 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 m aking 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MCCAIN 0% (No change, Bush repealed this tax)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!!!
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Is this the change you are/we are looking for ??

I would like to know where this information was obtained, because it is not what Obama's website claims on tax issues. If the source is reliable and this is Obama's plans, I would prefer McCain and his one-world economy plan over this.

 i will see what i can find, if it is a BS email i apologize

here is the line for where some of it came from

scary.  thanks for info

They are lies from pundits like Mike "weiner" Savage early in the campaign spouting this but it became increasingly clear that the capital gains tax would likely not be raised to %28 it is already high and further increase is not a logical economic plan, Obama is planning to raise taxes for people making over $300 000 year to shift the burden and allow the lower class to consume again. The american economy is a consumer driven economy but because the manufacturing sector lending and construction is suffering and unemployment and inflation is on the rise the idea to increase taxes for people making more money is to incrementally increase the taxes over time. Whats supposed to happen is that if people with out jobs can save a few hundred a month they can spend money on the crap they like and business owners and service providers who are making over $300 000 will reap the rewards of an economic turn around. What people need to consider logically is that Bush's tax cuts is just sustained on borrowed money so McCain is lying or endanger the economic prowes for America and he wont be able to "win" any wars with the U.S's current economic crisis.

T hat's the problem with McCain and why Paleo Conservatives and Libertarians are not excited about his campaign; because at least Obama is acknowledges the problem while McCain is pushing an agenda with no solid plan to improve the economy. Remember McCain insists no time table should be placed on the end of an american occupation of Iraq. The war has cost 3 trillion so far so that's another point why McCains plan seems unlikely because paying billions a year with no exit strategy and low taxes actually endangers the infrastructure of the homeland and if the economy can not be encouraged by eliminating the deficit then you're going to have a situation that will provoke an even larger increase in government then what has already been created by Bush a guy who said he was going to decrease.

There's more people earning less than $300 000  a year then those earning more so it's in the countries interest to get those people buying while people who can sustain a burden let the consumer effect take hold. This is what worked with Clinton and you got 8 straight surpluses and were politcally succesful in several major conflicts. 

 There is that logic again: the economy is just a great big game of redistributing wealth. 

I'd like to point that there is such a thing as WEALTH CREATION and that wealth actually aids in the  creation of wealth.

Simply: Tax cuts pay for themselves.

 LOL not when you got a war to pay for. Every month the troops have to maintain some semblance of order for a country thats ready to start running itself you borrow more from china and print more bills driving up infation and making what ever couple of bux some slob earning $24 758 get eaten up on the cost of inflation.

The redistribution is better to go for when you need people to get back to fulfilling their lives with a bunch of useless stuff, you need people living beyond their means, it's a crisis when regular people are worried about buying food and gas and wont buy that t.v thats made in china or car thats made in Japan. 

 This article is pure speculation, but taxes will have to be raised whomever is elected. We are so deep in debt that it's unrealistic to think that free enterprise and lower taxes will solve this.

We have been living on credit for the last 30 years or so and sooner or later the notes had to come due, which is exactly what's happening now.

I don't want to see tax increases, but if it's to improve the standard of living for all the people of this country then I will pay my fair share, because if we try to keep on our current path this country will surely collapse.

The population is gettting bigger every day and the pie is getting smaller, socialized medicine, social safety nets for the children, reducing the massive homeless population that's growing every day, our bridges and roads, our environment, childrens education and many other issues function because of our tax dollars, not private enterprise.

What we do need is more accountibility from our elected officials on how our tax dollars are spent.

?

thanks for your opnions, i have a hard time understanding some of this stuff sometimes and when i read what you all post sometimes it makes more sense 

tatertots_mama:

thanks for your opnions, i have a hard time understanding some of this stuff sometimes and when i read what you all post sometimes it makes more sense 

Not really redistribution, it is just using good sense, if the majority of working Americans have more money to spend then they can buy products which puts more money in the big boys bank accounts. If the majority of working Americans have less money to spend then the corporations and the wealthy corporation owners loss money because they have no market for their products. So improving income and therefore spending capacity of working Americans is where wealth is created.  Besides you really don't have to worry about the rich guy having to pay more taxes because the governemnt always gives ways out for the rich thru tax advantage incentives such as alternative energy, that is why Warren Buffet, big oilmen, and other wealthy individuals are into wind, solar, and biofuel now. Warren Buffett currently has one of the biggest wind power companies in the US.  A lot of the really wealthy got rich thru governemnt contracts that our taxes pay for anyway.  

If you think the rich guy you work for is going to pay you higher wages because he gets a tax cut you are in for a big disapointment, he will invest in better equipment the cuts back on the need for labor before he will pay you more, because if he pays you more he has to pay more employment taxes. A good way to attain wealth these days is to look around where you work and come up with some form of automated or computerized equipment that will do your job or someone else's job and make you or someone else obsolete.

The rich guy gets rich off of the labor and buying power of the average working class people, that is your creation of wealth, and your aid in the creation of wealth.

Prince Pepper:

 There is that logic again: the economy is just a great big game of redistributing wealth. 

I'd like to point that there is such a thing as WEALTH CREATION and that wealth actually aids in the  creation of wealth.

Simply: Tax cuts pay for themselves.

If Obama is elected, and I pray he is not, America will be taxed to the extent that most of us cannot imagine let alone afford.  If you are old enough to remember Jimmy Carter, the thought of 18% home loans should scare you to death...Personally, I believe McCain is just the lesser of the two evils...Even if you hate McCain, one would think you could appreciate his candor and non-flip-flopping about issues dear to America......Dave

I have not been able to find anything to substantiate all the tax scare about Obama, still looking, but so far it just seems to be more hype and lies made up to scare people into supporting McCain, but if McCain could get his facts about dates and timelines regarding the war straight, maybe the scare tactics would not be needed. 

majik13:

 This article is pure speculation, but taxes will have to be raised whomever is elected. We are so deep in debt that it's unrealistic to think that free enterprise and lower taxes will solve this.

We have been living on credit for the last 30 years or so and sooner or later the notes had to come due, which is exactly what's happening now.

I don't want to see tax increases, but if it's to improve the standard of living for all the people of this country then I will pay my fair share, because if we try to keep on our current path this country will surely collapse.

The population is gettting bigger every day and the pie is getting smaller, socialized medicine, social safety nets for the children, reducing the massive homeless population that's growing every day, our bridges and roads, our environment, childrens education and many other issues function because of our tax dollars, not private enterprise.

What we do need is more accountibility from our elected officials on how our tax dollars are spent.