First of all, why are you sending this to this list? I don't think this has anything to do with window-eyes! I don't about anyone else, but I'm offended!
Sandra Fouts Phone Counselor Arkansas Attorney General's Office 323 Center Street, Ste 200 Little Rock, AR 501-371-2303 Fax 501-682-8118 -----Original Message----- From: Josh N Rivera [mailto:[EMAIL PROTECTED] Sent: Wednesday, July 30, 2008 12:59 PM To: [email protected] Subject: Fw: Fw: tax burden comparisons ----- Forwarded Message ----- From: Josh N Rivera <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] Date: Wed, 30 Jul 2008 13:19:35 -0400 Subject: Fw: tax burden comparisons Share this info with your mom. Blessings [EMAIL PROTECTED] To: [EMAIL PROTECTED] Date: Wed, 30 Jul 2008 09:08:21 EDT Subject: tax burden comparisons Message-ID: <[EMAIL PROTECTED]> Subject: think before you vote No matter which political party you belong to, you need to be aware of certain facts so that you can make an intelligent choice this year. Take it for what it's worth. A few points to remember and consider: You can verify the tax information at http://money.cnn.com/news/specials/election/2008/index.html if you'd like. INTERESTING DATA JUST RECEIVED ON TAXES & PROPOSED CHANGES IN TAXES AFTER 2008 GENERAL ELECTION. Time to consider your pocketbook: 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 (find your bracket) 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 (reverse all 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, 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 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! THE FOREGOING IS SOMETHING YOU SHOULD BE AWARE OF. . . IT SHOULD MAKE YOU THINK BEFORE YOU CAST YOUR VOTE IN NOVEMBER. Please spread the word. This will catch a lot of families off guard. ________________________________ Get fantasy football with free live scoring. Sign up for FanHouse Fantasy Football today <http://www.fanhouse.com/fantasyaffair?ncid=aolspr00050000000020> . ____________________________________________________________ Fly cheap! Click here for great airfare deals. <http://thirdpartyoffers.juno.com/TGL2142/fc/Ioyw6i3nMQmG4p6W9qcnrbmebBw RRu3cgMpKhal7L70vYPt2zxEzvU/> If you reply to this message it will be delivered to the original sender only. If your reply would benefit others on the list and your message is related to GW Micro, then please consider sending your message to [email protected] so the entire list will receive it. All GW-Info messages are archived at http://www.gwmicro.com/gwinfo, and can be searched through and sorted using the search form at the bottom of the page. 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