I'm not necessarily offended, but this isn't anything that belongs on this
list. It may be information that people may need to be aware of, but this
isn't the place to do it. I hope this message was sent by mistake. I'll
give them the benefit of the dought. ----
From: "Sandra Fouts" <[EMAIL PROTECTED]>
To: "Josh N Rivera" <[EMAIL PROTECTED]>; <[email protected]>
Sent: Wednesday, July 30, 2008 1:03 PM
Subject: RE: Fw: tax burden comparisons
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.
________________________________
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