I am voting for McCain this November. I don't like everything about McCain and his politics, but am definitely not in favor of the things that Obama stands for.

Please forgive me for interjecting politics into our message board, but I just had to make sure that all my friends were aware of the changes that Obama would make in our financial security.

For any of you who have associates whom are leaning toward Obama, for
whatever reason, and won't listen to normal logic regarding this
Novembers Presidential vote, I have some information which might
further my arguments to get folks to back McCain.
No matter what a person's politics, most folks, unless they are
extremely wealthy, are pretty protective of their bank accounts and
the legacy that is going to be left to their heirs.

Well, here's a rundown of our prospective future tax situation under
McCain's leadership compared to Obama's leadership.

I promise not to do this often.
Jim Cook

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Is this the sort of taxation you want?
If you want 'CHANGE' this will do it.
Pass this one to your voting friends - of all political parties.
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CAPITAL GAINS TAX
Current 0% on home sales up to $500,000 per home (couples)

McCAIN
McCain does not propose any change in income tax on existing home
sales

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% taxes on
your profit (Capital Gain).
If you are planning to retire and would like to down-size your
home or move into a retirement community 28% of the money you make
CAPITAL GAIN) from your home will go to taxes under Obaha's plan.

This proposal will adversely affect retiring couples who are
counting on the income (CAPITAL GAIN that is currently exempt from
income tax) from their home 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 mar ket, 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 ?
(CLINTON TAX INCREASES WOULD BE REINSTATED)
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!!!
. ***