Got this in an email today:

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 re invests dividends, you will now
> be paying nearly 4 0% 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 MCCAIN 0% (No change, Bush repealed this tax)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< BR>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!!!
>
>
> Thank YouRobert D. Jenkins
> Vice President - Investments
> Chartered Retirement Planning Counselor
> Wachovia Securities, LLC


Any truth to it?

__________________
" You've Been Thunder Struck ! "

Snopes

FactCheck.org

If you receive it via an email, the only email your grandmother managed to forward, and it is about a black guy, it probably isn't true.

Boy, is that ever on the money. I get ten 'Obama is a Marxist/the antichrist/bin laden mole' emails from an elderly relative every week. This tax email came yesterday.

John Stewart said it first.

Jon Stewart Mocks Media For Peddling Insane Obama Rumors

Pretty funny.

Ha, ha.. yeah Granny sent it...

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" You've Been Thunder Struck ! "

Interesting how a segment of the older folks have such conspiratorial ideas about Obama. I've noticed that with a segment of conservative Christians as well.

I'm not gonna vote for him, but I don't think his election will be the downfall of America. Sheesh...

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ProjectOKC.com

"Older folks"?? You're not talking about me are you???

So, why aren't you gonna vote for the socialist Obama?

I had a feeling GWB would respond.

Haha. He's my dad.



The way I see it is...

Obama will extend the government's power over the taxpayer by expanding domestic programs. McCain will extend the government's power over the taxpayer by expanding the US empire around the world militarily.

It's a lose-lose in my opinion.

I'm gonna write in Ron Paul.

__________________
ProjectOKC.com

Whether domestic or globally, I'd rather pay the taxes outright than borrow from other countries. I mean, if the damage to our pockets must be done, do so at a lesser extent, without interest.

__________________
...this shortest straw has been pulled for you

When will y'all learn not to post a forward before checking snopes?

snopes.com: Proposed Tax Changes

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It's a friendlier OKCTalk!

Obama will raise taxes.

Somebody's going to have to raise taxes. We have a record deficit that's still climbing.

No, no, no, no...

If our elected officials would just SPEND LESS, the deficit would go away. See, the more taxes are raised, the more they're gonna spend.

__________________
ProjectOKC.com

But what has happened over the past eight years is that we've cut taxes and still spent more.

The bills are still due for Mission Accomplished, among other things, and they're going to have to be paid. We have a nationwide infrastructure problem, and the longer we put off dealing with that, the more it will cost to fix (look at our own streets for a micro example of how that happens).

Driving UNWED MOTHERS off a cliff somewhere will not solve our deficit problem.

Here's a fairly interesting story on the candidates and the economy from McClatchy Newspapers.

Agreed.

If we reined in our empire that would save billions upon billions and nary an unwed mother would be shoved off a cliff.

Also, I'll bet we'd be mighty surprised to see all the pork we're paying for.

Isn't there a web site like "fleecing of America" or something like that that shows the insane things that we taxpayers are indeed paying for.

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ProjectOKC.com

I think only fat unwed mothers should be shoved off of cliffs.

ahhh the obama saviour of the universe what a character he is. Yes although the actuall percetages on that tax hike may not be right the fact is the man wants to raise taxes a bit. Not that its a foreign concept but the man simply is not the one I want for president. He has very little experience to speak of. He would have to run the us much like the ceo of a multibillion ,,,,,,check that severl multibillion dollar corporations. Imagine your an investor with stock in this great conglomerate called the good ole us of a would you want your ceo to be a first year fresh out of college new face or would you rather your company be handled by someone who knows what there doing. I mean this man (obama) claims to be green as in eco friendly. But he recently stated that if us americans aired up our tires to the proper psi we would save several million gallons of gas which is about the amount we want to drill for. Now although im no mathemetitian if we stand to gain several trillion barrels of crude oil and with crude oil per barrell translating to at least oh i dont know lets say 30 gallons of actuall gas that is significantly more that what he claims we would be saving by airing up our tires. He insists we need to drive eco friendly cars. Obama thinks we should use the train more often. Basicly he wants the govnt to do everything for us. He claims to be green i say hes green like a watermellon but a watermellon is red red like socialism on the inside.

Dick Move of the Week - McCain Attacks | The Daily Show | Comedy Central

lol

You know, I get really tired of our presidential debates, mostly because news people are idiots. News flash, the executive branch does not legislate. A president cannot raise taxes. He can vote to go along with a tax rate or veto it, and that's about it. Maybe the talking heads mean to say this, but it isn't what they are saying.

Time and again our populace fails to discuss the things that presidents actually do. The president is the chief of state, so foreign policy is a big deal with a president. The president appoints people to the Supreme Court. The president is the head of the Executive Branch, so if you have a beef with various law enforcement agencies not enforcing borders, focusing on the wrong things, etc., then you should be asking how the presidential candidate will direct his Executives in these regards. The president appoints people to tons of positions, including the Fed, so monetary policy is a legitimate question.

And yet every four years we go on and on asking the president if he "is going to raise taxes." Really? Or we ask nonsensical questions about the greater economy, as though the president is somehow in control of all private corporations everywhere.

I'm not sure what's sadder, the fact that our media is full of a bunch of brain-dead dolts or the fact that the viewing public doesn't demand more.

What are Signing statements? Executive orders? Secret confidential memos from the DoJ that even congress isn't allowed to know about?

Signing statements carry no power of law, all they are meant to do is to allow a president explain how his executive branch is going to go about enforcing such a law. So again this just re-enforces the question of how a president will run his branch of government. Executive Orders only apply to his branch of government. As far as secret memo's go, I think when things like that are going on we have a lot more serious a problem on our hands than what we are admitting and probably someone needs to go to jail.

Actually, a sitting president can legislate; however, they cannot do it on their own. All they have to do is call any senator or legislator into the office and ask them to do it for them. It is very easy to do if your party has control of both the house and senate.

To be honest I am scared of what 2009 will bring. Either candidate is going to run up are national debt and raise taxes. It amazes me that neither candidate has suggested downsizing government services and cutting spending. Neither candidate is suggesting any real solutions.

We need to change the mindset of most Americans. People need to learn to weather storms independently. The government does need to come to the rescue for every little pain you endure.

(IE: Gas prices go up, suck it up. Move closer to work or work closer to home. If you cannot do that, you will remember next to time to buy car that is practical instead of what is cool.)

If you make a mess of your life, you are in charge of cleaning it up. If a disaster happens, you should only get the bare minimum basics and nothing else.

I want to see the government get out of the business of bailing people and companies out of trouble. If you have to bail yourself out your ten times likely to be prepared for the next mess. There are no free lunches, healthcare or retirement funds. Somebody is paying for it.

If I could make a statement to every American, I would say:

"Quit your griping, get to work, if you’re not going to take any action to solve your problems sit down and shut up. Take care of yourself, the people you love and remember to help those that are less fortunate then you. Every privilege comes with a list of responsibilities. It is not your government's job to wipe your butt and help you blow your nose. Voting for one politician or the other will not improve your life. Step up and take charge. Only you can change your life for the better. No one else has that power."

I am not a rich by any means nor am I poor. I just found that solving your own problems makes change happen today. Waiting for someone else to do it can take days, weeks, months and sometimes years.

The Bush administration has no problems bailing out companies. Is that right?