ISSUE
|
JOHN
McCAIN
|
BARAK
OBAMA
|
|
Favors new drilling
offshore US
|
Yes
|
No
|
|
Will appoint judges
who interpret the
law not make it
|
Yes
|
No
|
|
Served in the US
Armed Forces
|
Yes
|
No
|
|
Amount of time
served in the US
Senate
|
22 YEARS
|
173
DAYS
|
|
Will institute a
socialized national
health care plan
|
No
|
Yes
|
|
Supports abortion
throughout the
pregnancy
|
No
|
Yes
|
|
Would pull troops
out of Iraq
immediately
|
No
|
Yes
|
|
Supports gun
ownership rights
|
Yes
|
No
|
|
Supports homosexual
marriage
|
No
|
Yes
|
|
Proposed programs
will mean a huge
tax increase
|
No
|
Yes
|
|
Voted against
making English the
official language
|
No
|
Yes
|
|
Voted to give
Social Security
benefits to
illegals
|
No
|
Yes
|
|
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
|
|
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 could almost
double!
|
|
INHERITANCE
TAX
|
|
MCCAIN
|
- 0% (No change,
Bush repealed this
tax)
|
|
OBAMA
|
Restore the
inheritance
tax
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
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!!!
|