An America with their hand held out

Submitted by jennifer solis (United States), Apr 28, 2008 at 19:39

Welcome to the Welfare State.

Proposed changes in taxes after 2008 General election:

Capital Gains Tax -

McCain = 15% (no change) OBAMA = 28% Clinton = 24%

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.

Dividend Tax -

McCain = 15% (no change) OBAMA = 39.6% Clinton 39%

How will this affect you?

If you have money invested in mutual funds, life insurance, retirement accounts, the stock market or anything that pays or reinvests dividends, you will be paying nearly 40% of the money earned on taxes if Obama or Clinton becomes president.

Inheritance Tax -

McCain = 0% (Bush repealed this tax) Obama = keep the inheritance tax Clinton = keep the tax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.

Both Obama and Clinton propose NEW taxes on -

Homes that are more than 2400 square feet; new gasoline tax; new tax on natural resources consumption (heating gas, water, electricity); new tax on retirement accounts - and last but not least, new taxes to pay for SOCIALIZED MEDICINE so we here in the U.S. can receive the same level of medical care as Canada and Europe (people constantly travel to the U.S. from these countries in order to save their own life - really. Look it up.)

Obama's Health Care Plan will cost up to $65 Billion a year; equal to $260 Billion over four years.

"Obama campaign officials estimated that the net cost of the plan to the federal government would be $50 billion to $65 billion a year, when fully phased in, and said the revenues from rolling back the tax cuts were enough to cover it." (Robin Toner and Patrick Healy, "Obama Calls for Wider and Less Costly Health Care Coverage," the New York Times, 5/30/07)

Obama's Plan would raise taxes on Capital Gains and Dividends (Obama For America, "Barack Obama: Tax Fairness for the middle class," Fact sheet, www.barackobama.com (1/8/08)

Obama's Economic Stimulus Package: Barrack Obama's economic plan will inject $75 billion of "stimulus" into the economy by "getting money in the form of tax cuts and direct spending directly to the people who need it most" ("Barack Oama's Plan To Stimulate The Economy" Fact sheet, www.barackobama.com (1/13/08)

Obama will provide $2 Billion to Aid Iraqi Refugees."He will provide at least $2 billion to expand services to Iraqi refugees in neighboring countries, and ensure that Iraqis inside their own country can find a safe haven. " (Obama For America, "The Blueprint For Change," www.barakobama.com , Acc. 1/14/08)

BUT THAT"S NOTHING.

Check this out - the "Global Poverty Act", a bill sponsored by Sen. Barak Obama, which makes levels of U.S. foriegn aid spending subservient to the dictates of the UNITED NATIONS.

This bill amounts to a phenomenal amount of YOUR TAX DOLLARS - spending over thirteen years amounting to $845 billion - that's $845 billion OVER AND ABOVE what the U.S. ALREADY SPENDS on FORIEGN AID.

The U.S. ALREADY is the world's leader in foriegn aid.

You may be voting for Obama, but Obama will take YOUR MONEY and not only will give it to someone else, this "someone else" will live in another country, American Voter.

http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=215995

---

Note: Opinions expressed in comments are those of the authors alone and not necessarily those of Daniel Pipes. Original writing only, please. Comments are screened and in some cases edited before posting. Reasoned disagreement is welcome but not comments that are scurrilous, off-topic, commercial, disparaging religions, or otherwise inappropriate. For complete regulations, see the "Guidelines for Reader Comments".