Good Comparision Chart

Be sure to look at the real estate capital gains & income tax impact of electing Obama......

This is a nice little chart to bring out the different points

2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS ISSUE

JOHN McCAIN           BARACK  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-sizey 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!!! 

You can verify the above at the following web sites:

http://money.cnn.com/news/specials/election/2008/index.html
http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html

http://elections.foxnews..com/?s=proposed+taxes
http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html

http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/
http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/