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Subject: Fear Spam on Obama's "Tax Hikes"
Spread the word.....
This is something you should be aware of so you
don't get blind-sided.
This is really going to catch a lot of families
off guard. It should make you worry.
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 e lderly
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 4 0% of the money
earned on taxes if Oba ma 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
S ingle 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</ SPAN>
MCCAIN 0% (No change, Bush repealed this tax)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 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
w e can receive the same
level of medical care as other third-world countries!!!
Thank You
Robert D. Jenkins
Vice President - Investments
Chartered Retirement Planning Counselor
Wachovia Securities, LLC
314-991-7812
800-999-4448 toll-free
robert.jenkins@wachoviasec.com
www.home.wachoviasecurities.com/robert.jenkins
I don't think Jenkins at Wachovia wrote this crap.
I went to that link above and, while I didn't search it exhaustively
I doubt Jenkins wants a war with every Obama voter...
So that means only the stupid people with computers will buy these lies.
That's what, 100 million Americans?
I wish Obama was fighting back more agressively.
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