[CS-FSLUG] [PD] THIS WILL CHANGE YOUR RETIREMENT!!!

[Ed Hurst]

On Wed, 22 Oct 2008 20:15:32 -0500, Fred A. Miller <fmiller at lightlink.com>  
wrote:

Moderator marks this PD

> THIS WILL CHANGE YOUR RETIREMENT!!!
>
>
> For those among you who have more money than you will ever need, save  
> your
> time and delete this email.
>
> For the rest of us who are still working with mortgages, children and
> grandchildren or retired living on a pension and or
> Social Security perhaps you will take a couple of minutes to read the  
> proposed
> changes in the American tax system.
>
> Sharing this email with others can make a difference on November 4,  
> 2008; for
> our citizens and our country.
>
> INTERESTING DATA JUST RECEIVED ON TAXES
>
> This is something you should be aware of so=2 0you 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 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 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.
> 20
>
> 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 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 You
>
> Robert D. Jenkins
> Vice President - Investments
> Chartered Retirement Planning Counselor
> Wachovia Securities, LLC
> 314-991-7812
> 800-999-4448 toll-free
> robert.jenkins at wachoviasec.com
>
> WWW.home.wachoviasecurities.Com/Robert.Jenkins
>



-- 
Ed Hurst
------------
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