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

[christiansource at ofb.biz]

http://www.factcheck.org/askfactcheck/would_obama_tax_my_profits_if_i.html

On Wed, 22 Oct 2008 20:49:32 -0500, "Ed Hurst" <ehurst at asisaid.com> wrote:
> 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
>>
> 
> 
> 
>
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