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I found this email today when I was cleaning out old mail. The predicted results of the 2008 elections were interesting. Perhaps you will find this email interesting as well.

You may want to use the link in the email to check the facts as suggested against what actually did occur.

I find this political rhetoric entertaining, especially this one from the email below:

IF YOU DON’T OWN ANYTHING NOW, CHANCES ARE YOU NEVER WILL BECAUSE TAXES ARE GOING TO GET IT ALL.

However, it’s not fun when what was predicted actually comes to pass.

It ticks me off that we saw the handwriting on the wall and yet ignored it. We made our choice based on popularity and looks instead of good judgment. Of course, who’s to say McCain and Palin would have done better. Perhaps there wasn’t much of a choice?

Instead of being wise with our votes, we choose people according to what others advice or snub. We choose instead by a popularity vote.

Although the campaigning is just starting, will you please remember why you are voting and be educated about the candidate before you elect him or her?

—– Original Message —–

Sent: Thursday, July 31, 2008 12:35 AM
Subject: Fw: vote in 2008 – What Are the TAX Consequences of your vote?

A few points to remember and consider: You can verify the tax information at http://money.cnn.com/news/specials/election/2008/index..html, if you’d like.

(INTERESTING DATA JUST RECEIVED ON TAXES & PROPOSED CHANGES IN TAXES AFTER 2008 GENERAL ELECTION.)

Time to consider your pocketbook:

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 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 (find your bracket)

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  (reverse all 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, 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 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!!!

THE FOREGOING IS SOMETHING YOU SHOULD BE AWARE OF. . . IT SHOULD MAKE YOU THINK BEFORE YOU CAST YOUR VOTE IN NOVEMBER.

IF YOU DON’T OWN ANYTHING NOW, CHANCES ARE YOU NEVER WILL BECAUSE TAXES ARE GOING TO GET IT ALL.

Please spread the word. This will catch a lot of families off guard.

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