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To: SJackson
Of course they are not all Jews.

My point was that all of them added up amounts to a significant number of voters.

What do you mean they will not be affected by BO’s tax plan?

A 33% increase on dividends will affect everyone who has a retirement plan heavily invested in stocks, and most 401’s do.

Mine is a private plan and it is split between stocks and various other less volatile investments, but nevertheless, dividends are important.

18 posted on 10/21/2008 2:39:27 PM PDT by old curmudgeon
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To: old curmudgeon
Under Obama's plan tax rates on dividends and capital gains remain at 15% for those with under $250,000 in income, they're only increased over that threshold. Which imo will drop. I doubt the number of retirees above $250,000 income is significantly higher than workers, and probably lower.

Income from your 401K and retirement plan will be taxed as regular income, regardless of whether it was earned from dividends or capital gains, when you take distribuions. Under McCain's plan the rate on distributions from retirement plans would drop, I believe he's suggested to 10%, but the GOP doesn't seem to want to talk about that.

The reason to oppose Obama's redistribution plan is that it's pure Marxism, not socialism, something retirees should be able to relate to having witnessed the ravages of Marxism, but the GOP doesn't seem to want to discuss that either.

19 posted on 10/21/2008 3:40:22 PM PDT by SJackson (I don't believe that people should be able to own guns, BH Obama to John Lott)
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