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TAXES: McCain vs. Obama
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Posted on 07/14/2008 11:52:37 AM PDT by ChocChipCookie

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I'm not sure if this has been posted or not, but it seems to be a good overall summary of where John McCain and Barack Obama stand on taxing the American people.
1 posted on 07/14/2008 11:52:37 AM PDT by ChocChipCookie
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To: ChocChipCookie

..but, but, I thought there was no difference between the two candidates.


2 posted on 07/14/2008 11:58:59 AM PDT by mnehring
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To: mnehrling
“..but, but, I thought there was no difference between the two candidates.”

It is funny how the left wants everyone to think that socialism is popular, and yet they won't run on it. All of the democrat candidates (other than very liberal states) run in the center, even if they are leftists. Obama has done the same thing. He talked leftist before his nomination, but he is now lying and trying to act as a centralist and he basically adopts most of McCain's positions so that McCain cannot show a contrast.

3 posted on 07/14/2008 12:01:35 PM PDT by HwyChile
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To: mnehrling

Hey, I keep hearing them say “there ain’t a dime’s worth of difference”...I am so confused!


4 posted on 07/14/2008 12:02:42 PM PDT by Redleg Duke ("All gave some, and some gave all!")
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To: Redleg Duke; HwyChile

They both suck, but in different ways.


5 posted on 07/14/2008 12:04:29 PM PDT by the anti-liberal (Write in: Fred Thompson)
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To: ChocChipCookie
good news, obama is only going to raise taxes on the "rich",

bad news if you have a job or a house you're "rich"

6 posted on 07/14/2008 12:05:25 PM PDT by edzo4
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To: Redleg Duke
You are right, there isn't a dime's worth of difference. If someone sells their $500k home and makes a $125k profit, there is $35,000 worth of difference between the two.
7 posted on 07/14/2008 12:05:40 PM PDT by mnehring
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To: mnehrling

Re: the inheritance tax. We just got back from a homeschooling convention, and one of the speakers brought up this particular tax. He said that he’s giving his kids their inheritance early, tax free, by “gifting” them as much each year as he possibly can afford. I believe the limit is 10K a year (?) that you can give to someone without having to pay any tax. I’m not sure if he’s putting it into 529 plans or how he’s investing it, but it sounds like a good idea.


8 posted on 07/14/2008 12:08:22 PM PDT by ChocChipCookie (Homeschool like your kids' lives depend on it.)
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To: ChocChipCookie

Basically, if you’re crazy enough to want to pay (MUCH) higher taxes, pull the handle for Hussein in November.


9 posted on 07/14/2008 12:08:24 PM PDT by Post Toasties (It's not a smear if it's true.)
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To: the anti-liberal
" 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"

This entire section is a lie (about both candidates).

Free Image Hosting at www.ImageShack.us

Email forwards are rarely true and hardly news.
10 posted on 07/14/2008 12:12:29 PM PDT by Sols
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To: ChocChipCookie

Regarding the Gift Tax, there are two levels of exemption from the gift tax. First, transfers of up to (as of 2006) $12,000 per person per year are not subject to the tax. An individual can make gifts up to this amount to as many people as they wish each year. A married couple can pool their individual gift exemptions to make gifts worth up to $24,000 per recipient per year without incurring any gift tax. Second, there is a credit that essentially negates the tax on gifts until a total of $1,000,000 has been given by one person to another.


11 posted on 07/14/2008 12:12:36 PM PDT by mnehring
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To: edzo4

Priceless.


12 posted on 07/14/2008 12:15:36 PM PDT by Bailee
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To: mnehrling

Ahhh! Now I understand!


13 posted on 07/14/2008 12:15:52 PM PDT by Redleg Duke ("All gave some, and some gave all!")
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To: the anti-liberal

Well, Fred was my choice in the New Hampshire primary. The difference between you and me is that I will vote for my party’s choice, while I guess you are stuck in the past.


14 posted on 07/14/2008 12:16:58 PM PDT by Redleg Duke ("All gave some, and some gave all!")
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To: ChocChipCookie

As long as you’ve been freeping, I would have thought you would know better than to post something you received via email before chasing it down to its source to find out if it has any credibility. If the originator of the email didn’t bother to cite references or sources, then it should be viewed as unfounded rumor at best until corroborating sources can be established.


15 posted on 07/14/2008 12:19:26 PM PDT by VRWCmember
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To: mnehrling
Second, there is a credit that essentially negates the tax on gifts until a total of $1,000,000 has been given by one person to another.

I don't think either of my kids will have to worry about hitting the million dollar mark. :o)
16 posted on 07/14/2008 12:21:17 PM PDT by ChocChipCookie (Homeschool like your kids' lives depend on it.)
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To: ChocChipCookie

You would be amazed what a small monthly or weekly contribution into a diversified investment portfolio could add up to over a lifetime.


17 posted on 07/14/2008 12:23:02 PM PDT by mnehring
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To: Redleg Duke
I have no Party.

Never have, never will.

18 posted on 07/14/2008 12:27:34 PM PDT by the anti-liberal (Write in: Fred Thompson)
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To: ChocChipCookie

Despite not liking McCain as the Republican nominee, I will certainly vote for him over Obama. This comparison of tax policies alone should give any conservatives thinking about staying home on election day a reason to vote for McCain.


19 posted on 07/14/2008 12:28:43 PM PDT by The Great RJ ("Mir we bleiwen wat mir sin" or "We want to remain what we are." ..Luxembourg motto)
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To: ChocChipCookie

Where is your documented proof that this “email” is factual and true in nature?


20 posted on 07/14/2008 12:33:57 PM PDT by chouli
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