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Policy Positions Re: TAX PLANS:



While all remotes are tuning in to hear what Congress is going to do about the current financial crisis, the best plan I've heard so far is what Newt Gingrich proposes: not to bail out the failed companies, but to loan them the money.

In the meantime, let's not lose sight of what each candidate's proposed tax plan is, should they become president:

CAPITAL GAINS TAX
MCCAIN
0% on home sales up to $500,000 per home for couples. No increase to current home sales income tax.

OBAMA
28% on profit from ALL home sales

DIVIDEND TAX
MCCAIN 15% (no change)

OBAMA 39.6%
If you have money invested in the stock market, an IRA, mutual funds, retirement accounts, etc., you will pay nearly 40% of the money earned on taxes under Obama.

INHERITANCE TAX
MCCAIN 0% (no change, Bush repealed this tax)

OBAMA Restore the inheritance tax

INCOME TAX
MCCAIN
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
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

Know the facts before you vote.

http://www.womantalk.us/Specials/