2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS

From my uncle in Kentucky.

Perhaps one of the best comparison charts I've seen between McCain and Obama. Read it carefully. The differences between the two with regard to taxes is significant despite all the media bias to the contrary.

ISSUE		JOHN McCAIN	BARAK OBAMA
Favors new drilling offshore US		Yes	No
Will appoint judges who interpret the law not make it		Yes	No
Served in the US Armed Forces		Yes	No
Amount of time served in the US Senate		22 YEARS	173 DAYS
Will institute a socialized national health care plan		No	Yes
Supports abortion throughout the pregnancy		No	Yes
Would pull troops out of Iraq immediately		No	Yes
Supports gun ownership rights		Yes	No
Supports homosexual marriage		No	Yes
Proposed programs will mean a huge tax increase		No	Yes
Voted against making English the official language		No	Yes
Voted to give Social Security benefits to illegals		No	Yes
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
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 could almost double!
INHERITANCE TAX
MCCAIN	- 0% (No change, Bush repealed this tax)
OBAMA	Restore the inheritance tax   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 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!!!

All of this can be verified at the following web sites;

CNN Politics

AARP Bulletin  

Washington Post

FOX News