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ISSUE JOHN McC A IN / B A R A K OB A M A Favors new drilling offshore US Yes :McCain No : Obama Will appoint judges who interpret the law not make it Yes: McCain No : Obama Served in the US A rmed Forces Yes: McCain No: Obama A mount of time served in the US Senate 22 YEARS:McCain 173 DAYS: Obama Will institute a socialized national health care plan No: Mc Cain Yes: Obama Supports abortion throughout the pregnancy No: McCain Yes: Obama Would pull troops out of Iraq immediately No: McCain Yes: Obama (this would be wrong to do at this time I think) Supports gun ownership rights Yes:McCain No: Obama Supports homosexual marriage No: McCain Yes: Obama Proposed programs will mean a huge tax increase No: McCain Yes: Obama Voted against making English the official language No: McCain Yes: Obama Voted to give Social Security benefits to illegals No !: McCain Yes: Obama C A PIT A L G A INS T A X MCC A IN 0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax. OB A M A 28% on profit from A LL 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 T A X MCC A IN 15% (no change) OB A M A 39.6% - (How will this affect you? If you have any money invested in stock market, IR A , 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 T A X MCC A IN (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 OB A M A (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! INHERIT A NCE T A X MCC A IN - 0% (No change, Bush repealed this tax) OB A M A 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 T A XES PROPOSED BY OB A M A 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!!! You can verify the above at the following web sites: http://money.cnn.com/news/specials/election/2008/index.html http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html http://elections.foxnews.com/?s=proposed+taxes http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/ http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/