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Practically Speaking

Kyle and her husband moved to Brookfield in 1986. She became active in local politics and started blogging in 2004. Her focus is primarily on local issues but often includes state and national topics, too. Kyle looks at things from the taxpayers' perspective in a creative, yet down to earth way, addressing them from a practical point of view.

Compare the candidates

TAKE A LOOK AT THIS!
Subject: See how the outcome of this election would affect all of us...
2008 PRESIDENTIAL CANDIDATE COMPARISON TALKING POINTS
ISSUE
JOHN BARAK
McCAIN
Favors new drilling offshore US Yes No
OBAMA
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) OBAMA
(go back to pre-Bush taxes)
Single making 30K - tax $4,500 Single making 30K - tax $8,400
Single making 50K - tax $12,500 Single making 50K - tax $14,000
Single making 75K - tax $18,750 Single making 75K - tax $23,250
Married making 60K- tax $9,000 Married making 60K - tax $16,800
Married making 75K - tax $18,750 Married making 75K - tax $21,000
Married making 125K - tax $31,250 Married making 125K - tax $38,750
Under Obama, your taxes could almost double
!
Next Page
INHERITANCE TAX
MCCAIN
- 0% (No change, Bush repealed this tax)
OBAMA Would bring back
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 government taxes proposed on homes that are more than 2400 square feet.
NEW TAXES PROPOSED BY OBAMA
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://money.cnn.com/news/specials/election/2008/index.html>
http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html
<http://www.cnn.com/ELECTION/2008/issues/issues.taxes.html>
http://elections.foxnews.com/?s=proposed+taxes <http://elections.foxnews.com/?s=proposed+taxes>
http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html
<http://bulletin.aarp.org/yourworld/politics/articles/mccain_obama_offer_different_visions_on_taxes.html%A0>
http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/ <http://blog.washingtonpost.com/fact-checker/candidates/barack_obama/>
http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/ <http://blog.washingtonpost.com/fact-checker/candidates/john_mccain/>

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