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I hope he doesn't get elected
----- Original Message -----
From: john dudley
To: Kacie Gallatin ; Katy Tecson ; KEITH REID ; Ken Ivaska ; kirk fontenot ; kris Nichol ; Kristin Elder ; lee sweeten ; Matt Robertson ; Mike Dudley ; nelda thomas ; olewis ; Paul Guettler ; Paul Wicks ; Phoebe ; Rex Seale ; Robert Hattenbach ; Ron Deiterich ; Russ Davis ; Russell Aday ; Steve Skidmore ; Steve Wells ; Todd Landry ; Tom Croft ; Virgil Ward
Sent: Thursday, August 28, 2008 12:54 PM
Subject: FW: Tax Information
JOHN & SUSAN DUDLEY JD7703@...
> ------------------------------------------------
>
> INTERESTING DATA JUST RECEIVED ON TAXES
>
> Proposed changes in taxes after 2008 General
>
> election:
>
> > 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 y our
> > 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 4 0% of the money
> > earned on taxes if Obama become 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 change s)
> >
> > 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 will
> > more than double!
> > How does this affect you? No explanation
> > needed. This is pretty
> > straight forward.
> >
> > INHERITANCE TAX
> >
> > MCCAIN 0% (No change, Bush repealed this
> tax)
> >
> > OBAMA Restore the inheritance tax
> >
> > How does this affect you? Many families
> > have lost businesses,
> > farm s and 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 not only lose them to< BR>these
> taxes.
> >
> > NEW TAXES BEING 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!!!
> >
> >
> > Thank You
> > Robert D. Jenkins
> > Vice President - Investment s
> > Chartered Retirement Planning Counselor
> > Wachovia Securities, LLC
> > 314-991-7812
>
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>
> Information contained in this email transmission is privileged and
> confidential. If you are not the intended recipient, do not read,
> distribute or reproduce this transmission (including any
> attachments). If you have received this email in error, please
> notify the sender by email reply.
>
> To ensure compliance with requirements imposed by the IRS, we
> inform you that, unless otherwise expressly indicated, any U.S.
> federal tax advice contained in this communication (including any
> attachments) is not intended or written to be used, and cannot be
> used, for the purpose of (i) avoiding penalties under the Internal
> Revenue Code or (ii) promoting, marketing or recommending to
> another party any transaction or matter addressed herein.
>
>
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