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

CAPITAL GAINS TAX

MCCAIN

No change to current capitol gains tax. 0% on home sales up to $500,000 per home (couples). Other capitol gains remain the same.

OBAMA

Up to a 28% capitol gains tax.  How does this affect you? Any capitol gain, outside of the same exemption on an initial home sale, will see an increased tax of up to 28% rate if Obama gets his way.

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.

INCOME TAX

MCCAIN

(no changes)

Single making 30K - tax $4,113
Single making 50K - tax $8,930
Single making 75K - tax $15,180
Married making 60K- tax $8,198
Married making 75K - tax $11,604
Married making 125K - tax $23,938

OBAMA (reversion to pre-Bush tax cuts)

Single making 30K - tax $4,988
Single making 50K - tax $10,588
Single making 75K - tax $17,931
Married making 60K - tax $11,100
Married making 75K - tax $15,300
Married making 125K - tax $29,871
Under Obama, all income taxes will rise!

INHERITANCE TAX

MCCAIN

McCain seeks to lower the inheritance tax on any inheritance over the exclusion. ($2,000,000 in 2008 and 3,500,000 in 2009)

OBAMA

Obama seeks to raise the inheritance tax on any amount over the exclusion, and may seek to roll back the exclusions to pre-Bush tax cut figures.

NEW TAXES PROPOSED BY OBAMA

Higher 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....undoubtedly new taxes to pay for socialized medicine so we can receive the same level of medical care as other third-world countries!!!