Interesting data just received on taxes: proposed changes in taxes

I really like the Idea of making house flipping non profitable, it manipulates a commodity that should be entitled to everyone.

I live in Vancouver BC, House prices took off here pretty darn fast.

Ever watch "Flip that house," housing market manipulators are a target market for networks, its a friggin mad house. Everyone sees green like its the latest latte at starbucks and dive into line to buy like 3,4,5,10 friggin condos at a time, HOW MANY DAM KIDS DO THEY HAVE.p

As for Old people and hoping the house they paid 60,000 for 40 years ago and are expecting a million dollar retirement... i hope your not that old couple that complain about when they used to buy a loaf of bread for 10 cents, cause that would be, well, STUPID.

Anyone who believes that posting about taxes supposedly from Wachovia also believes we should waste more money in Iraq, send more of our boys to die, let New Orleans rot, let No Child Left Behind ruin the country, and has NO MONEY to lose in the stock market.
Does anyone ever ask for sources or proof anymore? This is made up to strike fear in the hearts of the modest middle class on the part of the money class who wants MsCain to win at any cost.

reply to post by azodrac


before posting such political msgs, good to check their "reality" this one is crap.

mycrapmail.blogspot.com...

Originally posted by Marilyn
Far be it from me to say ANYTHING good about obama, but the truth is what is important...

This has been put on Snopes and is a false report...

SNOPES

I still don't like obama.

Marilyn~

Star for you for doing the right thing, Marilyn! If you hadn't posted this link to Snopes I would have. I don't like Obama either but I can't stand it when I see false information (that I know about) being spread around.

www.factcheck.org...

Please see the above link for a refutation by a nonpartisan, nonprofit of pretty much all of the following assertions on Obama's proposed taxes. I'd suggest sending it to the other people cced on the email since it is deliberately misleading, if not outright misinformation.

Originally posted by jetxnet

These figures are true, i've done the research too.

[edit on 20-7-2008 by jetxnet]

Please enlighten me. Links? Sources?

This has been SHOWN TO BE BS!

Try this link by CNNMoney
money.cnn.com...

Originally posted by sos37

Originally posted by Marilyn
Far be it from me to say ANYTHING good about obama, but the truth is what is important...

This has been put on Snopes and is a false report...

SNOPES

I still don't like obama.

Marilyn~

Star for you for doing the right thing, Marilyn! If you hadn't posted this link to Snopes I would have. I don't like Obama either but I can't stand it when I see false information (that I know about) being spread around.

Sos ...I am an Obama supporter...for whatever it is worth your credibility with me is increasing by the post.

reply to post by Marilyn



How do we know that SNOPES can be trusted? I don't trust it.

reply to post by jetxnet


That e-mail about Obama's tax plans is false. I should know. I am a retired CPA. What is wrong with you people that you will believe any false piece of info as long as it fits your pre-determined views? Amazing? Or just silly?

Retired CPA

Subject: RE: Does Wachovia endorse this fraudulent tax information?


Thank you for contacting Wachovia regarding a recent email regarding "proposed changes in taxes after the 2008 General election." Please know that Wachovia does not endorse any political party, candidate, or initiative, and that our Firm did not endorse or approve the email as it is contrary to our Code of Conduct and Corporate Values.

Members of executive and departmental leadership in Wachovia Corporation and Wachovia Securities have been made aware of the email, and Robert Jenkins has been dealt with appropriately and directly. Every effort has been made to ensure that no additional emails or communications of this nature will be issued by any member of our Firm.

We sincerely apologize for this unfortunate incident.

I agree with other posters. Since this e-mail is false, it should be marked as such. ATS is losing its credibility by posting obviously false information.

For the person who says they don't believe Snopes, there are many sources which disputes this e-mail... If you decide to ignore all these other sources, we cannot help you. You can choose to be ignorant. We have no control over that.

Here is the truth

taxpolicycenter.org...

reply to post by azodrac


www.factcheck.org...

Q: Would Obama tax my profits if I sell my home? Would he tax my IRA? Would he tax my water?

A: No. A new e-mail being circulated about Obama's tax proposals is almost entirely false.

Alert readers may already have noted that this chain e-mail does not provide links to any of Obama's actual proposals or cite any sources for the claims it makes. That is because they are made up.This widely distributed message is so full of misinformation that we find it impossible to believe that it is the result of simple ignorance or carelessness on the part of the writer. Almost nothing it says about Obama's tax proposals is true. We conclude that this deception is deliberate.

Our own sources for the following are Obama's own Web site and other statements, interviews with Obama's policy advisers, and a comprehensive analysis of both the McCain and Obama tax plans produced by the Urban-Brookings Tax Policy Center, plus additional sources to which we have provided links.Home Sales: The claim that Obama would impose a 28 percent tax on the profit from "all home sales" is false. Both Obama and McCain would continue to exempt the first $250,000 of gain from the sale of a primary residence ($500,000 for a married couple filing jointly) which results in zero tax on all but a very few home sales.

* Capital Gains Rate: It's untrue that Obama is proposing a 28 percent capital gains tax rate. He said in an interview on CNBC that he favors raising the top rate on capital gains from its present 15 percent to 20 percent or more, but no higher than 28 percent. And as for a 28 percent rate, he added, "my guess would be it would be significantly lower than that." Furthermore, he has said only couples making $250,000 or more (or, his policy advisers tell us, singles making more than $200,000) would pay the higher capital gains rate. That means the large majority of persons who pay capital gains taxes would see no increase at all.

* Tax on Dividends: Another false claim is that Obama proposes to raise the tax rate on dividends to 39.6 percent. Dividends currently are taxed at a top rate of 15 percent, and Obama would raise that to the same rate as he would tax capital gains, somewhere between 20 percent and 28 percent but likely "significantly" lower than 28 percent. This higher tax also would fall only on couples making $250,000 or more or singles making more than $200,000.

* Taxing IRAs and 529s: Contrary to the claim in this e-mail, raising tax rates on capital gains or dividends would not result in higher taxes on any investments held in Individual Retirement Accounts or in popular, tax-deferred "college funds" under section 529 of the Internal Revenue Code. The whole point of such tax-deferred plans is that dividends and capital gains are allowed to accumulate and compound tax-free, and neither Obama nor McCain proposes to change that. And as previously mentioned, any capital gains or dividend income from stocks, bonds or mutual funds owned outside of tax-deferred accounts would continue to be taxed at current rates except for couples making over $250,000, or singles making more than $200,000.

* Doubled Taxes? The claim that "Under Obama your taxes will more than double!" is also false. The comparative rate tables this e-mail provides for McCain and Obama are entirely wrong, as we explained in an earlier article March 13 about another false e-mail from which these tables are copied. It is supposedly a comparison of tax rates before and after the Bush tax cuts, but it grossly overstates the effect of the Bush cuts. Furthermore, Obama proposes to retain the Bush cuts for every single income level shown in this bogus table.

* Estate Tax. The claim that Obama proposes to "restore the inheritance tax" is also false, as are the claims that McCai

do the research for YOURSELF....most of this is BS....just straight forward LIES! if you receive THIS email, just delete it!