I would like to know if these are true or not, please help me!!?

Question

Obama's proposed policy to raise taxes on capital gains from 15% to 28% on all retirement 401k, IRA, pension funds and home appreciation and to also increase our family's income taxes to near 40% to pay for social services including food stamps medicare and prop up bankrupt social security. And how much of that US tax payer money will be used to pay for the 12 million illegal aliens and immigrants that have no money to support themselves. We talked about why the mexican border has to be secured. We talked about work visas for illegals and then they go home as a solution.

Answer 1

not true...if you'd stop to think for a second you'd see how silly those statements are.  And if one is completely ludicrous then likely all are.  401k's, IRA's, and Pensions are not subject to capital gains at all.  They are taxed at ordinary rates; which for most people are already HIGHER than current capital gains rates...so if he raises capital gains rates to 30% then the distributions will be taxed at a LOWER rate which benefits investment in those vehicles!  IRA's and 401k's will then be the place to invest your money in...What will then happen is business owners will start matching 401k's at higher rates or offering up safe harbor plans so they can invest at better tax rates.  Thus the common man benefits.

His proposal for higher tax rates will only apply to those making more than 250k a year.  AND it's only the highest tax bracket...not like every $$ is taxed at that rate so even the 250k wage earners are marginally effected.  It's the ultra high wage earners that are whining and putting out falsehoods that are then propogated on the web.

Social security is not bankrupt nor near bankrupt but it can be fixed...through either increasing revenue in or decreasing benefits.  Rather than raise everyone's rates he proposed increasing the limit to 120k from 100k;  Capturing an extra $1500 a year for that group.  No they don't get an increased benefit but it's a tax not an entitlement.  No different than ANY OTHER TAX INCREASE!!!  Is it a good thing for the individual?  No, but it's good for society and society is more imp than the individual.  

Learn more!  You'll appreciate it later.

And by the way...I'm likely voting for McCain so don't think I'm biased towards Obama.  Just hate stupidity flowing around like this.  My personal opinion is that Obama has better economic policies and McCain has better foreign policies which are a little more important right now.

Answer 2

Not only Obama -- Nancy Pelosi also insists we should increase tax rates to provide the American Dream to 20 million illegal aliens.  

Actually, economists who have started running some numbers find that to finance Obama's aid to illegal aliens and other income transfer programs, federal income taxes will have to exceed 50% of income for every household with an income of $30,000 or more.  That's in addition to taxing retirement savings (IRAs, 401k's, pensions, etc), "windfall" profits tax on sale of house & other assets(even if you lose money on the deal), taxes on even odd-bits sales on eBay.

There is already a new "exit tax" on any American or any long-term US resident, so you cannot leave the country without the govt hacking away their pound of flesh.  Obama is an absolute economic disaster -- so's Nancy Pelosi and a substantial bunch of Senators and Reps.

Answer 3

It's a known fact that the Democrats, if elected, will raise these and other taxes as well as increase social services to illegal immigrants and others.

Answer 4

Yep, you are correct in all you say.  Obama wants to put the illegals on a pedestal above the legal citizens of this country.

He is not a good candidate for our leader as he does not represent ALL citizens.

Answer 5

I'm not voting for Obama

Answer 6

NO, stop the propaganda we're not stupid.

Answer 7

I don't think your statistics are right.