Remember, if anyone tells you Obama will raise taxes on people making under $250,000 a year. they are:
A. Lying B. Misinformed
If the person telling you this is John McCain, he is:
A. Lying
2 comments:
Anonymous
said...
Great calculator. But, what about capital gains? What if I sell my house. He wants to raise the capital gains tax and eliminate the housing shelter of up to $500,000 profit on houses. Also if I have to sell my house for a loss I get taxed on the total sale. Why are these not added into the tax saving calculator?
NO. UNTRUE. FALSE. Only house profits ABOVE $500,000 for a married couple would be taxable. And capital gains taxes would NOT be greatly increased under Obama. These are Republican lies spreading around. See here:
2 comments:
Great calculator. But, what about capital gains? What if I sell my house. He wants to raise the capital gains tax and eliminate the housing shelter of up to $500,000 profit on houses. Also if I have to sell my house for a loss I get taxed on the total sale. Why are these not added into the tax saving calculator?
NO. UNTRUE. FALSE. Only house profits ABOVE $500,000 for a married couple would be taxable. And capital gains taxes would NOT be greatly increased under Obama. These are Republican lies spreading around. See here:
http://mediamatters.org/items/200806120006
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