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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Steve Dietrich who wrote (143702)10/28/2008 2:03:10 PM
From: Bill  Read Replies (1) of 173976
 
Of course your post is bogus, and dishonest.

It ignores the dividend tax.

MCCAIN 15% (no change)

OBAMA 39.6%

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 become president.

Higher tax rates on dividends and capital gains will crash the stock market further, yet do absolutely nothing to cut the deficit.
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