Posted by
Sucker Born Every Minute on Thursday, October 23, 2008 12:00:00 AM
Does being a Liberal mean that you never have to tell the
truth?
Obama and the Democrats are running ads that are outright
lies about how John McCain will cut Social Security benefits. ( http://www.factcheck.org/elections-2008/obamas_false_medicare_claim.html
)
The truth is that Obama’s ad stating that McCain is going to
reduce Social Security is an outright lie; it’s dishonest, admittedly so by
liberal commentators, and further confirms the fact that Obama is untruthful
and outright deceitful. What is he
thinking? When he sneaks into the closet
to smoke his cigarettes what effect does the lack of oxygen have on his brain
and mental acuity? Does he think that
all of the American People are stupid? Obama’s favorite PT Barnum quote appears to be: “There's a sucker born
every minute”?
What Obama fails to realize when he is in the closet with a
cigarette, is that the cigarette is doing the smoking, he is doing the sucking
and is the sucker?
What we will find out on November 4th is how many suckers
are also voters and if there is enough of them to elect Obama president.
I would like to suggest to everyone that reads this, that
you counteract all these false ads by educating yourself and others by
utilizing information from http://www.atr.org.
And see how many “Suckers” you can turn
into “Thinkers”.
The truth is that McCain is not going to do anything to
decrease Social Security benefits.
But Obama is going to steal from your 401(k) and retirement
plans and significantly reduce the value of your retirement nest egg.
Examine the following and decide for yourself:
If you have a 401(k) plan with a current value of $250,000,
under Obama's tax plan the value of your 401(k) will decline 7.5% to $235,750,
but in reality, Obama's Tax Plan will not be the one implemented, The Tax Plan
of the Congressional Democrats will be implemented and the value of your 401(k)
will decline 18.7% to $203,250.
Under the McCain Tax Plan the value of your 401(k) will
increase 46% to $365,250.
McCain is not cutting Social Security and Obama's Tax Plan
indirectly taxes all of the 401(k) and retirement plans.
Over 35% of Americans have 401(k) and retirement plans and
there will be at least a 54% differential in the value of your plan when
compared with McCain's Tax Plan and Obama’s Tax Plan..
But you can console your self in that neither McCain's nor
Obama's plan will be implemented. The
plan of the Congressional Democrats that will be implemented and your
retirement plan will be worth 65% less than it would be under McCain's Tax
Plan.
Check out the facts for your self by going to "The
401(k) Calculator" at http://www.atr.org
For your information and in the interest of full and honest
disclosure, something that is completely lacking in anything conveyed by the
mainstream, liberal media and the Democrats, you are encouraged to read the
following and utilize your own intelligence and judgment, knowing that you do
not need anyone to think for you:
How This Calculator Works http://www.atr.org
The ATR 2008 401(k) Calculator attempts to show how various
changes to the tax structure will affect the underlying value of your
401(k). Since taxes are a cost drag on
investments, raising or lowering key tax rates has the effect of raising or
lowering the value of your nest egg—regardless of whether that nest egg is in a
tax-deferred account or not. When the
stock market goes up and down, so does your 401(k).
Below are the inputs for each of the scenarios. The calculation’s estimates were prepared by
Rutledge Capital.
Current Law: When you input the value of your 401(k) today,
implicit in that value are the effects of current tax law. These include a 15% capital gains rate, a 15%
dividends rate, a 35% corporate income tax rate, and depreciation of capital
equipment
Obama: The Obama tax plan assumes a 20% capital gains rate,
a 20% dividends rate, a 35% corporate income tax rate, and depreciation of
capital equipment
McCain: The McCain tax plan assumes a 7.5% capital gains
rate, a 7.5% dividends rate, a 25% corporate income tax rate, and expensing of
capital equipment
Hill Dems: The Hill Democrat tax plan assumes a 28% capital
gains rate, a 39.6% dividends rate, a 35% corporate income tax rate, and
depreciation of capital equipment
ATR: The ATR tax plan assumes a 0% capital gains rate, a 0%
dividends rate, a 25% corporate income tax rate, and expensing of capital
equipment