About Me

Name: Sucker Born Every...
Biography
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Blog Roll

 

Does being a Liberal mean that you never have to tell the truth?

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

Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive
« Previous1Next »