I read al the information presented on the Obama website about fiscal policy and can find no information about his proposed tax policies. Tax policy needs to be one of the major voter considerations.   

Differences

Example # 1 Sale  of Personal Residence:

Homeowners who sell their homes can exclude the gain on the sale up to $250,000.00 for a single taxpayer and $500,000.00 if married filing jointly. This is a huge tax break that has a direct connection to the American dream rules about home ownership. 

McCain clearly states that there will be no change in this rule. Obama has suggested a 28% tax on all home sales. The trouble is you can not get Obama to answer this question straight out. Why not?

Example # 2 Dividends tax:

Dividends are now taxed at a lower capital gains rate (up to 15%). McCain says straight out that this would not change. Obama is harder to pin down. Clearly, by not continuing the "Bush cuts" the taxes on dividends would be taxed as ordinary income. This would affect every taxpayer above the 15% bracket. Dividends would be taxed at a rate up from 15% up to 39.6%. A married couple with taxable income over $65,000 would have a 10% increase in this tax. Does married with joint income at $65,000 sound wealthy to anyone? 

Example #3 Inheritance Tax:

Current plans have this tax being phased out. Obama suggests that the tax should be restored. The inheritance tax is a tax on a person's accumulated wealth. Always keep in mind that this wealth was accumulated after paying taxes one's entire life. 

Example #4 Income Taxes:

Just allowing the "Bush Cuts" to expire would raise the income tax on everyone, single and married alike, with taxable income between $30,000.00 and $125,000.00

This is just a start of the Obama tax increases. We can not afford an Obama administration. The increase in taxes across the board affects every American. While the tax increases may (that's a big may) pay for socialized medicine, the increases will not reduce the deficit. The increased capital gains tax alone would apply so much pressure the capital markets that some experts predict record drops in the Dow and all other major indexes. The shrinking economy caused by the higher taxes provides less revenue and forces further tax increases. 

Enrolled to practice the internal revenue service with 25 years tax experience.