Thursday, June 5, 2008

How the Next President Could Effect Your Taxes

One of my financial advisors from Merrill Lynch sent this interesting article on how the two presidential candidates might effect your future pocketbook.

Two Candidates, Two Different Tax Plans

The next president will have much to say about taxes and investments. From the capital gains rate to the corporate tax rate, here’s what to expect after the election.

With the economy ranking No. 1 on voters’ list of concerns, the topic of taxes is coming up with increasing regularity in debates and on the campaign trail. It’s clear that the 44th president will greatly affect future tax policy and, by extension, your pocketbook and investment portfolio.

The parties have very different approaches, as evidenced by their candidates’ positions. Republican presidential candidate John McCain, for instance, proposes making President George W. Bush’s tax cuts permanent. He also wants to make it harder to raise taxes. His Democratic challenger, Barack Obama, is equally vocal about repealing those tax cuts for households earning more than $250,000.

Here’s where the candidates stand on these issues and how their proposed changes might affect you:

3 comments:

Diane said...

The Read More link is bad. Could you please fix?

Jennifer Kirby said...

Diane - I just checked it out and it is working, but in case you are still having trouble, follow this link or paste it into your web browser:

http://mlperspectives.com/c.do?&cid=574102&oid=594517&xsl=34/newsletter.xsl

Eric-New Orleans Condos and Lofts said...

Do not believe what either says. Look at what they have done and you know what they will do in the future. There are not enough 250k incomes to supply the money needed to run the runnaway spending.

Common sense says taxes come in all forms and they drive jobs away and under ground to avoid the taxes.

Inflation is gogint o be the killer of jobs and peoples retirements. At least the banks will be saved. odd how most of the banks in trouble are in New York.