Obama says he wants to tax retirement savings, not interest, savings...plus a national real estate tax and 40%

dividend tax I live off dividends as my income, if he taxes that high I won't be able to afford to live like I do now. If he increases real estate taxes, I can barely afford what I pay now. If he taxes my retirement savings per se, it will reduce them and I won't be able to make it through retirement. Why is Obama such a monster? He's twisting the truth when he says he'll only tax the rich, I'm not rich, but his taxes will destroy my finances. Didn't Wright/Pflegler say that whites should give up their 401Ks for reparations, is that what this retirement account taxation really is, just the start of that? http://www.blogatroid.com/taxes2008.htm http://209.85.141.104/search?q=cache:U3x7i7oHBBMJ:209.157.64.200/focus/f-news/2023327/posts+pfleger+tax+white%27s+401K+for+reparations&hl=en&ct=clnk&cd=2&gl=us http://www.freerepublic.com/focus/f-news/2023239/posts

Public Comments

1. Where did you ever hear THAT?? Mr Obama (nor any of the other major candidates) has made ANY such proposal. BTW, real estate taxes are LOCAL taxes. The Federal government, and therefore the President, has NO control over them. You've been getting your information from a HIGHLY unreliable source. Please find a better source and dump this one! Edit: You've posted a link to a blog site. Blogs are a record of OPINION, not fact. This one is so full of inaccuracies that I won't even attempt to pull it all apart. (The additional ones are unashamedly right-wing neo-con hack sites. Their agenda should be obvious to anyone with a functioning brain.) The first glaring error is the claim that dividends are currently taxed at 15%. That is NOT correct. Ordinary dividends are taxed as ordinary income. Next major glaring error is the claim that IRAs are taxed as dividends. That's a half-truth as they are taxed as ordinary income as well. Only the wealthiest taxpayers pay anything anywhere close to the maximum tax rates on ordinary income. The levels of current "tax" are grossly inaccurate, as are the proposed taxes of all of the candidates. Next, it claims that Bush repealed the Inheritance Tax. That is patently FALSE. In fact, the Bush tax "cuts" provide for an AUTOMATIC return of the Inheritance Tax to the pre-2000 levels in effect when he took office! Again, find a better source. This one is obviously the output of a mind with an objective other than the truth.
2. Oh Boy, it's tinfoil hat time again!
3. Democrats never met a tax they didn't love.
4. The President cannot tax anything. Only Congress can impose federal taxes.
5. Nut job alert. You need to go to your shrink and ask him to either increase or decrease one of your meds. Something isn't quite right between your ears. Mr. Obama has proposed no such thing. Stop reading Right Wing propaganda websites.
6. Anybody can post anything on the Internet - that doesn't make it true. I wouldn't take the things you are reading too seriously. Listen to the candidates, or read their websites carefully - but if someone SAYS they said something, take it with a huge grain of salt.