Tax proposals
If you know anyone who tends to get their news via email forward, Snopes (yes, Snopes) has an analysis of a message full of MUS (made up shit) going around claiming Obama will raise everyone’s taxes by enormous amounts:
The statement that Senator Obama proposes instituting a 28% tax “on profit from ALL home sales” is false. Both candidates’ proposals would leave intact an existing capital gains exemption for the first $500,000 per housedhold of profit from the sale of a primary residence. Homeowners who realize a profit higher than the current exemption amount from the sale of their primary residences might pay more capital gains tax under an Obama presidency than they would now, but those instances currently constitute a very small minority of all home sales. [ Proposed Tax Changes ]
Email forwards continue to be an excellent means to send panicky messages full of crappy pseudofacts that manipulate low-information readers. Just like Fox News.
