Your 401k under John Mccain
Your 401k under John Mccain. What would John Mccain’s plan do for your 401k, a look at the facts, not the hype. According to ATR.org’s Tax calculator, try it for youself at that address; Mccain will grow your 401k a hefty $41,000. Mccain’s plan involves cutting the corporate rate to 25%, the capital gains and dividends rates to 7.5%, and replacing depreciation with capital equipment expensing. Again, Mccain will increase your 401k a nifty $41,000 in 4 years. Now Obama. Obama’s plan is short and to the point, Raise the capital gains and dividends rates to 20%, how will this affect your 401k? Result of the Obama Plan: 401(k) decrease = minus $5,700. Those are the facts. So what do you want? Your 401k to grow over $41,000 or to shrink by $5,700? It’s your choice come election day. Your 401K under John Mccain…Looking Good!