Good Morning Folks , Remember this WHEN YOU DO YOUR TAXES IN APRIL! In case you didnt notice, here is what happened on January 1, 2014 : Top Medicare tax went from 1.45% to 2.35%, an increase of 62%. Top Income tax bracket went from 35% to 39.6%, an increase of 13%. Top Income payroll tax went from 37.4% to 52.2%, an increase of 52%. Capital Gains tax went from 15% to 28% an increase of 87%. Dividends tax went from 15% to 39.6%, an increase of 164%. Estate tax went from 0% to 55%, an increase of infinity . . . Remember this fact: These taxes were all passed with only democrat votes. No republicans voted for these taxes. These taxes were all passed under the Affordable Care Act, aka OBAMACARE
Posted on: Thu, 08 Jan 2015 19:03:22 +0000
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