Wednesday, December 17, 2014

Obamacare tax increases in 2014

In case you didn't 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.

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