Page 1 of 1

This is what happened quietly on January 1, 2016.

Posted: Thu, 04 Feb 2016 15:42:59
by Greybeard
Remember this in November 2016.

As a brief reminder for those who forgot or for many that didn't know.


Here is what happened quietly on January 1, 2016:

· Medicare tax went from 1.45% to 2.35%

· Top Income tax bracket went from 35% to 39.6%

· Top Income payroll tax went from 37.4% to 52.2%

· Capital Gains tax went from 15% to 28%

· Dividend tax went from 15% to 39.6%

· A 3.5% Real Estate transaction tax was added.

Remember these facts:

· These taxes were all passed solely with Democrat votes

· Not a single Republican voted for these new taxes

· These taxes were all passed in the Affordable Care Act, aka Obamacare

If you think that it is important, let everyone in the U.S know. There are millions who don't. Pass it on. If not you, then who will? If not now, then when?

Only you can make a difference. Vote your values!

Re: This is what happened quietly on January 1, 2016.

Posted: Thu, 04 Feb 2016 15:49:57
by ShotgunBlast
Not exactly.

http://www.snopes.com/politics/taxes/whathappened.asp

In general I oppose giving the government a larger percentage of my miney than most people give to their church.

[ Post made via Mobile Device ] Image

Re: This is what happened quietly on January 1, 2016.

Posted: Thu, 04 Feb 2016 18:51:52
by MarcSpaz
Greybeard wrote: · A 3.5% Real Estate transaction tax was added.

This is actually wrong. Its 3.8% and that is on top of the Capital Gains tax of 28%.

Re: This is what happened quietly on January 1, 2016.

Posted: Thu, 04 Feb 2016 20:39:00
by SHMIV
Any tax that gets into double digit percentages is grotesquely obscene.

[ Post made via Mobile Device ] Image