OBAMACARE TAX INCREASES
William C. Heath , CFP(r)
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.
If you think it is important that everyone in the U. S. should know this, pass it on. If not, then delete it.
Respectfully,
William C. Heath, CFP(r)
Chairman & CEO
BARRINGTON FINANCIAL ADVISORS, INC.
a Registered Investment Advisor
Comment:
There is no tax the American People will not bare, and embrace willingly. They, One and All, have only one requirement about taxes; and that is, that everyone pay Their fair share, no matter how much, or how often. The American people are the laughing stock of the galaxy, finding no peer or parallel since the dawn of creation itself, will you ever see the level of acquiescence and ignorance demonstrated by so many.---RR