A small reminder of what began on January 1, 2015:
Top Medicare tax goes from 1.45% to 2.35%
Top Income tax bracket goes from 35% to 39.6%
Top Income payroll tax goes from 37.4% to 52.2%...
Capital Gains tax goes from 15% to 28%
Dividends tax goes from 15% to 39.6%
Estate tax goes from 0% to 55%
Remember this fact:
These taxes were all passed only with Democrat votes, no Republicans voted for these taxes.
These taxes were all passed under the Affordable Care Act, aka Obamacare.
Passed around the internet. I checked this at Snopes which says it's untrue because some of it happened in 2013 and 2014, and most of it only happens to the rich, and that the vote part only refers to the ACA part. OK, I'll give them that; some are the result of the Bush tax cuts expiring. But the ACA has had some serious tax consequences.
Posts
1 comment:
This is a core finance I must say.. Author seems to be quite a finance person, thanks for sharing such productive information.
Post a Comment