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oldcoot
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A Gentle Reminder--
06/18/17 at 12:51:01
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--OK, mebbe not!

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 ??%
Capital Gains tax went from 15% to 28%
Dividend tax went from 15% to 39.6%
Estate tax went from 0% to 55%
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.
  

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery."Winston Churchill
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Wayne
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Re: A Gentle Reminder--
Reply #1 - 06/19/17 at 07:06:57
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bump
  

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MayFlower
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Re: A Gentle Reminder--
Reply #2 - 06/19/17 at 07:26:45
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Just a FEW of the parting gifts left by the usurper.
Oh how I hate than man.
  

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Gabriele
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Re: A Gentle Reminder--
Reply #3 - 06/19/17 at 07:53:17
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The bigger questions is will those taxes go back down and/or go away with the new "healthcare" bill the republicans are pushing? I have my doubts.
  
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Re: A Gentle Reminder--
Reply #4 - 06/19/17 at 08:24:43
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oldcoot wrote on 06/18/17 at 12:51:01:
--OK, mebbe not!

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 ??%
Capital Gains tax went from 15% to 28%
Dividend tax went from 15% to 39.6%
Estate tax went from 0% to 55%
A 3.5% Real Estate transaction tax was added.



Not all of that is accurate.  The Medicare Tax has not changed.  It is still 1.45%, check your Pay Stub. = The next four items only affect those in the top brackets.  =  The Estate Tax has an Exemption of $5.4 Million. No tax is paid until that figure is reached.  I doubt if that applies to any of us.  == The Real Estate Transaction Tax is a tax on those who get their income from selling real estate. == Again, this affects a very small percentage of us.
  
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