Effective January 1, 2014:
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%
Dividends tax went from 15% to 39.6%
Estate tax went from 0% to 55%
Cutbacks include Military, Social Security and Medicare, but not one cent less for any welfare program.
These taxes were all passed only with democrat votes, no republicans voted to pass any of these taxes.
What
this means is that when you file your taxes in 2015, after the 2014
election, they will be much higher and that doesn’t include the cost of
Obamacare.
Remember all this when you vote in November and if you’re not planning to vote, you will have earned these tax increases.
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