Submitted by: P McMillan
Refresh Your Memory.......
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For Tax Return 2015, Refresh Your Memory…
As a brief reminder for those who forgot or for many that didn't know, here is what happened, quietly, on January 1, 2015:
· Medicare tax went from 1.45% to 2.35% = a 62% increase
· Top Income tax bracket went from 35% to 39.6% = a 13% increase
· Top Income payroll tax went from 37.4% to 52.2% = a 39.6 % increase
· Capital Gains tax went from 15% to 28% = an 87% increase
· Dividend tax went from 15% to 39.6% = a 164% increase
· Estate tax went from 0% to 55% = a 100% increase
· A 3.5% Real Estate transaction tax was added = a 100% increase.
Or an overall average of 80.8% INCREASE in our taxes… in a healthcare law? Who said there was no inflation in America, and we haven't factored in skyrocketing healthcare costs! These taxes were all passed in the AFFORDABLE CARE ACT.
If you think it important that everyone in the U.S.should know this please forward. There are many millions who aren't yet aware, so pass it on.
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