Submitted by: Las Vegas Resident
DO YOU KNOW WHAT HAPPENED TO YOU 7-1-14. And we thought it was just to provide healthcare. Here is what happened on July 1st 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%
Dividend Tax went from 15% to 39.6%
These taxes were all passed under the Affordable Care Act, otherwise known as Obama Care .
All these taxes were passed with only Democrat votes.
Not one Republican voted to do these taxes.
Remember this in the coming election.
And, don't forget the Net Investment Income Tax also imposed around this time - 3.8% on unearned income over a specified amount..........eg. the Capital Gain you realize when you sell your home, or the income from your 401k.......
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