Wednesday, May 21, 2014
Are We Screwed, Yet?
Here is what happened on January 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%
Estate Tax went from 0% to 55%
These taxes were all passed under the Affordable Care Act, otherwise known as ObamaCare.
All these taxes were passed with only Democrat votes.
Not one Republican voted to do these taxes.
Feel screwed, yet?