HAPPY NEW YEAR!!!!
Unfortunately, tragic economic news happened last night when the New Year rang in:
A reminder for those who forgot or for many that didn't know, here is what took place January 1, 2015 at the midnight hour:
Top 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 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%
Now the extremely sad but true fact: These taxes were all passed only with
Democrat votes,
No Republicans voted for these taxes.
These taxes were all passed under the Affordable Care Act, aka Obamacare.
The Democratic party’s socialism, unlimited spending, and high taxes has been forced upon us!
If you think it is important that everyone in the U.S. should know, pass it on.
