Taxes & Whom is the Blame???
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%
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%
A 3.5% Real Estate transaction tax was added.
Remember these facts: These taxes were all passed solely with Democrat votes. Not a single Republican voted for these new taxes. These taxes were all passed in the Affordable Care Act, aka Obamacare.
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