cold iron Loc: White House

Just in case you didn't notice

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 10% to 55%


Remember: if you have money, the Democrats want it.

These taxes were all passed under the Affordable Care Act (aka Obamacare) only with Democrat votes; no Republicans voted for these taxes.

PeterS

The top income tax rate went back up to 39.6 percent over a year ago — for singles making more than $400,000 a year or couples making more than $450,000. The increase was part of the “fiscal cliff” package that Congress passed on New Year’s Day of 2013.

Capital gains rates also increased in 2013 under the same “fiscal cliff” deal — but not nearly as much as this email claims. For long-term gains (on assets held more than one year) the top rate went from 15 percent to 20 percent (not 28 percent), and also applied to individuals making more than $400,000 and couples earning more than $450,000.

The top rate for dividends also went up to 20 percent (not 39.6 percent) in 2013 as part of the same fiscal cliff package, and also only for those with more than $400,000 individual or $450,000 joint taxable income.

It’s true that the estate tax was once effectively zero percent — but only for people who died in 2010, not last year. The top rate went back up to 35 percent for those who died the following year, and (under the fiscal cliff deal) to 40 percent for those who died in 2012 and thereafter. Furthermore, the rate is still zero percent for any individual who dies this year and whose estate is valued at less than $5,340,000. The threshold for filing an estate-tax return was set at $5 million in 2011, and is indexed for inflation each year.

The claim that the fiscal-cliff tax increases were “passed with only Democratic votes” is false. The deal passed by a vote of 89-8 in the Senate (including 40 Republican votes in favor) and by a vote of 257-167 in the House (with 85 Republican votes in favor). The package made permanent the 2001 Bush tax cuts for all but very high-income earners, avoiding tax increases that otherwise would have taken effect Jan. 1, 2013, when the “temporary” Bush tax cuts were scheduled to expire.

And "Income Payroll Tax" is a head scratcher that only lunatics seem to know what it means...

karpenter Loc: Headin' Fer Da Hills !!

And They Want Your Soda Pop Too
http://cnsnews.com/news/article/eric-scheiner/rep-delauro-tax-every-teaspoon-sugar

The Bill, If You're So Inclined:
http://www.foodpolitics.com/wp-content/uploads/DELAUR_199_xml-072914-FINAL.pdf

http://cnsnews.com/sites/default/files/imagecache/medium/images/ROSA%20DELAURO-AP%20PHOTO-cropped.jpg
TaxTaxTax !!

lpnmajor Loc: Arkansas

So, time will tell if the republicans repudiate this money, if and when they take control. My guess is, they'll keep the money, just redirect it.

weneedrubio

The fiscal cliff stupidity was not done in a vacuum though, the Repubs were forced to vote for the lessor of two evils so get your facts straight.

PeterS

The facts are straight--none of this was because of the ACA.

PeterS

No keep your sugar--let diabetes kill you...

skott Loc: Bama

Been debunked as the lie it is many times on OPP. Why re post it?

GERARD A. SANCHEZ Loc: Las Vegas, Nv. 89123

The Republican lowered the I.R.S. taxes and reformed the I.R.S. tax codes under President Ronald Reagan trickle-down economic and ruined the U.S. Government, increased the Federal deficit every year since 1981, and the inflation we have now. In 2001, President George W. Bush lowered the I.R.S. taxes even more and was responsible for the economic catastrophe we had since 2006, the largest Federal deficit in the U.S. history, and the devaluation of the U.S. dollar. Lowering I.R.S. taxes isn't the solution it's the problem we have now because the fake U.S. dollar printed daily to paid the Federal debts doesn't have a buying power.

skott Loc: Bama

Reagan raised taxes 8 times on the middle class, after lowering taxes on the top income brackets. And George Bush, "read my lips..."

GERARD A. SANCHEZ Loc: Las Vegas, Nv. 89123

The Republican right-wing nuts scare the ignorant americans with the I.R.S. tax increases, and our U.S. Government is bankrupt, inflation is high, and the U.S. dollar hasn't buying power.

Super Dave Loc: Realville, USA

Yes, both made a 'bipartisan' deal with Democrats that held the budget reforms hostage for tax increases.

Both were bad deals, because, as most would expect, the Democrats reneged on their part of the deal in the following years.

But you're right - Both Presidents signed Democrat Tax increases, to their shame.

karpenter Loc: Headin' Fer Da Hills !!

Well, You ALMOST Got It Right
Flushing Money By The Trillion With No Result
And Treasury Presses Running Full Tilt IS The Problem.
Raising Taxes Is Now The Lib's Proverbial
'Drop In The Bucket'
So Quit Raising My Taxes
And George Raised The Percentage Of Those That Aren't Liable To Federal At All
To Over 40%

the waker Loc: 11th freest nation

I keep forgetting progressives have no self control, your not going to get diabetes any quicker if you drink 1ea 24oz beverage, vs 2ea 12oz beverage, must be common core math messing you up, damn friendly numbers ;)

skott Loc: Bama

Is there any chance that in the future you finally learn that tax increases or tax decreases do not solve any problems.
W. lowered taxes and had a horrible economy. JFK lowered taxes and had a great economy. Reagan's great economy came more from controlling interest rates than from lowered taxes. Clinton's super economy had a tax raise, and a market boom, and a balanced budget.