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January 1st
 

As a brief reminder for those who forgot, or for many that didn't know...

Here is what happened, quietly, on January 1, 2016:

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.
If you think that it is important that everyone in the U.S. should know this, as there are many
millions who don't, then pass it on.

By bubby

© 2016 bubby (All rights reserved)

 

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