by Joseph Beverly, Guest Contributor
This is what happened on January 1st 2014:
– Top Income tax bracket increased from 35% to 39.6%
– Top Income payroll tax went from 37.4% to 52.2%
– Capital Gains tax almost doubled from 15% to 28%
– Dividends tax more than doubled: 15% to 39.6%
– Estate tax soared from 0% to 55%
Remember this fact: if you have money, the Democrats want it.
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.
If you think that it is important that everyone in the U.S. should know about these exorbitant tax increases, please share, post, email and tweet it to your friends, family followers – anyone who might be interested and receptive to this important data.
Democrats simply don’t get it. It’s a simple equation: if government overtaxes workers, but increases monetary support to non-workers, it only serves to create more non-workers.
We now have 22 million unemployed and underemployed workers.
Government policy should make the poor, rich – not make the rich, poor!
The prosperity of any nation is the result of its collective productivity and its capital investment – less the cost of government and nonproductive entitlements – as measured in non-inflated (constant) dollars.
Obama, the Great Deceiver, promised not a dimes worth of new taxes for those earning $250,000 or less. He pledged to reduce government regulations (which curtail job-producing business investment). Instead regulations have skyrocketed as business investment moves abroad. See the attached chart which compares U.S. tax rates with other leading nations.