Here is what happened on January 1st 2014:
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% Remember this fact: if you have money, the democrats want it. These taxes were all passed only with democrat votes, no republicans voted to do these taxes. These taxes were all passed under the Affordable Care Act (ACA), otherwise known as Obama care. |
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7 comments:
Wrong, as usual.
Most of these were the result of expiring tax cuts passed by REPUBLICANS under W. They didn't make their tax cuts permanent because if they did they would have had to find a way to pay for them in the budget. This way they got to blow up the national debt and then turn around and blame Democrats when their time bomb exploded.
Oh no! Not my capital gains, dividends and estate taxes! How will I ever afford my third house in Belize?
As a working American, none of these taxes affect me. They don't affect my boss. They don't affect my boss' boss.
They only affect people who think Americans should be working for 15 cents an hours because that's what they pay their employees in Indonesia.
They wrecked the economy, so they can pay for it.
I'll give the 1% some credit, they are masters at making their greed an issue for deluded 99%ers.
Where's Madonna as Evita Peron when we need her to stand on some mega-rich greed-headed 1%er's balcony crooning out to clearly delusional & utterly braindead via brainwashing 99s:
Please CRY for me, wingtardz, because now I *might* have to pay *some piddling amount* of taxes! (that is, if I don't manage to squirrel most of my filthy lucre in some off-shore account, whilst paying off my Accountant to fiddle with the tax code & find loopholes galore that I PAID OFF Congress to write just for me - and believe me, that happens).
Or, as Marlon Brando famously intoned:
The Horror! The Horror!
beyond the usual lie/spin here, I cannot resist asking a rhetorical Q:
What the H*** does this even mean?
These taxes were all passed under the Affordable Care Act (ACA), otherwise known as Obama care.
How are said taxes "passed" under ACA? A totally meaningless POS doggeral.
Lessee:
Bitching about taxes that won't even affect me/the rubes but whining anyway - check
Somehow glomming the raising of taxes onto Obama & Democrats only - check
Using the ancient canard that Democrats will "take" your money - check
Somehow managing to blame this on Obamacare because doing so reliably riles up the dumb Dittoheads - check
amirite?
Top Income tax bracket went from 35% to 39.6%
Quelle horreur!
By historical standards, 39.6% is dirt cheap. In the 1950s and 1960s, the top marginal tax rate was 91%.
Funny - we survived both Republican and Democratic administrations with those rates, and the economy did just fine.
The middle class even did pretty well. Go figure.
Thom Hartmann wrote a great essay yesterday on how a middle class is a relatively new paradigm, and that there needs to be a conscious decision by a society on whether having one is worth it.
And ever since FDR ushered in the US middle class, the uber-rich have been working patiently and systematically to rob it and ultimately strangle it to death.
http://www.alternet.org/thom-hartmann-how-america-killed-its-middle-class?paging=off¤t_page=1#bookmark
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