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Before we get all cozy with Obozocare...
cbxjeff
Member Posts: 17,633 ✭✭✭✭
I received this from a pal this morning. I hope these numbers aren't correct.
"Hello 2015.ROBIN HOOD IS BACK.
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%
PUNISH THE WORKERS....TO REWARD THE NON WORKERS
Top Income payroll tax went from 37.4% to 52.2%
MORE PUNISHMENT FOR WORKING HARD!
Capital Gains tax went from 15% to 28%
MORE TAX UPON INCOME THAT HAD ALREADY BEEN TAXED!
Dividend tax went from 15% to 39.6%
MORE PUNISHMENT FOR INVESTING WISELY AND MAKING GOOD DECISIONS!
Estate tax went from 0% to 55% PUNISHMENT FOR SAVING FOR THE NEXT GENERATION! ONLY TO HAVE IT GO TO THE GOVERNMENT!
A 3.5% Real Estate transaction tax was added. MORE PUNISHMENT FOR INVESTING IN A HOME OR RENTAL PROPERTY!
Remember this fact:
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, the many millions who don't yet, then pass it on."
"Hello 2015.ROBIN HOOD IS BACK.
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%
PUNISH THE WORKERS....TO REWARD THE NON WORKERS
Top Income payroll tax went from 37.4% to 52.2%
MORE PUNISHMENT FOR WORKING HARD!
Capital Gains tax went from 15% to 28%
MORE TAX UPON INCOME THAT HAD ALREADY BEEN TAXED!
Dividend tax went from 15% to 39.6%
MORE PUNISHMENT FOR INVESTING WISELY AND MAKING GOOD DECISIONS!
Estate tax went from 0% to 55% PUNISHMENT FOR SAVING FOR THE NEXT GENERATION! ONLY TO HAVE IT GO TO THE GOVERNMENT!
A 3.5% Real Estate transaction tax was added. MORE PUNISHMENT FOR INVESTING IN A HOME OR RENTAL PROPERTY!
Remember this fact:
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, the many millions who don't yet, then pass it on."
It's too late for me, save yourself.
Comments
Don't know about the rest, but as a real estate broker I'm not aware of a 3.5% real estate transaction tax
The real estate tax is for real. It is 2.5%
This is another democrat "Feel Good, screw the rich" Tax
What the democrats don't tell you is the so called wealthy will pass this tax to the buyers.
The tax is landmark because it is the first time the Federal Government has levied a sales tax on real estate. Reminds me of the 16th amendment which was miniscule at first.
It's all about getting someone to think "they" are special and the government is taking something from someone that is "privileged" and giving it to the "special" person- then the specials will vote the government in that promises to keep them special.
Don't know about the rest, but as a real estate broker I'm not aware of a 3.5% real estate transaction tax
It is a capital gains tax, and only applies above a certain threshold income level.
IIRC, a couple can profit up to $ 500,000.00 on the sale of primary residences over their lifetimes. If they sell a home and profit $ 600,000 (bought for $200,000, sell for $800,000) they will pay an additional 3.8% (over and above capital gains) on that $ 100,000 that is in excess of the $ 500,000.
It is a new tax, but it is not a sales tax. It is more properly labeled an 'excess capital gains' tax.
Brad Steele
http://www.politifact.com/truth-o-meter/statements/2015/jan/05/chain-email/what-will-happen-taxes-january-2015-chain-email-wr/
And the top tier tax rates are actually lower then anytime pre 1982. Most higher "earners" don't pay anything near the tax rates posted either. I'm not crying a river for the ultra wealthy the upper middle class gets the rawest tax deal in my opinion not Richy Rich