Guest: Kevin Changes that occurred on Jan 1st.

As a brief reminder for those who forgot or that didn’t know.

Here is what happened, quietly, on Jan.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) – by line items.   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.

John: And the GOP was given back control of Congress over a year ago specifically to amend or stop Obama-care and has done nothing.
Trump very well may not be what people think he is and (if elected) may not do what some people hope he well.   But…
His insane level of popular support should damn well send a message to both the Dems and the GOP that we the people are fed up and ready for change.
Our idea of change. Not Kenya/Indonesia/Chicago boy’s idea of ‘change’.

Remember, Obie wants to see Hillary elected to ‘Preserve his Legacy’.   What if his legacy is Donald Trump?

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About On the North River

Forty years toiled in the Tel-com industry, married for 36 years widowed at sixty-one. Tea Party supporter. Do like to kayak, cook, take photos, bike, watch old movies and read. 66 years old and have a new girlfriend!
This entry was posted in All the News not fit to print., Guest, The Regime, When Progressives Attack. Bookmark the permalink.

2 Responses to Guest: Kevin Changes that occurred on Jan 1st.

  1. Hawk1776 says:

    Most of these tax increases only apply to high earners i.e., singles making over $413K or joint filers making over $466K. For Medicare the numbers are $200K/$250. The taxes are onerous but won’t affect most people.

    • Yeah, that’s what TOP means. Unfortunately it’s historically the top rates that have the worse effect on economic growth.
      Any additional money that ends up in the hands of the government is a bad thing; ill-spent, wasted and high estate taxes mean the death of family businesses.

      Giving money and power to government is like giving whiskey and car keys to teenage boys.

      P. J. O’Rourke

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