advertisement

Be prepared for tax increases

2015 is the year of the tax.

As of Jan. 1, thanks to Democrats and our fearless leader we get the following:

Top Medicare tax went from 1.45 percent to 2.35 percent; Top Income tax bracket went from 35 percent to 39.6 percent;

Top income payroll tax went from 37.4 percent to 39.6 percent;

Capital Gains tax went from 15 percent to 28 percent;

Dividends tax went from 15 percent to 39.6 percent;

Estate tax went from 0 percent to 55 percent.

In case you forgot, these all passed under the Un-Affordable Care Act, which had zero Republican votes.

Still like our leader and his crew?

James A. Wagner

Barrington

Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.