All the change you were promised, now that the 2012 election is over, will as implemented by the progressive socialists now come to fruition. You heard: Obama promised and here is the change! On Jan. 1, 2014 the following changes were implemented in the tax code:
Medicare tax went from 1.45 percent to 2.35 percent, up 62 percent.
Top income tax bracket went from 35 percent to 39.6 percent, up 13 percent
Capital gains tax went from 15 percent to 28 percent, up 87 percent.
Dividend tax (on retired) went from 15 percent to 39.6 percent, up 164 percent.
Estate tax went from 0 percent to 55 percent up and infinity.
In the middle of a depression and massive lost American manufacturing capacity, the progressives latest budget calls for a total of $1.2 trillion increase in taxes. Seven states that do not have a state income tax will see their residents hit by a whopping $3,000-plus tax increase as state-paid sales taxes will no longer be deductible from federal income taxes (Florida).
In an effort to totally destroy family business and family farms (hated by socialists) they have instituted a 55 percent death tax that will require such businesses to liquidate in order to pay taxes.
Overall tax increases under Obama to date: $3 trillion. Obamacare is packed with new taxes, totalling $1 trillion over the coming decade. Energy taxes due to Obama's war on coal will increase the average home energy bill by $1,000 by the end of 2015.
Overall the present progressive administration has instituted over 350 new taxes. Now you know what "change" is all about; making America socialist. Thanks, Republocrats!
Dr. A.H. Krieg