What Happened on January 1, 2016

[johnpico]

For those who didn't know, or don’t remember.
Here is what happened, quietly, on January 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 to real property sales.

These taxes were all passed in the Affordable Care Act.

[steve_biegler]

Originally Posted by johnpico

For those who didn't know, or don’t remember.
Here is what happened, quietly, on January 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 to real property sales.

These taxes were all passed in the Affordable Care Act.

I'm also worried what is going to happen on Nov. 8th.

[Txflyer]

Originally Posted by steve_biegler

I'm also worried what is going to happen on Nov. 8th.

Yeah, I think the crazy times are just beginning.

[steve_biegler]

Originally Posted by Txflyer

Yeah, I think the crazy times are just beginning.

Yep, I'm more concerned for my grandson. Where have the true leaders gone?