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Do You Know What Happened To You on 7-1-14??

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Avatar Of Island Bucs
Posts: 589
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(@island-bucs)
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Joined: 55 years ago

Here is what happened on July 1st 2014:

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%

These taxes were all passed under the Affordable Care Act,

otherwise known as Obama Care .

All these taxes were passed with only Democrat votes.

Not one Republican voted to do these taxes.

Remember this in the coming election.

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