Author Topic: Here is what happened, quietly, on January 1, 2016:  (Read 1490 times)

Offline infinitum

  • Hero Member
  • *****
  • Join Date: May 2013
  • Posts: 975
  • Country: mx
  • Karma: +51/-18
  • R.I.P. Infinitum didn't know the cat was armed.
    • View Profile
Here is what happened, quietly, on January 1, 2016:
« on: February 04, 2016, 12:19:43 PM »
Note: None of this applies if you live in Mexico and don't file Income Tax.


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.



From Lindsay Williams: http://www.lindseywilliams.net/



Offline Ellipses

  • Hero Member
  • *****
  • Join Date: Mar 2013
  • Posts: 706
  • Country: gb
  • Karma: +54/-0
  • 'Layman' economist
    • View Profile
Re: Here is what happened, quietly, on January 1, 2016:
« Reply #1 on: February 04, 2016, 04:50:39 PM »
'Only the little people pay taxes'...... Leona Helmsley, US Hotelier

The sign of things to come.