Are you ready to pay more taxes?
Here is the Obama Tax Plan (not to mention the Supreme Court’s disclosure of the Obamacare Tax Plan) announced 2 years ago:
- It plans to increase individual tax rates to a 39.6% plus 3.8% which equals 43.4% annual tax rate.
- Increase capital gains tax rates to 28% plus 3.8% = 31.8%
- Dividends will be taxed at 39.6% plus 3.8% = 43.4%
- Increase the amount of healthcare costs to individuals.
- Reduce itemized deductions by 30%.