victor809 wrote:I never credited you for too much brilliance. But this is a cigar forum. The people here generally pay money for a bundle of leaves and then burn them. Not exactly a "sec 8 housing" type of habit.
Really? Then you can't read. Apparently we're going to have to go through this point by point.
as the link pointed out, the top tax bracket was 39.6% before, and is 39.6% after. Who qualifies for the top bracket has changed, but your statement never included that. If you can't get this, I'm not sure you're qualified to read any further.
This doesn't even exist. There is no "income payroll tax". The idea that you'd think my link, which doesn't list fantasy land taxes, would prove your point just shows you don't understand it.
My link states that it went to 20%. It's in a nice handy little chart. I don't see how you could possibly miss it. Unless, you were just going down to the highest number and not realizing that it didn't apply to general capital gains... could that be it? Could your reading comprehension be as bad as the person who threw your list together? Yeah....
This isn't even mentioned in my link. But since you asked:
http://online.wsj.com/news/articles/SB10001424127887323689604578219952168695148
If you are making less than 400k annually, your dividend taxes don't change. If you're making more than 400k, your dividends go up to 20%. The 39.6% is a completely false and made up number. You've been duped.
That's just false. Estate tax is 0% for any amount under 5.6MM... and the top tax rate does not reach 55%.
Your reading comprehension is so poor, I don't think you could identify a fact nor understand what a tax actually applies to.
Good Job, Grasshopper.
I'll concede a couple points up there until I can find supporting info elsewhere, however they are not all wrong, of that I'm sure. But it got you thinkin' didn't it, Vic? You seem to backpedal on the issue by stating you didn't agree with the AHA to some extent. So, even though a couple of the items above are arguing semantics, lets let those lie for now.
Lesson #2: Pick the following apart. The last item discusses the individual mandate. Compare & contrast the individual mandate with the employer mandate, and hypothesize the reasonable resulting consequences thereof. List possible results of over taxing the evil, hated, "rich", and estimate the number of additional employment opportunities lost when they decide enough is enough, close up shop and go sit on a beach.
Ready? Go.
• 2.3% Tax on Medical Device Manufacturers 2014
• 10% Tax on Indoor Tanning Services 2014
• Blue Cross/Blue Shield Tax Hike
• Excise Tax on Charitable Hospitals which fail to comply with the requirements of ObamaCare
• Tax on Brand Name Drugs
• Tax on Health Insurers
• $500,000 Annual Executive Compensation Limit for Health Insurance Executives
• Elimination of tax deduction for employer-provided retirement Rx drug coverage in coordination with Medicare Part D
• Employer Mandate on business with over 50 full-time equivalent employees to provide health insurance to full-time employees. $2000 per employee $3000 if employee uses tax credits to buy insurance on the exchange (marketplace). (pushed back to 2015)
• Medicare Tax on Investment Income 3.8% over $200k/$250k
• Medicare Part A Tax increase of .9% over $200k/$250k
• Employer Reporting of Insurance on W-2 (not a tax) But its considered income, therefore it affects the bottom line on a tax return.
• Corporate 1099-MISC Information Reporting (repealed)
• Codification of the "economic substance doctrine" (not a tax)
ObamaCare Taxes That (may) Directly Affect the Average American
• 40% Excise Tax "Cadillac" on high-end Premium Health Insurance Plans 2018
• An annual $63 fee levied by ObamaCare on all plans (decreased each year until 2017 when pre-existing conditions are eliminated) to help pay for insurance companies covering the costs of high-risk pools.
• Medicine Cabinet Tax
Over the counter medicines no longer qualified as medical expenses for flexible spending accounts (FSAs), health reimbursement arrangements (HRAs), health savings accounts (HSAs), and Archer Medical Saving accounts (MSAs).
• Additional Tax on HSA/MSA Distributions
Health savings account or an Archer medical savings account, penalties for spending money on non-qualified medical expenses. 10% to 20% in the case of a HSA and from 15% to 20% in the case of a MSA.
• Flexible Spending Account Cap 2013
Contributions to FSAs are reduced to $2,500 from $5,000.
• Medical Deduction Threshold tax increase 2013
Threshold to deduct medical expenses as an itemized deduction increases to 10% from 7.5%.
• Individual Mandate (the tax for not purchasing insurance if you can afford it) 2014
Starting in 2014, anyone not buying "qualifying" health insurance must pay an income tax surtax at a rate of 1% or $95 in 2014 to 2.5% in 2016 on profitable income above the tax threshold. The total penalty amount cannot exceed the national average of the annual premiums of a "bronze level" health insurance plan on ObamaCare exchanges.
