Remodeling Maidiac
Diamond Member
- Thread starter
- Banned
- #61
10% tax rate jumps to 15%
25% tax rate jumps to 28%
28% tax rate jumps to 31%
33% tax rate jumps to 36%
35% tax rate jumps to 39.6%
55 billion cut from domestic programs
55 billion cut from defense programs
Social Security payroll tax goes from 4.2% to 6.2%
Estate tax top rate jumps from 35% to 55%
Capital gains top rate jumps from 15% to 20%
Dividends will be taxed at regular income tax rates
Child tax credit is cut by 50% to 500.00
Marriage penalty tax returns
Alternative minimum tax hits many more
Extended UE benefits expire
Medicare payments to Dr's to be cut by 30%
All kick in at midnight December 31st. This is a disaster in the making. Some economists have speculated that this will kill growth by 1%. Since we're barely growing at 1% now this may very well stall the economy completely and send us spiraling back.
how did Obama manage this with his no voting ability?
By not leading. This disaster is the direct result of NO leadership