Tuesday, February 11, 2014

Happy New Year America, a month an a half has gone by, just wanted to make sure you know what happend

In case you weren't paying attention, this is what happened on January 1st 2014

Happy New Year America --Here is what happened on January 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%
Dividends tax went from 15% to 20%
Estate tax went from 0% to  40%
The politicians are raping this country and destroying the nation.
No one is standing up for the citizens.


[Tax Rate Schedule X, Internal Revenue Code section 1(c)]
  • 10% on taxable income from $0 to $9,075, plus
  • 15% on taxable income over $9,075 to $36,900, plus
  • 25% on taxable income over $36,900 to $89,350, plus
  • 28% on taxable income over $89,350 to $186,350, plus
  • 33% on taxable income over $186,350 to $405,100, plus
  • 35% on taxable income over $405,100 to $406,750, plus
  • 39.6% on taxable income over $406,750.

Married Filing Jointly or Qualifying Widow(er) Filing Status

[Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)]
  • 10% on taxable income from $0 to $18,150, plus
  • 15% on taxable income over $18,150 to $73,800, plus
  • 25% on taxable income over $73,800 to $148,850, plus
  • 28% on taxable income over $148,850 to $226,850, plus
  • 33% on taxable income over $226,850 to $405,100, plus
  • 35% on taxable income over $405,100 to $457,600, plus
  • 39.6% on taxable income over $457,600.

Married Filing Separately Filing Status

[Tax Rate Schedule Y-2, Internal Revenue Code section 1(d)]
  • 10% on taxable income from $0 to $9,075, plus
  • 15% on taxable income over $9,075 to $36,900, plus
  • 25% on taxable income over $36,900 to $74,425, plus
  • 28% on taxable income over $74,425 to $113,425, plus
  • 33% on taxable income over $113,425 to $202,550, plus
  • 35% on taxable income over $202,550 to $228,800, plus
  • 39.6% on taxable income over $228,800.

Head of Household Filing Status

[Tax Rate Schedule Z, Internal Revenue Code section 1(b)]
  • 10% on taxable income from $0 to $12,950, plus
  • 15% on taxable income over $12,950 to $49,400, plus
  • 25% on taxable income over $49,400 to $127,550, plus
  • 28% on taxable income over $127,550 to $206,600, plus
  • 33% on taxable income over $206,600 to $405,100, plus
  • 35% on taxable income over $405,100 to $432,200, plus
  • 39.6% on taxable income over $432,200.

No comments:

Post a Comment