Here are many of the ones that start this year. As does President Barack Obama’s war on marriage, using his IRS to prosecute it.
- top marginal tax rate rose to 39.6% for those at higher incomes
- $400,000 for single filers
- $450,000 for married couples filing jointly
- $425,000 for heads of household
- itemized deductions and personal exemptions phase out as income increases
- beginning at $300,000 for married couples filing jointly
- $250,000 for singles
- higher capital gains taxes—up to 20% for some taxpayers
- additional 0.9% Medicare tax
- on earnings over $250,000 for married couples filing jointly
- $200,000 for singles and heads of household
- 3.8% tax on investment income
- on earnings over $250,000 for married couples filing jointly
- $200,000 for singles and heads of household
Notice that marriage penalty.