Obama’s Obamacare Tax Increases

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.

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