Big tax hikes taking effect? Pants on Fire
A flawed chain email about tax hikes initially analyzed by PolitiFact last year has resurfaced -- and it's still inaccurate.
Here’s the text of the email lately circulating:
Reminder for those who forgot or for many that didn't know
Here is what will happen on January 1, 2015 :
Top Medicare tax went from 1.45% to 2.35%
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 39.6%
Estate tax went from 0% to 55%
Remember this fact:
These taxes were all passed only with democrat votes, no republicans voted for these taxes.
These taxes were all passed under the Affordable Care Act, aka Obamacare.
If you think that it is important that everyone in the U.S. should know this, pass it on. If not, then delete it.
Upshot: Pants on Fire! Read the deets, spelled out by PolitiFact in Washington, D.C., here.