? In effect, he would legislate a 60 percent tax bracket for upper-income Americans, killing all initiative and innovation. He?d raise the top bracket to 40 percent. He?d apply FICA taxes to all income, not just that under $100,000 as at present. So add 40 percent plus FICA?s 12.5 percent plus Medicare?s 2 percent plus state and local taxes averaging, after deduction, at 5-6 percent, and you have a 60 percent bracket.
? He would double the capital gains tax, saddling the 50 percent of Americans who own stock with dramatically higher taxes.
? He?d double the dividend tax, hitting elderly coupon-clippers now retired and depending on fixed incomes.
? He wants to cover 12 million illegal immigrants with federally subsidized health insurance, dramatically driving up costs and forcing federal rationing of healthcare. As in the U.K. and Canada, you will not be permitted certain medical procedures if the bureaucrats decide you are not worth it.
? He proposes requiring Homeland Security operatives to notify terror suspects that they are under investigation within seven days of starting the investigation
? In effect, he would legislate a 60 percent tax bracket for upper-income Americans, killing all initiative and innovation. He?d raise the top bracket to 40 percent. He?d apply FICA taxes to all income, not just that under $100,000 as at present. So add 40 percent plus FICA?s 12.5 percent plus Medicare?s 2 percent plus state and local taxes averaging, after deduction, at 5-6 percent, and you have a 60 percent bracket.
Wooot CHANGE!!!! I cant wait!