FALSE INFORMATION : Q: Did Democrats increase federal income tax rates in 2014 under Obama care? FACT CHECK STATEMENT A: No. Tax increases mentioned in a viral email went into effect a year earlier, as part of a budget deal supported by many Republicans as well as most Democrats . QUESTION TO FACT CHECK : Is this information correct? I have tried to check it out but get terribly confused. It came as an email from a friend . Viral email: THE FIRST THREE MONTHS! 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% Dividend Tax went from 15% to 39.6% Estate Tax went from 0% to 55% CONCLUSION : These taxes were not passed under the affordable care act, otherwise known as Obama care. For More Info. ( factcheck.org )
Posted on: Sun, 04 Jan 2015 15:08:14 +0000