Income and payroll taxes 37% to 52%. This applies to those making 400K a year and up.
Small business taxes. 29.6% to 39.6%
Capital gains and dividends taxes 23.8% to 43.4%
There’s also some “old age” taxes being implemented revolving around SS, increased credits for low income housing (free money for POS’s, I mean POC’s), higher premium credits for Obamacare and climate change credits for renewable energies which are a proven failure.
Thank you! Was trying to explain to someone about my small business taxes going up but they didn't believe me. I couldn't find a good link to it. I was getting the income taxes and the small business ones swapped around. Still sucks though.
Corporate taxes going from 21% to 28%
Income and payroll taxes 37% to 52%. This applies to those making 400K a year and up.
Small business taxes. 29.6% to 39.6%
Capital gains and dividends taxes 23.8% to 43.4%
There’s also some “old age” taxes being implemented revolving around SS, increased credits for low income housing (free money for POS’s, I mean POC’s), higher premium credits for Obamacare and climate change credits for renewable energies which are a proven failure.
Thank you! Was trying to explain to someone about my small business taxes going up but they didn't believe me. I couldn't find a good link to it. I was getting the income taxes and the small business ones swapped around. Still sucks though.