I don’t make enough money to have to worry about dividends and capital gains. The economy is too crappy for that. I live check-to-check and have seen my real income decline by approximately 20 percent since Zero took office.
My ‘estate’ as it presently stands is a modest house, two cars, no second property and a family that loves me.
Yet the government sees fit to take even more of my hard-earned, with the almost full agreement of the party I, until recently, supported.
There is no tax increase for you in this bill. Please note that the 2% reduction in FICA tax was a temporary thing in previous law, was effective for only a short time to act as a temporary stimulus. Now the rate goes back to normal 6.2%. It is not a real tax increase by any standard.
Without this bill your income tax rates would have been higher, since the Bush tax cuts were never permanent and scheduled to expire in 2012.