A top tax rate of 62%, according to the Wall Street Journal.
Today's top tax rate is 35%.
President Obama wants to raise Medicare payroll taxes, raise taxes on those making more than $250,000, end a number of income tax deductions, and end the cap on Social Security taxes (which can add up to 10% to your taxes.)
Obamacare has already put in place a 0.9% Medicare tax on people making $200,000 a year ($250,000 for a couple)--
plus Obamacare institutes a 3.8% investment tax starting in 2014.
Democrats are also looking at raising other investment taxes, such as capital gains tax--from 15% up to 23.8%, and dividend taxes--from 15% up to a whopping 45%.
Today's top tax rate is 35%.
President Obama wants to raise Medicare payroll taxes, raise taxes on those making more than $250,000, end a number of income tax deductions, and end the cap on Social Security taxes (which can add up to 10% to your taxes.)
Obamacare has already put in place a 0.9% Medicare tax on people making $200,000 a year ($250,000 for a couple)--
plus Obamacare institutes a 3.8% investment tax starting in 2014.
Democrats are also looking at raising other investment taxes, such as capital gains tax--from 15% up to 23.8%, and dividend taxes--from 15% up to a whopping 45%.
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