Dividend taxes go up -- for a select few

Those of us making less than $400K / $450K a year now have a permanent (as permanent as can be expected) advantage on investment income over the so called wealthy.  I believe everyone should pay less in taxes on dividend and capital gains taxes.  There is no guarantee you will make a profit when you make an investment, (you could loss money), so an incentive needs to be place to encourage investments.

Additionally, money invested in stocks, bonds etc. has already been taxed when a person earned it.  Way to many people make statements about taxes who are clueless.  I do my own taxes each year and I have better knowledge than the average person.  When you talk about effective or nominal tax rates most people do not know the difference how to calculate.  Married couples either get a standard deduction of $11,900 or actual deductions if more, plus $3,800 personal exemption for each person.  If you use the standard deduction and are married with no children this is $19,500 you do not pay tax on.  To calculate your effective tax rate you have to divide the total federal income tax by the income before these deductions, which is much less than most people think they pay.  For instance in the above, if you had $60,000 in income your taxable income would be $40,500.  You would pay 10% on the the first $17,900 of this $40,500 and 15% on the remaining $22,600, or $1,790 + $3,390 or $5,180 total federal income tax.  This is an effective tax rate of 8.63%, ($5,180 divided by $60,000.)

ObamaCare is going to cost everyone going forward with hidden taxes in the bill.  Better buckle in and get ready for a rough ride.

Ah......Totally clueless.....Be us many...

A Couple Items here that many miss, probably(does make a difference) because I'm Retired...

If your Investments(any investment or savings) are in IRAs, they are tax deferred; Paying taxes only on the withdrawl amounts after age 591/2.....Of standard incomes or at what levels you withdraw; Staying under certain thresholds, can lower the tax bill substancially. Cap. Gains, Dividends and Interest accrued are all just part of the IRA...Taxed as income or un-earned(?) income.

Better yet are ROTH IRAs....After meeting 5 year requirement all withdrawls are tax exempt. Irregardless of amounts

The BEST part, all trading, investing, savings divs and interest, cap gains, sales gains are not taxed until withdrawl times on the IRAs....

Any gains in a ROTH, from those above movements are not taxed at all....

Most all large Investment houses or Trading houses can hold those Accounts for you at a minium cost, sometimes just the price of trades...?