re: Tax revenues hit all time high for FY 2014

When

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the cap gains tax was set to increase, thinking the beginning of 2013. Remember when no tax deal was done until after Jan. 1, and everyone was selling assets to use the 15% tax rate instead of what was being propose (and now is law)? Now if you earn more than $250k of ordinary income, you pay 20% cap gains tax PLUS 3.8% net investment income tax. 23.8%! PLUS the ordinary income tax bracket went back to the draconian Clintonian era with a 39.6% high, from what was a high of 35%.

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A lot of assets were sold prior to 12/31/12, and tax revenues were the highest in recorded history. Scare the masses, and they respond.

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Please don't confuse them with the facts. And if I remember correctly several well known Leftists during a previous Democrat Administration, unloaded their stuff just before a tax increase was scheduled to go into effect.