Which Taxes Do Taxpayers Hate the Most?

Which Taxes Do Taxpayers Hate the Most?

Which Taxes Do Taxpayers Hate the Most?

How many different taxes can you think of? Chances are there are too many for the average person to count. While not all taxes are the same, for the most part people don’t enjoy handing over their money to the government for any reason. So, of all the taxes you have to pay, which ones do you hate the most? Since not all taxpayers have to pay the same taxes, the answers will obviously depend on your income level and which taxes you’re subject to.

However, there are certain taxes that would be on almost every taxpayer’s list. In fact, there few taxes that have received as much ire as those associated with Obamacare. While we can’t say for certain, these three taxes related to the president’s Affordable healthcare Act are all likely to receive a lot of votes for the most hated taxes.

The first one can affect just about anyone. It’s the penalty for those who don’t have health insurance. While the amount will vary depending on your income and how many uninsured individuals you have in the home, this penalty can be a burden to many taxpayers. Another unfavorable tax associated with Obamacare is the penalty tax on employers that pay for their employees’ health insurance.

Lastly, and this one is very common among wealthy individuals, is the Medicare surtax on net investment income. This 3.8 percent surtax is in addition to the 39.6 percent income tax rate for those in the highest tax bracket. It’s also added onto the 20 percent capital gains tax rate. Many high-net-worth individuals get hit with this tax, even though the actual tax has nothing to do with healthcare.

http://www.marketwatch.com/story/the-3-most-hated-taxes-2016-09-13

 

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Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

 

 

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The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

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MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

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