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Obamacare House Sale Tax My In Law who is or was a Staunch Democrat forwarded me an email that he had gotten from his Brother who is a Staunch Republican. Beginning in 2013 if you sell any Real Estate such as A House, Rental Property or Land there will be a 3.8% Tax that goes towards Obamacare. For the Liberals that will refuse to believe this I will attempt to give the website for this information. Which even if they read the website the Liberals will still refuse to believe it. The website is http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home Hopefully you will be able to access this website if not maybe you can type it in and find it. |
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7/13/2012 5:45 am |
If you do the math then every $100,000 that you get for Real Estate then you will pay $3,800 in Taxes toward Obamacare.
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7/13/2012 5:59 am |
How did you get so lucky? I copied an pasted the site OK. Hard to tell how it will affect each individuals tax return.
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7/13/2012 6:38 am |
How did you get so lucky? I copied an pasted the site OK. Hard to tell how it will affect each individuals tax return.
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NOTE: Found on FactCheck site. Q: Is the National Association of Realtors lobbying to repeal a 3.8 percent “sales tax” on homes before it takes effect in 2013? A: No. There’s no such “sales tax” in the new health care law. And Medicare premiums aren’t going to $247 either. But these virulent falsehoods keep going around. *************** Portion of FULL ANSWER - Additional information can be found at Factcheck. "Two years ago, we gave the facts about a mythical 3.8 percent “sales tax” on homes, explaining that the vast majority of those who sell their homes won’t pay a dime. The tax will fall only on net investment income of a high-income few. Even for them, it’s not a “sales tax” on every dollar of the selling price of a home, but a tax on the profit. Furthermore, for a principal residence, only the amount of profit that exceeds $250,000 (or $500,000 in the case of a couple) will be taxed. And a year ago we also took on a completely fabricated claim that the new health care law would cause monthly Medicare premiums to more than double, to $247, in 2014. That’s not remotely close to the truth. Medicare officials currently predict the actual figure will be $112.10. (See page 229 of the recently released Medicare trustees report.) Now these two bogus claims have been spliced together in a version that continues to circulate with undiminished vehemence. But two lies don’t make a truth." Bruja I would encourge everyone to read as much as possible before voting. Definitely there are many things both side will not agree with. The wealth of a soul is measured by how much it can feel; its poverty by how little. W. R. Inge
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7/13/2012 1:00 pm |
If So Lucky You mean My Son In Law finally seeing the light I had just about given up on him. Lol It has been said that Obamacare will be the largest Tax Increase in history and it will affect all of us. Of course our Great Leader promises that he will not raise taxes on those making under 250K a year. Yeah Right!
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