NEW Real Estate Sales Tax

Discussion in 'Politics' started by get_involved, Sep 30, 2010.

  1. get_involved
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    get_involved Gold Member

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    Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it? That’s $3,800 on a $100,000 home etc. When did this happen? It’s in the healthcare bill.
    SALES TAX TO GO INTO EFFECT 2013 (Part of HC Bill)
    REAL ESTATE SALES TAX



    So, this is "change you can believe in"?
    Under the new health care bill - did you know that all real estate transactions will be subject to a 3.8% Sales Tax? The bulk of these new taxes don't kick in until 2013 (presumably after obama’s re-election) You can thank Nancy, Harry and Barack and your local Democrat Congressman for this one. If you sell your $400,000 home, there will be a $15,200 tax. This bill is set to screw the retiring generation who often downsize their homes. Is this Hope & Change great or what? Does this stuff makes your November and 2012 votes more important?
    Oh, you weren't aware this was in the obamacare bill? Guess what, you aren't alone. There are more than a few members of Congress that aren't aware of it either (result of clandestine midnight voting for huge bills they've never read). AND, there are a few other surprises lurking.


    [​IMG]
     
  2. Madeline
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    Madeline BANNED

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    It appears you are both right and wrong. There is a new tax, but it is not on the sales price of the property.

    Benny L. Kass - Fact or fiction? The health-care law and real estate tax

    No one who has income of $200,000 or more will pay this tax. No one who realizes zero gain (or takes a loss) on the sale of real property will pay this tax. Those who do pay it will be taxed on the profit from the sale, not the entire sales price, and this taxable amount will be reduced if a certain formula applies.

    Still it is a new tax, it was hidden in the health care law -- where it clearly does not belong -- and I had not heard of it before now. Kudos to you for finding this, get_involved.

    I'm beginning to think Obama must have a deep love for accountants and tax lawyers.
     
    Last edited: Sep 30, 2010
  3. Mr. Shaman
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    Mr. Shaman Senior Member

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    [​IMG]

    BEEN there........

    (THAT'S what's needed, here......another 'Bagger. :rolleyes: )​
     
    Last edited: Sep 30, 2010
  4. topspin
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    topspin BANNED

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    he is good to the accountants,
    when did anyone think he didn't want to soak us with new taxes.
     
  5. 8537
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    8537 Senior Member

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    This meme has been debunked about 5,000 times. It's not a tax on real estate. It's a very limited capital gains tax applied to people with high incomes.
     
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  6. VaYank5150
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    VaYank5150 Gold Member

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    Typical uneducated trailer park fearmongering from a righty.

    Where are those "death panels" again?
     
  7. Mr. Shaman
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    Mr. Shaman Senior Member

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    Whatta great message/lesson, for The Children:

    ALWAYS MAKE THE MINIMUM-MONTHLY PAYMENT!

    [​IMG]

    IT'S THE "conservative"-THING TO DO!!!!

    :rolleyes:
     
  8. RDD_1210
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    RDD_1210 Forms his own opinions

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    Wrong information and fear from a closed minded conservative. Shocking!
     
  9. del
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    del BANNED

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    and it belongs in the health care bill because.......
     
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  10. VaYank5150
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    VaYank5150 Gold Member

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    Because these things need to be paid for. I know the "Pledge to America" doesn't take any of this into consideration, but the fact remains.
     

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