Read your own thumbnail. It's such a convoluted formula, I seriously doubt it will ever apply to anybody except millionaires. But maybe PC is a millionaire. The reason it's a "bust" is because the clause went viral with the intent to scare the average person.
No, its not convoluted at all, there is a 500k exclusion, you are just deciding that anyone who lives in a home worth more than the exclusion should pay the 3.8% and thats that. MY home is worth more than that.....so?
Not so. Read the part about it being treated as "investment income." (I don't know how to do thumbnails, so you'll have to go to the site yourself. That 3.8% is over and above what you would already take off your income tax. Would you rather it be treated as capital gains at 15%?
and you never answered the other questions ala honesty etc.
Ok, here is another one, different topic-
here-
[ame=http://www.youtube.com/watch?v=ctx9RoP6DA4&feature=player_embedded]YouTube - Obama Logic: Raising Taxes On Rich Will Encourage Rick To Keep Their Businesses In America[/ame]
The bridge collapse occurred because of a design defect, a conclusion reached by the National Transportation Safety Board. The bridge was designed and built in an era when engineers thought that redundant systems were both unnecessary and inefficient. Gusset plates installed at the time of the bridge’s building were too thin, and without any redundancy to account for a major failure on a single point, it was a tragedy waiting to happen from day 1. It had nothing to do with any lack of maintenance, and in fact collapsed because of scheduled maintenance to the deck that inadvertently destabilized it to the point of collapse.
hat tip hot air-
Video: Obama uses false bridge-collapse argument to argue for more taxes « Hot Air
And they were working on it that very moment it went down....
Lie or ignorance?