When did this happen?
It’s in the healthcare bill.
SALES TAX TO GO INTO EFFECT 2013 (Part of HEALTH CARE 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 make 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.
1 comment:
It is nice to see that you can report half the story. You seem to have forgotten the part about it n ot applying to most people. For your residence you pay nothing on the first $250,000 in gain. That is not sale price that is gain.If you are married it is $500,000. The vast majority of people do not live in houses worth $500,000 so it is difficult to have that much gain.I am so sick of the lies and the misinformation I am no longer a member of the major party. None of you can tell the truth. You tell just enough to get people upset. It is crap.
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