New Federal Tax on Home Sales

Under the new health care bill - did you know that all real estate transactions are now 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? We can vote the bums out in November and demand that they eliminate the bill or at the very least defund it. Then in 2012 repeal it.
http://www.spokesman.com/stories/2010/mar/28/health-laws-heavy-impact /
http://www.washingtonpolicy.org/Centers/healthcare/opinioneditorials/TaxesNowServicesLater.html
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On 7/29/2010 11:11 PM, Oscar_Lives wrote:

transactions are now 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? We can vote the bums out in November and demand that they eliminate the bill or at the very least defund it. Then in 2012 repeal it.

http://www.washingtonpolicy.org/Centers/healthcare/opinioneditorials/TaxesNowServicesLater.html
Interesting, a health care bill that gives people hemorrhoids because it really got shoved up our collective asses.
TDD
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On 7/29/2010 11:11 PM, Oscar_Lives wrote:

transactions are now subject to a 3.8% Sales Tax?
umm, no. Because, well, it ain't happening like that.
"First of all, only those with incomes over $200,000 a year ($250,000 for married couples filing jointly) will be subject to it. And even for those who have such high incomes, the tax still won't apply to the first $250,000 on profits from the sale of a personal residence - or to the first $500,000 in the case of a married couple selling their home."
http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home /
- but don't let facts get in the way of your mind control rays.
(not happy with lots of the bill, but let's stick to the real issues, not RWEC nonesense).
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