REMEMBER IN NOVEMBER 2012!
FYI! No matter which Party you associate yourself with - You Need to be aware of this.
This is from the National Association of Realtors. It is part of
the New Federal Health Care Law and becomes effective Jan 2013, after the Nov. 2012 elections. Read and Heed!
Thinking About Selling Your House after 2012?
The National Association of Realtors is all over this and working to
get it repealed before it takes effect. But, I am very pleased we
aren't the only ones who know about this ploy to steal billions from unsuspecting homeowners. How many REALTORS do you think will vote Democrat in 2012?
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 health care bill and goes into effect in 2013.
Why 2013? Could it be to only come to light AFTER the 2012
elections?
Under the new health care bill all real estate transactions will be
subject to a 3.8% Sales Tax.
If you sell a $400,000 home, there will be a $15,200 tax. This bill is set to steal from the retiring generation who often downsize their homes. Does this make your November and 2012 vote 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 are not aware of it either.
I hope you forward this to every single person in your address book.
VOTERS NEED TO KNOW.
1. snopes.com: 3.8% Tax on Real Estate Transactions •••
A provision of health care legislation imposes a 3.8% sales tax on all real estate transactions?
...Real Estate Tax Claim: A provision of health care legislation creates a 3.8% Medicare tax on real estate transactions. Example: [Collected via...
...3.8% tax on real estate transactions Under the new health care bill - did you know that all real estate transactions are subject to a 3.8% "Sales Tax"?...
...be a $15,200 tax. Remember Obama’s battle cry — take from the workers and give to the drones. TAX ON HOME SALES Imposes a 3.8 percent tax on home...
Fri, 09 Mar 2012 19:01:40 GMT http://www.snopes.com/politics/taxes/realestate.asp
Posted by Barbara Starnes on March 19, 2012 at 1:08pm at the Tea Party Nation
Barbara, you've left out some very important facts, all of which are in the snopes article you referenced:
ReplyDelete1) This tax applies to only to the profit in excess of $500,000 in the sale. In other words, if you bought a house for $300,000, and sold it for $850,000, you'd be taxed 3.8% on the top $50K, not the entire profit. Today, that seems very unlikely, no?
2) Even that only applies to an individual with an income of greater than $200K, or a household with an income greater than $250K.
Obama's pledge was no additional taxes on any family with an income less than $250K. This seems consistent, unless you're finding a quote I'm unaware of.
Thanks,
Bob