Re: Fw: REAL ESTATE SALES TAX TO GO INTO EFFECT 2013 (Part of HC Bill)

FactCheck.org

A 3.8 Percent "Sales Tax" on Your Home?

April 22, 2010

Does the new health care law impose a 3.8 percent tax on profits from selling your home?

A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won't be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.
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Snopes  Of course, won't let me cut & Paste their info but they don't mind shoving all kind of 'pop behinds' & cookies on my computer.
Briefly they say it is "Mostly False."  From the same people that dance around the Obama birth certificate issue.

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Truth of Fiction   HR-3590 eRumors:

Real estate sales will be taxed 3.8%- Truth!
This is true, according to Congressman Mark Kirk of Illinois. Congressman Kirk released a statement on March 21, 2010  on HR-3590 saying that the health care bill will increase taxes "by imposing a new 3.8% tax on capital gains."

The actual tax increases may be generated by the HR-4872 Reconciliation Act according a March 21, 2010 article by Life and Health News Insurance News.

This is also confirmed in a March 25, 2010 article by CNNMoney.com that said, "couples making $500,000 in wages will pay an additional $2,250. If they made $1 million, they would pay an additional $6,750.  In addition, high-income households would also be subject to a new 3.8% Medicare tax on investment income starting in 2013."

On Fri, Sep 17, 2010 at 8:20 AM, JSM <ekrubmeg@gmail.com> wrote:

Truth of Fiction:  Real estate sales will be taxed 3.8%- Truth!
This is true, according to Congressman Mark Kirk of Illinois. Congressman Kirk released a statement on March 21, 2010  on HR-3590 saying that the health care bill will increase taxes "by imposing a new 3.8% tax on capital gains."

 

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Health care of 3.8%  on  HOUSE SALE!!!!!!!!!!!!!!   Vote the Dem's out and impeach the liar Obama!

 

 

 

 

Here's another wonderful piece of Obama news.......and it only keeps getting better.  Gotta love this change!   Another Obama Nightmare   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. Just thought you should know.   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. Why am I sending you this?  The same reason I hope you forward this to every single person in your address book. People have the right to know the truth because an election is coming in November!

 

 

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