According to Fred Thompson, at Fred Thompson's America, if you sell your house after 2012 you will pay a 3.8% sales tax on it! Yes, it was hidden away in the health care bill that the Democratic Congress chose to pass before anyone could discover the damning contents of ObamaCare!
Here's The Question and Fred's answer:
. . .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 come to light AFTER the 2012 elections? So, this is “change you can believe in”? 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 $15,200 tax. This bill is set to screw the retiring generation who often downsize their homes. Does this make your November and 2012 vote more important? Oh, you weren’t aware this was in the Obamacare bill? Guess what, you aren’t alone. There are more than a few members of Congress that aren’t aware of it either.
A: That’s right. We’re finding out what’s in Obamacare. And don’t forget you pay that 3.8% even if you have no gain on the sale. And if you do have a gain your cap gains tax is going up from 15% to 20% PLUS the 3.8. Have a nice day AND VOTE
Check out details here:
ReplyDeletehttp://www.realtor.org/small_business_health_coverage.nsf/docfiles/government_affairs_invest_inc_tax_broch.pdf/$FILE/government_affairs_invest_inc_tax_broch.pdf
According to this you must be earning jointly for ex. over $250K and have profit from the sale to pay the %.