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HOME SALES Tax???

snell/GOD & COUNTRY-zero cliques 2012/07/10 21:31:22
IF YOU MAKE COMMENT ON THE BLOG - please RAVE it...;-)

....I thought you might find this interesting -- maybe even SICKENING!

Since when does your home become part of Obama healthcare - After 2012,
AND
to add insult to injury how it just happens to be cleverly
[intermingled] into Obama's carefully orchestrated healthcare bill! Read
on.


Subject: HOME SALES TAX??

The National Association of Realtors is all over this and working to get it repealed, --
before
it takes effect. But you and I aren't the only ones who are now privy
to this ploy to steal billions from unsuspecting homeowners - How many
realtors do you think will vote Democratic in 2012?

Under this
new ‘tax’ if you sell your house after 2012 YOU will pay a 3.8% sales
tax on it! If you do the math that’s $3,800 on a $100,000 home, etc.

Read
it for yourself. It's in Obama’s health care bill, -- page 965, and it
goes into effect in 2013. Could the reason BE it comes to light in 2013
- is because it’s an election year? Is THIS the ’change we can believe in‘??

IN the new healthcare bill, it says all real estate transactions will be subject to a 3.8% sales tax!

So, say you sell a $400,000 home - YOU will be charged a $15,200 tax.

This bill is set to screw the retiring generation, -- who often downsize their homes.

You say you weren't aware that this is in the Obama Care bill? Guess what - you’re
not alone: There are more than a few members of Congress that weren't aware of it either.

THIS IS WHY IT IS VITAL YOU VOTE IN 2012 FOLKS!

http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacar...
You!
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Top Opinion

  • betz 2012/07/10 21:57:36
    betz
    +17
    I had heard this before and yes it is true. The Lord only knows what else is hidden inside this sham of a bill. So much for his claiming to "care" about the middle class. Vote this man OUT!!!!!!!!!!!!!!

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  • jim 2012/07/12 11:31:43
    jim
    +2
    Obama promised, several times, that if you make under $250,000 "your taxes won't go up a dime"
    In his Obamacare law, it provides for a 3.8% tax on the sale of your home.
    If you make $40,000 a year and sell your home, you will pay a tax of 3.8% that you did not have to pay before.
    Obama has told a barefaced lie to the American people.
    It's bad enough that he is clearly incompetent and in way over his head. His blatant lying to the American people takes it to another level altogether.
    He needs to go back to Chicago do something else.
  • natwebb 2012/07/12 04:44:43
    natwebb
    +1
    This is true to a point. Nthing in federal tax is ever as simple as the examples gien here in this question. The truth is more byzantine.
    see: http://www.realtor.org/small_...
  • Pam 2012/07/12 03:49:28
    Pam
    +3
    I know, Obamacare isn't just about healthcare it's about everything Obama wants to control the American people! It's a terrible thing! Many people still love Obama but who knows why?
  • mac9 2012/07/12 02:46:03
  • Golden Panther 2012/07/12 02:29:57
    Golden Panther
    +2
    Enough of this communist bilge...anyone voting for the cretin obumbo should have to share quarters with the bum....yeah, and the last lady as well.
  • Rick Golden ... 2012/07/18 00:09:21
    Rick
    It's time to prepare for another civil _ _ _! It will come if the POS is re-elected!
  • Aurora 2012/07/12 01:08:54
    Aurora
    Nice Post
  • Flash,aka,Mr.Lightning 2012/07/12 00:27:32
    Flash,aka,Mr.Lightning
    +1
    I didn't know (like most) but am not surprised in the least. I checked the above link; this would apply to any property transaction including renting an apartment (though I don't know if it's renter or rentee, or both). It all part of their DEVIOUS Pan and hidden as most taxes are until your 'informed' about them. However the 'elite' are EXEMPT because they have their OWN seperate plan! We gotta vote these bums out and call for smaller government.
  • WhereIsAmerica? ~PWCM~JLA 2012/07/12 00:19:43
    WhereIsAmerica? ~PWCM~JLA
    +1
    Yep, I know that is there, that is what happens when you read.

    Vote Obama OUT!
  • DougE 2012/07/11 22:57:40
    DougE
    +1
    That's awesome, the housing market was just starting a slight recovery!
  • Ken 2012/07/11 21:34:09
    Ken
    +1
    I'm not certain, but I believe the 3.8% capital gains surcharge applies to the "rich", singles making more than $200K AGI and couples making over $250K.
  • Andrew 2012/07/11 21:05:12
    Andrew
    +1
    Snell, this cannot be allowed to stand. This is another tax upon the middle class that this fraud of a President has pushed for and enacted. This liar is going to extract billions from the middle class and still will break ALL records for overspending!
  • TheTruth1313 2012/07/11 20:31:57
    TheTruth1313
    +3
    Another one of the many dirty little secrets within the unconstitutional, socialist ovomit care policy. And yet another reason why it needs to be completely repealed.
  • Ukie 2012/07/11 19:40:35
    Ukie
    +1
    This is CRIMINAL...just like everything "O" and the libtards do!!
  • Lanikai 2012/07/11 19:37:48
    Lanikai
    +3
    Knew it was there, argued that point with liberals on here for weeks before healthcare passed and was repeatedly told that the Real Estate Tax was a "right wing lie"/


    Neener, Neener creepy Dems.
  • JL Lanikai 2012/07/12 19:42:38
    JL
    +1
    NEENER, NEENER....HAHAHAHA, OH I LOVE IT!
  • Lanikai 2012/07/11 19:17:13
    Lanikai
    +2
    Remember during the healthcare debates when LIBERALS on SH called us all liars for saying their was a real estate tax?????

    Hope those words taste good to them.
  • cinseattle61 2012/07/11 19:08:12
    cinseattle61
    +1
    Two years ago, we gave the facts about a mythical 3.8 percent “sales tax” on homes, explaining that the vast majority of those who sell their homes won’t pay a dime. The tax will fall only on net investment income of a high-income few. Even for them, it’s not a “sales tax” on every dollar of the selling price of a home, but a tax on the profit. Furthermore, for a principal residence, only the amount of profit that exceeds $250,000 (or $500,000 in the case of a couple) will be taxed.

    http://www.factcheck.org/2012...
  • Ancient Alien* 2012/07/11 18:45:31 (edited)
    Ancient Alien*
    +2
    This is the biggest crock of shiot I've ever heard! Next there gonna tax you on the $25 you got in a birthday card from your grandma...thats 15% pay up.
  • dave b 2012/07/11 18:27:25
    dave b
    +1
    ObamaKare is about control. Period.
  • Mr.Steve 2012/07/11 17:54:52
  • heirsoftheking 2012/07/11 17:52:24
    heirsoftheking
    +3
    One more reason to completely destroy Obama-care beyond recognition.
    Nuclear bomb
  • stevmackey 2012/07/11 17:42:43
    stevmackey
    +2
    How can we make the disbelievers hear this. That would definitely kill the Obama campaign. Is there any way to get the facts on this and get it on Fox News?
  • Michaelene 2012/07/11 16:53:37
    Michaelene
    +4
    With his magical mystery math regarding all aspects of the economy from UE, SS underfunding, CPI, GDP, etc that shows we are in a recession bordering on a depression.

    Obama tried to claim that real estate sales are getting better, his Chicago thug pals corrupted the program code used to calculate building starts and home sales. NOW, the National Association of Realtors are up in arms, the real truth is that the real estate industry is in worse danger than we thought. The numbers revised downward for at least the last 3 yrs.

    Obamacare's health plan tax needs to tax ALL Americans with this 3.8% sales tax on the total price, not profit. That will make things MUCH worse.

    His progressives pals are trying to use emminent domain to take away property rights of the millions of people underwater (socialists, communists and marxists do not believe in private property) and the FHA (2008 3% of the market, now 40%) backs the worst loans in the last two years, billions to unqualified borowwers. Obama's pushing for more of the same crappy loans that crashed our economy.
    http://www.mortgagenewsdaily....
    http://topics.nytimes.com/top...
  • whitewulf--the unruly mobster 2012/07/11 16:01:23
  • Smitty 2012/07/11 15:16:21
    Smitty
    +3
    Obama Care was NEVER about healthcare. It has always been about taxes because Taxes = Power and Control. Obunghole and the rest of the socialist pigs lied about this bill from day 1 so they could be the self appointed recipients of the biggest power grab in the history of this country.
  • Birthpangs 2012/07/11 15:13:25
  • Michaelene Birthpangs 2012/07/11 17:02:20
    Michaelene
    +3
    "The statute provides no guidance as to whether one can defer the 3.8% tax by
    entering into a like-kind exchange when he sells the property. This question may be
    addressed in regulations at a later time, but for the present is not resolved."

    I wouldn't be so matter of fact since the regulations are still being written. In fact, the original Obamacare health tax plan, a 2400 page bill now has grown into a 12000+ page bill.
  • morris44 Michaelene 2012/07/11 19:23:21
    morris44
    If you prefer birthpangs not be so matter of fact, why not hold snell to the same standard?
  • Michaelene morris44 2012/07/11 19:48:45
    Michaelene
    +1
    I thought you had that under control.
    This 3.8% tax is not the only one, look up the new earned income tax, nothing to do with health care (.9) Or the medical devices tax, yes my leg braces are now taxed too.
    Or the 40% tax on cadillac health insurance plans for everyone, even those in the 15% tax bracket. Of course, the 1231 waivers for Obama's pals will exempt millions from paying this tax but not little old me.
  • morris44 Michaelene 2012/07/11 19:57:39
    morris44
    But you said the regulations are still being written.

    How can you be so sure what you just posted will in fact happen?
  • Michaelene morris44 2012/07/11 20:29:49
    Michaelene
    +1
    The regulations are still being written regarding the home sales health tax BECAUSE this is a huge change in regards to real estate. Capital gains on real estate were not taxed if the seller reinvested the money into another home, now that has changed for everyone.

    The IRS is rewriting the 1040 now, so you can attach your 1099 from your employer to prove you have insurance and its value, the formulations are already in the IRS calculators for the cadillac plans.

    As you are aware, I hope, that the Obamacare health tax plan is being implemented in stages and the taxes involved will not reach their full penalties until 2014 and 2019.
    tax plan implemented stages taxes involved reach penalties 2014 2019 tax plan implemented stages taxes involved reach penalties 2014 2019
  • Birthpangs Michaelene 2012/07/11 20:32:21
  • 4570GOVT 2012/07/11 14:48:29
    4570GOVT
    +6
    I have read this before and I am PISSED ! For all you renters out there , you're not off scott free either ........ the costs will be passed on to " YOU " as well .
    I intend to Pass This On To Everybody I Know and others should do so as well !
  • Charge 2012/07/11 14:35:18
  • morris44 Charge 2012/07/11 19:26:51
    morris44
    This lady is the dumbest person on earth. Government grows the most under republican rule.

    http://economix.blogs.nytimes...
  • Charge morris44 2012/07/11 21:16:33
    Charge
    +1
    LMAO.... You Progressives are always good for a laugh...
    It used to be — before Ronald Reagan — that the federal government grew when the Democrats were in office, and became smaller when the Republicans were in the Oval Office. That is correct, what changed is that the Republicans started doing what the Democrats were already doing.
    I know You Progressives only like to tell half the story or cut it off with Bush, so let's includes Obama.
    Since the beginning of the last recession (December 2007) the private sector workforce has shrunk by 6.6% while shedding more than 7.5 million jobs. Over that same time period, the federal government workforce (excluding Census and Postal workers) has grown by 11.7% while adding 230,000 jobs.

    This trend has continued throughout the Obama Administration. Since President Barack Obama was sworn into office, the private sector workforce has shrunk by 2.6% while shedding 2.9 million jobs while the federal workforce (excluding Census and Postal workers) has grown by 7% while adding more than 144,000 jobs.

    Now, President Obama’s FY 2012 budget proposes adding even more people to the federal payroll. Specifically, the President wants to create an additional 15,000 federal government jobs including 4,182 additional Internal Revenue Service employees 1,054 ...



    LMAO.... You Progressives are always good for a laugh...
    It used to be — before Ronald Reagan — that the federal government grew when the Democrats were in office, and became smaller when the Republicans were in the Oval Office. That is correct, what changed is that the Republicans started doing what the Democrats were already doing.
    I know You Progressives only like to tell half the story or cut it off with Bush, so let's includes Obama.
    Since the beginning of the last recession (December 2007) the private sector workforce has shrunk by 6.6% while shedding more than 7.5 million jobs. Over that same time period, the federal government workforce (excluding Census and Postal workers) has grown by 11.7% while adding 230,000 jobs.

    This trend has continued throughout the Obama Administration. Since President Barack Obama was sworn into office, the private sector workforce has shrunk by 2.6% while shedding 2.9 million jobs while the federal workforce (excluding Census and Postal workers) has grown by 7% while adding more than 144,000 jobs.

    Now, President Obama’s FY 2012 budget proposes adding even more people to the federal payroll. Specifically, the President wants to create an additional 15,000 federal government jobs including 4,182 additional Internal Revenue Service employees 1,054 of which will be needed to implement Obamacare alone.

    http://blog.heritage.org/2011...

    You are a JOKE.....
    (more)
  • Bevos 2012/07/11 14:26:48
    Bevos
    +1
    I will definitely vote and anyone else I can get to the polls.
  • Sherlock Dog BL - a Gazillion 2012/07/11 14:24:24
  • 4570GOVT Sherloc... 2012/07/11 14:50:13
    4570GOVT
    +2
    BRAVO , Great Post !
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