Your home price used to fund socialized healthcare

When does your home become part of your health care? After 2012!

Your vote counts big time in 2012, The National Association of Realtors is all over this and working to get it repealed, before it takes effect. But, I am pleased they aren't the only ones who know about this ploy to steal billions from unsuspecting homeowners to fund Obummercare.

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 it goes into effect in 2013. Why 2013? So that it doesn’t come to light until after the 2012 elections.

Is this ‘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. Or young families changing homes (the working middle class) Does this make your November, 2012 vote more important?

This is one of 21 new taxes created by Obamacare and why its one of the largest tax increases in modern times.

Romney is no great savior but if he is the best chance we have to repeal socialized healthcare, I'll vote for him because we know without real change, this disaster wont be repealed.

http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home

 

Nice try

http://www.snopes.com/politics/taxes/realestate.asp

http://southfloridalawblog.com/2012...acares-real-estate-sales-tax-it-doesnt-exist/

http://urbanlegends.about.com/od/government/a/Health-Care-Real-Estate-Tax.htm

 

SNOPES!!!! LOL

http://www.stoptheaclu.com/2008/10/21/so-you-think-you-can-trust-snopescom/

 

I'll never vote for a politician that for higher taxes. I don't care how much that person makes.

 

http://budget.house.gov/news/documentsingle.aspx?DocumentID=203348

 

Show some proof there is a "sales tax"

The link YOU provided in the original post does NOT do so....but I think you probably already know that don't you?

 

So a conservatively biased website says snopes is liberally biased. Well then, it must be true!

 

“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes,” President Obama, September 12, 2008

Beginning January 1, 2013, ObamaCare imposes a 3.8% Medicare tax on unearned income of “high-income”

This cannot be disputed.

 

RC, perhaps you could help me out. I don't see how your scenario would apply. It is my understanding that the 3.8% real estate sales tax applies when the profit of the home sale exceeds $200,000 for singles, and $250,000 for married couples. So wouldn't you have to sell that $100,000 home for $300,000 (assuming you're single) to be taxed the 3.8%?

 

I emailed Paul Ryan (my Congressman) to get a more definitive answer to that. I will update as I get his reply.

 

Not really the profit of the home. Anyone with incomes over $200K would have to pay the tax. However, any profit from real estate or investments will be included to calculate your income. So, if you and your wife already make $150K a year and you make an additional profit of $150K from a realestate sale and/or investments, you will pay the additional tax. It is a payroll tax to support medicare. More of the same from the liberals if you ask me. Target those that have worked hard and make decent money to pay an additional tax. Why not? They have it, so its only fair to take it from them and support others, right? Never mind the fact that they are already paying the majority of all federal taxes collected each year. They are the ones that own businesses that create new jobs. Keep in mind, the number of families that pay ANY federal income taxes continues to decline. At what point will the top earners be considerd taxed fairly? When they pay all of the taxes required to run the country? When only the top 20% of earners are paying the taxes for all?

 

Actually Vito according to my understanding under your scenario the 3.8% tax would not apply either. If the seller were single and this was their primary residence the 100k home would need to sell for over 350k (first 250k of profit would be exempt) and if married would need to sell for over 600k (first 500k of profit except). Example: If a married couple sold that house for 650k they would owe $1900 in taxes (3.8% X 50k). There are some other formulas used which could actually lessen this tax ammount depending on the income of the seller/sellers versus the profit of the sale but I don't think we need to get any deeper into this.

This tax will effect around 3% of american households

 

This is completely ridiculous.........

I saw a report the other day based on IRS provided data. Right now, the top 1% of income earners take home 16.9% of all money made, but are paying 36.7% of all taxes paid. The top 5% take home 31.7% but pay 58.7% of taxes, and the top 10% take home 43.2% but pay 70.5% of all taxes.

How can anyone look at that and feel good about taking more? The answer isn't spending and taxing more, it's cutting spending and putting it inline with what we are currently bringing in.

 

Wrong...see my post

 

Completely agree. The mindset that this tax doesn't effect a large number of people thus making it ok is ridiculous. I'll never reach the upper limit of society, but I won't begrudge those who do.

 

Its on p946, in section 1411 (a) of the act, under "Imposition of Tax" (remember, this is the tax that the Supreme court said is a tax, cause the law says its a tax, but the politicians say it isn't).

3.8% on the lesser of a) net investment income b) modified agi over the threshold amount....blah blah blah.

Remember, the only time politicians lie is when their lips move.

 

And your post is more correct because......you say so? Then I stand corrected.

I got my information from a federal report. And you got yours from?? Another federal report? This is legislation that was passed without even being read by our legislators. They werent given enough time. Our own government doesnt even know how it will all be implemented. All I know is, it will take an entire army of new government employees to run if this law sticks. I guess that means the greedy rich folks will be expected to pay some more taxes. Bottom line, its a new tax for somebody.

 

Unless you read a federal report which states the Taxpayer Relief Act of 1997 has been repealed..then yeah my post is more correct than yours

 

This is why we need a flat sales tax and do away with income tax. That way everyone pays the same and those not paying now would be.

 

I do enjoy a good laugh.. and every time I hear or read a complete fabrication of ObamaRomneyCare.. I just gotta laugh.

Do people really believe this bs? If they do, I don't think they should cast a ballot.