Will You Ever Sell Your House?
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. 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 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. Does this stuff make your November 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. There are even more things in this health care bill that aren't health related.
http://www.gop.gov/blog/10/04/
Why am I am sending you this? The same reason I hope you forward this to every single person in your address book because another election is coming soon, be aware!
2 comments:
This is not entirely true. It will not apply to all real estate sales transactions. The 3.8% tax is a medicare tax on net investment income, which can include the gain on the sale of a house, as well as dividends, interest income, gains from sales of other investments, etc. less certain expenses incurred to produce this income. This net investment income may be subject to the 3.8% medicare tax only if the taxpayers' modified adjusted gross income exceeds $250,000 on a married filing joint return, $125,000 on a married filing seperate return or $200,000 on a single or head of household return.
They would be wasting their time and everyone in today buyer market is up to the sellers to bring out the best in their homes in order to stand out and the glut of inventory agents said.
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