Taxes on selling your home

[AKVET]

Is this really true?????????

If you figure out what selling your home has to do with Health Care, please let me know.

Does it make you wonder what else is in that bill?.................j

Fw: If you own a home, better read this...

You better read now!!!!

THIS WILL BLOW YOU AWAY !!!!!

The National Association of REALTORS is all over this and working to get it repealed,

before it takes effect. But, I am very pleased we aren't the only ones who know about

this ploy to steal billions from unsuspecting homeowners. How many REALTORS

do you think will vote Democratic in 2012?

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 .

I hope you forward this to every single person in your address book.

VOTERS NEED TO KNOW .

[kiteman]

Is this really true?????????

If you figure out what selling your home has to do with Health Care, please let me know.

Does it make you wonder what else is in that bill?.................j

Fw: If you own a home, better read this...

You better read now!!!!

THIS WILL BLOW YOU AWAY !!!!!

The National Association of REALTORS is all over this and working to get it repealed,

before it takes effect. But, I am very pleased we aren't the only ones who know about

this ploy to steal billions from unsuspecting homeowners. How many REALTORS

do you think will vote Democratic in 2012?

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 .

I hope you forward this to every single person in your address book.

VOTERS NEED TO KNOW .

Make sure you read the law and understand the changes before you send this on to everyone in your address book. Otherwise you may appear foolish and partisan!

Just a helpful hint.

[DinarMillionaire]

You're right kiteman. Oh, dang did I just say that?

To be hit with the new tax, you would have to clear more than $250,000 in profit off your home, which means at least $250,000 more than you paid for it. And the ceiling is even higher for a married couple. Married couples are not taxed on the first $500,000 of profit from home sales. Again, that's profit, not the sales price.

Read more at PolitiFact...

[kiteman]

You're right kiteman. Oh, dang did I just say that?

To be hit with the new tax, you would have to clear more than $250,000 in profit off your home, which means at least $250,000 more than you paid for it. And the ceiling is even higher for a married couple. Married couples are not taxed on the first $500,000 of profit from home sales. Again, that's profit, not the sales price.

Read more at PolitiFact...

Thank you DM! Sometimes we can all get along!