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[QUOTE=roadrunner;427550]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? [/QUOTE]
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[URL="http://www.snopes.com/politics/taxes/realestate.asp"]Not exactly.
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[QUOTE=jcb;427567][U]
[URL="http://www.snopes.com/politics/taxes/realestate.asp"]Not exactly.
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Thank you.
There's enough horrible stuff in that legislation without having to make stuff up.
[QUOTE=jcb;427567][U]
[URL="http://www.snopes.com/politics/taxes/realestate.asp"]Not exactly.
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OK....so the article road posted is wrong........THE FACT that it was Jammed in with the HealthCare BS should make your BLOOD BOIL.
And the VERY FACT that the way it is written is so **** confusing, you'd need a Tax Lawyer, and Economist, and a Financial planner on your payroll to just understand the GARBAGE.
Yes my friends, throw their butts out. BUT before we throw them out, how about we prosecute every **** one of them on the hill that has not paid their taxes.
[url]http://www.thefoxnation.com/business/2010/09/14/capitol-hill-employees-owe-93m-overdue-taxes[/url]
[QUOTE=roadrunner;427550]REAL ESTATE SALES TAX - 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 (result of clandestine midnight voting for huge bills they've never read). AND, there are a few other surprises lurking.[/QUOTE]
No...I wasn't aware of this...I didn't vote for Nobama anyway, how'd you find out about this? Got any links you can share?
[QUOTE=MsgMills;427553]All i can say is " TRUCK " all those people who voted for this current POTUS..... I hope you all rot in HE double hockey sticks.......You all deserve everything you get for doin this to the American People...:mad::(:mad:[/QUOTE]
Thanks for putting into writing what was on my mind! :)
I had just heard on the news that our health insurance companies as of today, can no longer cancel a policy due to a policy holder having a major illness with a major expense. Well, it doesn’t take a rocket scientist to figure out that means they will be paying out more claims. Hello! And who is going to pay for those claims? Yep, you and me and the rest of the working class people. They will raise the premiums in order to pay the claims and bank some profit. Doesn’t Nobama see these things? He must be deaf, dumb and blind, is all I can say.
[QUOTE=Chubminnow;427595]I had just heard on the news that our health insurance companies as of today, can no longer cancel a policy due to a policy holder having a major illness with a major expense. Well, it doesn’t take a rocket scientist to figure out that means they will be paying out more claims. Hello! And who is going to pay for those claims? Yep, you and me and the rest of the working class people. They will raise the premiums in order to pay the claims and bank some profit. Doesn’t Nobama see these things? He must be deaf, dumb and blind, is all I can say.[/QUOTE]
Tim, am I understanding what you are saying? Do you mean to tell me that just because my wife and I have spent the last 20 years paying insurance premiums on the same plan, while rarely recovering anything (we are rarely sick so we rarely have to use our insurance) if myself or my wife got cancer or something that our insurance should be able to cancel us? :confused:
[QUOTE=MsgMills;427553]All i can say is " TRUCK " all those people who voted for this current POTUS..... I hope you all rot in HE double hockey sticks.......You all deserve everything you get for doin this to the American People...:mad::(:mad:[/QUOTE]
You want me to rot in HE double hockey sticks? Thats a pretty sad comment on your part. I wish the best for you.:)
[QUOTE=Tim_T;427597]Tim, am I understanding what you are saying? Do you mean to tell me that just because my wife and I have spent the last 20 years paying insurance premiums on the same plan, while rarely recovering anything (we are rarely sick so we rarely have to use our insurance) if myself or my wife got cancer or something that our insurance should be able to cancel us? :confused:[/QUOTE]
It doesn't sound right does it. I doubt you and I would get turned down our first time out....but over the course of time????? I'm kind of like you, I have healthcare coverage nine ways to Sunday but never use it. But you and I both know that insurance (auto, home, life, health) is one of the biggest rip offs there ever was. Check out ABCNEWS.COM...some insurance companies in the past have put caps on what they're willing to pay.
[QUOTE=Chubminnow;427592]No...I wasn't aware of this...I didn't vote for Nobama anyway, how'd you find out about this? Got any links you can share?[/QUOTE]
I do not have any links as this came from a news article in the paper. however if you look at the snopes article you can see this is a left spin says mostly false then goes into a long confusing explanation on capital gains tax for people earning over 200,000 or 250,000 dollars however if you were to sell you home in 2013 you might very well be in that category for that year.
If you check Truth or Fiction.com as I did before posting you will find it claims it is true. Real estate sales will be taxed 3.8%- Truth!
This is true, according to Congressman Mark Kirk of Illinois. Congressman Kirk released a statement on March 21, 2010 on HR-3590 saying that the health care bill will increase taxes "by imposing a new 3.8% tax on capital gains."
The actual tax increases may be generated by the HR-4872 Reconciliation Act according a March 21, 2010 article by Life and Health News Insurance News.
This is also confirmed in a March 25, 2010 article by CNNMoney.com that said, "couples making $500,000 in wages will pay an additional $2,250. If they made $1 million, they would pay an additional $6,750. In addition, high-income households would also be subject to a new 3.8% Medicare tax on investment income starting in 2013."
[QUOTE=roadrunner;427635]I do not have any links as this came from a news article in the paper. however if you look at the snopes article you can see this is a left spin says mostly false then goes into a long confusing explanation on capital gains tax for people earning over 200,000 or 250,000 dollars however if you were to sell you home in 2013 you might very well be in that category for that year.
If you check Truth or Fiction.com as I did before posting you will find it claims it is true. Real estate sales will be taxed 3.8%- Truth!
This is true, according to Congressman Mark Kirk of Illinois. Congressman Kirk released a statement on March 21, 2010 on HR-3590 saying that the health care bill will increase taxes "by imposing a new 3.8% tax on capital gains."
The actual tax increases may be generated by the HR-4872 Reconciliation Act according a March 21, 2010 article by Life and Health News Insurance News.
This is also confirmed in a March 25, 2010 article by CNNMoney.com that said, "couples making $500,000 in wages will pay an additional $2,250. If they made $1 million, they would pay an additional $6,750. In addition, high-income households would also be subject to a new 3.8% Medicare tax on investment income starting in 2013."[/QUOTE]
What you're missing is that the $250,000 figure quoted refers to the PROFIT on the property sold. So the statement in this chain letter that "If you sell your $400,000 home, there will be a $15,200 tax" is only true if said house was bought for $150,000.