Important to know.....!!!!

[dreamofmonterey]

Originally Posted by Miranda Sebastian

As of January 2013, if you sell your house you owe the goverment 3.8% in taxes. THANKS TO OBAMA CARE....



ObamaCare Flatlines: ObamaCare Taxes Home Sales - Clobbers Middle-Class Americans - Blog - GOP.gov

That's actually quite amusing. Assuming anyone selling their house this year is making a profit after the market was trashed by Wall Street. lol

Delusional, actually.

[staywarm2]

Obamacare Tax is on a 2nd Home, I believe...

I haven't had time to double check this, but I remember reading that this tax was on a 2nd or "vacation" home, not one's primary home. I'll double check tomorrow. Bedtime...

[txgolfer130]

Originally Posted by Miranda Sebastian

As of January 2013, if you sell your house you owe the goverment 3.8% in taxes. THANKS TO OBAMA CARE....



ObamaCare Flatlines: ObamaCare Taxes Home Sales - Clobbers Middle-Class Americans - Blog - GOP.gov

Barely passable truth, and mostly lies...but that's to be expected when sourcing information from the GOP blog.

So, let's take an actual look shall we?

FactCheck.org : A 3.8 Percent “Sales Tax” on Your Home?


snopes.com: Home Sales Tax

First of all, the Medicare tax will be imposed only on individuals with an income above $200,000 and couples with a joint income more than $250,000, a figure which currently excludes about 97% of all U.S. households. Second, the tax will not be assessed on every house sale, but only on real estate transactions that produce profits over a specified dollar amount.

i.e. ~ investment real estate


Pnwed or OP....FAIL!