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Under the new health care bill all real estate transactions will be subject to a 3.8% sales tax.
If you sell your house after 2012 you will pay a 3.8% sales tax on it?
It's in the health care bill, -- and it goes into effect in 2013 .
This tax comes to light after the 2012 elections?
This bill is going to sock it to the elderly retiring who already lost thousands on the value of their homes thanks the the democrats housing debacle.
Yes you worked hard your whole life for that house Obama says you didn't do it alone give me 3.8 percent
when you sell it
You were not aware that this tax was in the ObamaCare bill? Well it is.
“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, 2008BS at it's finest
Guess they'd rather only poor people who can't take care of homes to own them. They'd rather we all live in the park...........Can't wait to see what else is in this bill that Pelsoi had to pass before she could tell the American people.
Is this on all homes regardless of what the value of the home is . Are homes exempt if the value at the time of sale say $350 K or less subject to this tax?
Under the new health care bill all real estate transactions will be subject to a 3.8% sales tax.
If you sell your house after 2012 you will pay a 3.8% sales tax on it?
It's in the health care bill, -- and it goes into effect in 2013 .
This tax comes to light after the 2012 elections?
This bill is going to sock it to the elderly retiring who already lost thousands on the value of their homes thanks the the democrats housing debacle.
Yes you worked hard your whole life for that house Obama says you didn't do it alone give me 3.8 percent
when you sell it
You were not aware that this tax was in the ObamaCare bill? Well it is.
“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, 2008BS at it's finest
Is this on all homes regardless of what the value of the home is . Are homes exempt if the value at the time of sale say $350 K or less subject to this tax?
No. This 3.8% tax is only on homes that are not your primary residence, and only on the profit made on the sale of the home. For example, if you have some investment property, that is not your primary residence, and you sell it for $350K, while still owing $250K to the bank, you must pay 3.8% on the Capital Gains of $100K.
the entire trend of running up huge debts against the house and then walking is just another deadbeat trick.
banks being forced to make bad loans to bad risks, forced on them by the feds under the guise of civil rights.
You bought a house, it wasn't worth what you paid for it, you are the dummy.
Obamacare will cut the federal deficit, so says the CBO. Get over it.
LOL That's only because 0bamaCare causes millions of people to go uninsured, thus the savings.
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