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Old 07-07-2012, 07:32 AM
 
Location: Port St Lucie Florida
1,285 posts, read 3,624,207 times
Reputation: 408

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I was just talking with a friend and he said he just learned that there will be a 3.9% tax on new house sales for 2013 to pay for the new health care bill. Can anyone confirm this? if so might be a good reason to buy now.
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Old 07-09-2012, 05:01 PM
 
Location: Vero Beach
910 posts, read 2,232,466 times
Reputation: 478
I think this is an old, false rumor. Here is the link to info on it from snopes.com, which busts internet rumors:

snopes.com: Home Sales Tax
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Old 07-10-2012, 10:38 AM
 
Location: New Mexico
140 posts, read 401,566 times
Reputation: 56
Just another lie to scare people into supporting certain ones political agenda. I see more and more being sent around the net everyday.
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Old 07-10-2012, 11:36 AM
 
Location: Port St Lucie Florida
1,285 posts, read 3,624,207 times
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It is valid like the 4% capital gains tax but it only applies to people making over 250,000 filing jointly or 200k if filing single.
Gotta pay for the health care somehow.
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Old 07-10-2012, 02:42 PM
 
Location: New Mexico
140 posts, read 401,566 times
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Sorry alsidw, still not true, it's a tax on the profit on a house sale that is above the excluded $500,00 of profit if the owner couple makes more than $250,000 per year. Read the example provided in:

snopes.com: Home Sales Tax

about 2/3 of the way to the bottom.

Thanks
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Old 07-11-2012, 08:20 AM
 
1,257 posts, read 4,588,039 times
Reputation: 1034
Quote:
Originally Posted by Chuck12020123 View Post
Sorry alsidw, still not true, it's a tax on the profit on a house sale that is above the excluded $500,00 of profit if the owner couple makes more than $250,000 per year. Read the example provided in:

snopes.com: Home Sales Tax

about 2/3 of the way to the bottom.

Thanks
Tax is not as black/white as you said. There are so many inter-connected elements involved in the tax issues. This is why we have so many CPAs. We make $150,000 a year but we are subjected to many taxes that are supposed to be only applied to the couple who make over $250K. Not complaining. Just saying. And if one of those element changes, the whole outcome can be changed for us. Now with such an unstable economical and tax environment, who knows what will happen.
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Old 07-11-2012, 11:14 AM
 
1,257 posts, read 1,877,732 times
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I believe there are 23 some odd new taxes and fees going into affect on Jan 1 in order to pay for the new Health Care situation. Remember "We have to pass it before we read it" Nancy P.

These new "Crack" laws like the stimulus are designed to get Americans hooked on dependant government programs and once enough are, they make working people pay for keeping the habbit going. Who will pay these taxes? Certainly not the rich or the poor.
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Old 07-11-2012, 01:20 PM
 
1,257 posts, read 4,588,039 times
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Quote:
Originally Posted by pslhomie View Post
Who will pay these taxes? Certainly not the rich or the poor.
Exactly!!!
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Old 07-11-2012, 03:11 PM
 
2,970 posts, read 5,032,172 times
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The truth is more than likely somewhere in the middle. There has to be a revenue stream to pay for any program. If you believe the twits on either extreme you're just adding to the confusion.
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Old 07-12-2012, 07:10 AM
 
1,257 posts, read 1,877,732 times
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It is simple economics and not an extreme position to say that more people paying taxes brings in more revenue than higher taxes on those who are paying. Lets make this simple. If you have a family and you have four kids, and you are the only one working you are supporting six people (assuming you are married) If your spouse gets a job then two people are contributing. If one of your kids gets a job at 16 and pays for their own clothes and other things then there are less people to support.

What Obamanomics (and old Repub Dem ideas) is doing is telling the spouse and child that you don't have to work but Daddy or Mommie should get another job working more hours in order to support you. Then your kid at 16 becomes a mommy or daddy and you need to support that situation but no one else need lift a finger because you have 2 jobs and are looking for a third. How does it end? Mommie or daddy dies of a heart attack and there is no life insurance policy and the mortgage payment needs to be made. That is where we are headed under our current situation. When you start telling people to get onto Food Stamps who pays for that?
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