This is outrageous! Hidden tax on home sales in "Healthcare bill" 3.8%!!

OH NOES THE HORROR YOU HAVE TO CHARE!!! OMG!!! WORLD IS COMMING TO AN END! YOU CANT LIVE WITHOUT THE 3800 DOLLARS YOU WILL DIE! ...


stop crying like the bitch you are, one day you will sit there with healthcarebills you cant pay.....

There seems to be a lot of talk about this hidden tax but every review I read does not pinpoint what the name of the health care law is nor where in that law this tax is mentioned. Can anybody give the law name and the page this so-called tax is mentioned?

There seems to be a lot of talk about this hidden tax but every review I read does not pinpoint what the name of the health care law is nor where in that law this tax is mentioned. Can anybody give the law name and the page this so-called tax is mentioned?

ROFL...these fukers should fill out a job application for FOX NEWS.

Now everyone when you sell your home..the government now gets a piece of that to "redistribute"... 3.8%!!

Every 100,000. home will now give $3,800. to Uncle Sam!!

[link to www.canadafreepress.com]

You should really do your research before you post something to scare people.
Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home?

A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.

The truth is that only a tiny percentage of home sellers will pay the tax. First of all, only those with incomes over $200,000 a year ($250,000 for married couples filing jointly) will be subject to it. And even for those who have such high incomes, the tax still won’t apply to the first $250,000 on profits from the sale of a personal residence — or to the first $500,000 in the case of a married couple selling their home.

[link to www.factcheck.org]

Do you people ever read any comments besides the OPs?

ROFL...these fukers should fill out a job application for FOX NEWS.



Rumor has it there are openings in the CNN and NBC newsrooms. LOL!

JON KLEIN OUT AS CNN CHIEF -- [link to mediadecoder.blogs.nytimes.com]

JEFF ZUCKER OUT AT NBC -- [link to www.deadline.com]

_

ROFL...these fukers should fill out a job application for FOX NEWS.



Rumor has it there are openings in the CNN and NBC newsrooms. LOL!

JON KLEIN OUT AS CNN CHIEF -- [link to mediadecoder.blogs.nytimes.com]

JEFF ZUCKER OUT AT NBC -- [link to www.deadline.com]

_



im a white goyim...I doubt those 2 jews would be replaced by non semites like me.

Checked on Snopes and got the same bs. Here's the problem:

A. "No, with very few exceptions." This is what they ALWAYS say to begin with. The 'exceptions' always broaden over time, i.e., social security taxes (to begin with they weren't ever supposed to be over 1%...lol!)

The second part of this is equally UNFAIR. "The tax falls on relatively few - those with high incomes from other sources." Well, maybe the OTHER SOURCES that your parent(s) inherited. In my case, the parent worked like a dog for all his life, inherited a 500,000K home. Of course, when he dies and tries to pass it on, his heirs will pay the 3.8% tax. Fair? HARDLY. AND, btw, what NEW GOVERNMENT ENTITY, will DECIDE how hight the incomes are and what 'other sources' are? Yeah, let's let the gubment decide.

No matter how hard you try to make a NEW TAX all right...IT JUST ISN'T! During this THE SECOND RECESSION (remember, the first recession ENDED in 2009!!!) is it really time to ADD NEW TAXES??????


Now everyone when you sell your home..the government now gets a piece of that to "redistribute"... 3.8%!!

Every 100,000. home will now give $3,800. to Uncle Sam!!

[link to www.canadafreepress.com]

You should really do your research before you post something to scare people.
Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home?

A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.

The truth is that only a tiny percentage of home sellers will pay the tax. First of all, only those with incomes over $200,000 a year ($250,000 for married couples filing jointly) will be subject to it. And even for those who have such high incomes, the tax still won’t apply to the first $250,000 on profits from the sale of a personal residence — or to the first $500,000 in the case of a married couple selling their home.

[link to www.factcheck.org]

You need to deduct $500,000 Capital gains deduction first.
Whatever is left over is taxed at 3.8% only if your normal
gross income is over $200,000.

Boy, I got to do your thinking for you too?

There is a 3.8% tax however it will effect very few people. Many people are misinterpreted the law. I think this link will show that.
[link to www.factcheck.org]

There is a 3.8% tax however it will effect very few people. Many people are misinterpreted the law. I think this link will show that.
[link to www.factcheck.org]

Thank you for showing people the real deal ... I am so tired of people, who refuse to do further
research to back up their claims.

Now everyone when you sell your home..the government now gets a piece of that to "redistribute"... 3.8%!!

Every 100,000. home will now give $3,800. to Uncle Sam!!

[link to www.canadafreepress.com]

You should really do your research before you post something to scare people.
Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home?

A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.

The truth is that only a tiny percentage of home sellers will pay the tax. First of all, only those with incomes over $200,000 a year ($250,000 for married couples filing jointly) will be subject to it. And even for those who have such high incomes, the tax still won’t apply to the first $250,000 on profits from the sale of a personal residence — or to the first $500,000 in the case of a married couple selling their home.

[link to www.factcheck.org]

There is a 3.8% tax however it will effect very few people. Many people are misinterpreted the law. I think this link will show that.
[link to www.factcheck.org]

Outrageously stupid. What do homes have to do with health care? While I recognize that Obama needed to reform the broken health care system, the bill that was finally passed is a a total cop out and is mostly to the benefit of special interests, insurance companies and pharmaceutical companies. All the while he was stating that it is not a tax increase, even though it turns out that the bill contains many tacked on tax increases, and it creates a required fee to the insurance companies, which is by definition a tax. America needed health care reform, and Obama's intentions were good yet a person cannot really be happy with the cowardly way that the democrats handled this bill. I guess that's politics.

.

[link to www.factcheck.org]

From the linked article from FactCheck, I really like this
line: "The law itself is couched in highly technical
language that only a qualified tax expert can fully grasp."

.

There is a 3.8% tax however it will effect very few people. Many people are misinterpreted the law. I think this link will show that.
[link to www.factcheck.org]

Thank you. Few of us peons have to worry about this one.

Odd. I read the bill and didn't see this in it.
Can I get a citation please?

Yes, Please.


Bottom of page 33 of the RECONCILIATION Bill, here: [link to frwebgate.access.gpo.gov]

And it does say the tax falls on "net gain ... attributable
to the disposition of property." That would include the
sale of a home -- all Accountants are advising their clients as such.


Weren't you listening to Nancy Pelosi?!

She wasn't lying (for once) when she said it:



_

Another.. You gotta pass it before you know what is in it. Talk about a pig in a poke.

Legislation must be limited to only on item instead of pork barrel end runs that don't have a prayer and are not related. This kind of legislation should be null and void.

We seem to tolerate Realtors taking 6% and more, I guess the govt figured another 4% wouldn't be noticed.

I don't know how Realtors have been getting such a fat commission for so long. Do real estate agents get such big commissions in other countries?

There is a 3.8% tax however it will effect very few people. Many people are misinterpreted the law. I think this link will show that.
[link to www.factcheck.org]

Thank you. Few of us peons have to worry about this one.



but thats not that point....

it was sneaked thru...passed...and dont we think they tax all of us to much as it is now ?

both political partys continue to take advantage of you.

Now everyone when you sell your home..the government now gets a piece of that to "redistribute"... 3.8%!!

Every 100,000. home will now give $3,800. to Uncle Sam!!

[link to www.canadafreepress.com]