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ObamaCare Slips In Real Estate Tax Unknown To Legislators


Real Estate Taxes Are In ObamaCare!!

Has Obama has put a penalty on selling your houses in 2013?

If you are a  successful Real Estate Investors making capital gains… YES!

We need to repeal this!!  Contact your congressman NOW!

When did this happen?

It’s in the Health Care bill  to go into effect  in 2013

Why 2013? Could it be to come to light AFTER the 2012 elections?

So, this is “change you can believe in”?

Under the new health care bill – did you know that capital gains on real estate transactions will be subject to a 3.8% Sales Tax?  This bill is set to screw the retiring generation who often downsize their homes. Does this stuff make your November and 2012 vote more important?

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 ….. click on this to verify ……

http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home

Please tell everyone you know!  VOTERS NEED TO KNOW.

Don’t blame me, I didn’t vote for him. There is no success in socialism!

http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/

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  • 4 Comment(s)

  • Jim Lee says:

    http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/

    Your information in incorrect; there would be no tax on a $100,000 home or even a $200,000 home.

    http://bit.ly/gW5r7R

    • Duncan Wierman says:

      Thank you for more clarity , but a tax still exist – Since this blog is for real estate investors.. This tax does apply to most successful investors

  • Susan Pruden says:

    Incorrect Rumors About 3.8% Transfer Tax Persist

    For the third time in the past six months, NAR is being inundated with questions about a real estate transfer tax enacted as part of the Health Care reforms in 2010. THERE IS NO SUCH TAX. A viral Internet posting is riddled with errors.

    The Health Care legislation did create a new tax that would apply to a portion of the gain on the sale of any capital asset (including real estate). That tax will apply ONLY to individuals with more than $200,000 Adjusted Gross Income (AGI) (or $250,000 AGI on a joint return). The tax does not apply to any amount excluded from taxation under the $250,000/$500,000 principal residence rules. The tax is never imposed directly on the full amount of any capital gain.

    The tax is computed under a multi-step formula that captures only a portion of any gain and will only affect those with total AGI above the amounts noted above.

  • Duncan Wierman says:

    How you word this is misconstruing the facts. There is still A TAX .. Any tax even if its on the gain of a capital sale with individuals over 200K gain is STILL a tax..

    As a real estate investor, I am sure you make gains over 200K in a year !!!! We buy and sell millions in property per year! Real Estate Investors still will bear more taxes! So the person who owns a primary residence may not be effected, we still are!

    MORE TAX IS TAX ! The other thing is why was it sneaked into the bill.. ??

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