Wednesday, May 05, 2010

o'scamcare - Real Estate sales tax (newspaper article, "The Spokesman-Review" Su.28Mar10) REMEMBER IN NOVEMBER.

See the blog repost of Glenn Beck's "Leading by Example" video of o'tax'n spend's "You've made enough!" below at:
You maybe 'richer' than you know when it comes to tax time if o'scamcare 'kicks-in."
From: lc Sent: Wednesday, May 05, 2010 Subject: Real Estate sales tax

The Health Care bill has had some "hidden" aspects.  This doesn't affect just the residents of Washington.  It affects everybody.   I sure hope this is incorrect!  Read it and weep.  Better yet, SCREAM!  A little thing buried in Obamacare.  Real Estate sales tax. Under the new health care bill - did you know that all real estate transactions are subject to a 3.8% Sales Tax?  If you sell your $400,000 home, this will be a $15,200 tax.
Snopes.com reports this as "mostly false"; however, from a reading the references it is not false depending on several factors. http://www.snopes.com/politics/taxes/realestate.asp
Snopes references:
• Donmoyer, Ryan J. and James Rowley. "Health Bill Would Add 3.8% Tax on Investment Income." BusinessWeek. 18 March 2010.
• Sahadi, Jeanne.   "Medicare Tax Hikes: What the Rich Will Pay." CNNMoney.com. 25 March 2010.



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