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does-the-health-care-bill-have-a-tax-on-real-estate-sales

Seeded on Fri Jan 21, 2011 2:06 PM EST
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Seeded by joe-1280782
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Few people realize that buried in the recent health care legislation is a tax that affects home sales–3.8% to be exact. As most homeowners know, one of the primary benefits of selling your home is that a significant portion of any profit–$250,000 for a single taxpayer and $500,000 for a married (filing joint) taxpayer–is completely tax free if you've lived in the home two out of the last five years. Yes, you read that right. Completely tax free. And that part is STILL true.

The part that's new is a tax on the profit above that exemption amount for taxpayers in certain brackets. If a single taxpayer makes more than $200,000, or for marrieds above $250,000, they are subject to a new 3.8% tax on the profit above that exempted amount starting in 2013.

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joe-1280782

That's a pretty strange thing to put in a health care bill but as Nancy Pelosi said

But we have to pass the bill so you can find out what is in it

http://www.youtube.com/watch?v=KoE1R-xH5To

  • 1 vote
Reply#1 - Fri Jan 21, 2011 2:08 PM EST
Wolf Wolfman

joe-1280782...There's a tax on rent also in the bill.

  • 2 votes
Reply#2 - Fri Jan 21, 2011 10:26 PM EST
Bill Pitcher

So if I buy a home for $240,000 and I sell it for $500,000 I will have to pay a whopping $380. in taxes?... I will only be allowed to keep $259,620.in profit?...

...Oh my Gosh!...the humanity!... Who can afford this overwhelming tax burden? this will bring an end to the wealthy class in America! Housing sales will plummet and Realtors will be going out of business all across the country! That's it ...I will never sell my half million dollar summer house!!

Damn Nancy and her hidden triple-digit taxes on all the common millionaires of America!

  • 1 vote
Reply#3 - Sat Jan 22, 2011 3:14 AM EST
paxildog

I'm curious, how much does it need to be for you to care? What if they poison the water just a little bit? When would you be upset Bill?

  • 2 votes
#3.1 - Sat Jan 22, 2011 3:41 AM EST
joe-1280782

When would you be upset Bill?

Besides missing the point of the article which was what was a tax on real estate doing in a health care bill

Probably not until Himmler and the SS comes knocking at his door or in this case Obama's puppets of which Bill seems to be one

  • 4 votes
#3.2 - Sat Jan 22, 2011 2:37 PM EST
paxildog

Agreed.

  • 1 vote
#3.3 - Sun Jan 23, 2011 2:06 AM EST
Bill Pitcher

in this case Obama's puppets of which Bill seems to be one

No one pulls my strings Joe... Who is pulling yours? The wealthy and corporate America?

  • 1 vote
#3.4 - Sun Jan 23, 2011 4:57 PM EST
joe-1280782

No one pulls my strings Joe

Ain't buying it Bill

Nobody but Obama and George Soros,

  • 1 vote
#3.5 - Mon Jan 24, 2011 10:32 PM EST
Reply
Bill Pitcher

I'm curious, how much does it need to be for you to care? What if they poison the water just a little bit? When would you be upset Bill?

To complete your silly metaphor paxildog ...I would be upset if the water being poisoned ,just a little bit, was the water that the working class had to drink because they couldn't afford to buy bottled water...

This tiny tax will not be felt by those it affects ...and it will help save lives.

  • 1 vote
Reply#4 - Sun Jan 23, 2011 4:51 PM EST
joe-1280782

This tiny tax will not be felt by those it affects ...and it will help save lives.

So how's that gonna work out Bill?..Maybe because it is saving so many lives.we ought to institute a higher tax or another tax..the question is as you have so faithfully obeyed your leader Obama and avoided the question is what the hell is this tax doing in a health care bill anyway

I'm curious, how much does it need to be for you to care? What if they poison the water just a little bit? When would you be upset Bill?

This is not a silly metaphor Bill..it is a reality of what this President does via Nancy Pelosi and the House Liberals..They insert things into Bill that have no rhyme or reason for being there

  • 1 vote
#4.1 - Sun Jan 23, 2011 4:59 PM EST
paxildog

Just for the record Bill, I am against any tax increase for any reason unless it means the death of the entire nation, not just a percentage of it.

Cut other programs, live up to the campaign promises. Adding ANY tax, no matter how small, to save lives is not worth it since they can easily cut other programs, start with their salaries. Why shouldn't the government be made to live within certain resources if everyone else does?

Sorry, no new tax no matter how small.

  • 1 vote
#4.2 - Mon Jan 24, 2011 10:51 AM EST
Bill Pitcher

Just for the record Bill, I am against any tax increase for any reason unless it means the death of the entire nation, not just a percentage of it.

----------------------------WOW-----------------------

    #4.3 - Mon Jan 24, 2011 10:40 PM EST
    paxildog

    Is that clear enough? I would think so. BTW - I am not in favor of the tea party, republicans, liberals, democrats, etc...... I do side with the democrats at times but not the way they intend to pay for it, literally can't stand for liberals, never have believed too many republicans and the TP's...well let's say they have some different ideas. No more taxes period. Thanks for understanding.

    • 1 vote
    #4.4 - Mon Jan 24, 2011 10:50 PM EST
    Reply
    Boudicea

    This is the tip of the iceberg. By the time this bill is fully implemented the repercussions of the CBO's bull$hit assessment of cost is going to be so monumental that there will be a tax on BREATHING.

    But, AS USUAL, as long as this particular tax is seen as a tax only on the "rich" then what the hell? Who cares if those darned rich people get screwed? (Never mind that lots of people impacted by this are older people who paid for their $35.000 houses many years ago and those homes are now worth $350,000 or more)

    • 1 vote
    Reply#5 - Mon Jan 24, 2011 12:42 PM EST
    joe-1280782

    coming soon to a Theatre near you

    The Ghost of Thanksgiving Yet to Come

    http://www.canadafreepress.com/index.php/article/30349

    Yet the family had a lot for which to be thankful, Winston thought, before remembering it was a Day of Atonement. At least he had his memories. He felt a twinge of sadness when he realized his children would never know what like was like in the Good Old Days, long before government promises to make life “fair for everyone” realized their full potential. Winston, like so many of his fellow Americans, never realized how much things could change when they didn’t happen all at once, but little by little, so people could get used to them.

    He wondered what might have happened if the public had stood up while there was still time, maybe back around 2010, when all the real nonsense began. “Maybe we wouldn’t be where we are today if we’d just said ‘enough is enough’ when we had the chance,” he thought.

    Maybe so, Winston. Maybe so.

      Reply#6 - Mon Jan 24, 2011 2:56 PM EST
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