Rational Nation USA
Birthplace of Independent Conservatism
Liberty -vs- Tyranny
From the inbox at RN USA. I am sure there are many who remain unaware of this provision of ObamaCare.
E-mail is reproduced here in full with appropriate linkage.
Do you know that if you sell your house after 2012 you will pay a 3.8%
sales tax on it? That's $3,800 on a $100,000 home etc.
When did this happen? It's in the health care bill. Just thought you
SALES TAX TO GO INTO EFFECT 2013 (Part of HC Bill)
REAL ESTATE SALES TAX
So, this is "change you can believe in"?
Under the new health care bill - did you know that all real estate
transactions will be subject to a 3.8% Sales Tax? The bulk of these new
taxes don't kick in until 2013 if you sell your $400,000 home, there will be
a $15,200 tax. This bill is set to mess with the retiring generation who
often downsize their homes. Does this stuff make your November and 2012 vote
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.
The information presented in this above e-mail is partially true. It is however misleading because the specifics of the provision are left out. Thus leading people to believe the 3.8% tax applies to ALL home sales.
Please visit the following links for additional information:
Just putting the information in it's proper context.
Rational Nation's position is that the 3.8% tax on the sale of your home, regardless of your home's selling price or your economic standing is both ludicrous and without ethical justification. Just another indication of the progressives march to redistribute wealth by arbitrary means. Another example of Obama's class warfare. But the President has been lacking in ethical justification for some time now.