Posted on 04/29/2010 7:17:22 AM PDT by GailA
holy smokes
I would love to see additional confirmation of this. If this is true, it will kill the housing market, once and for all. There will be no recovery.
People keep digging and finding new taxes in that sucker.
http://www.washingtonpolicy.org contact them see what they are saying.
Heh. Wait till the “limousine liberals” get a whiff of THIS next time they sell their “country house”.
There's going to be another "tax" on housing sales. If everyone tries to sell between now and the end of the year, the prices of homes will be further depressed and sellers will not only have the loss due to tax but a true loss in sales price.
Maybe waiting a year, house values might go back up a bit and cancel some of the tax hit. Who knows, though?
Still bad enough. It'll really hit retirees who seek to downsize or sell a home they've long since paid for.
http://www.freerepublic.com/focus/bloggers/2478380/posts
http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home
http://www.cprights.org/2010/04/obamacare-taxes-home-sales.php
http://localhealthguideonline.com/view-obamacare-taxes-now-services-later/
Wrong. EVERYONE will lose their employer-provided coverage. Employers have a financial incentive to discontinue their plans and dump their employees on public coverage.
Every employee in this country is going to find out in the next few years, just what this socialist takeover means to them. New taxes will be the least of our problems.
How does limiting your Flexible Spending Account election to $2500 a year, disallowing over the counter medication from being eligible for FSA reimbursements, and increasing the threshold for medical write-offs from 7% to 10% on your Federal Income Tax actually decrease the cost of heath care for the average American?
Thanks for the links! I’ll follow them up.
I have told some of my still-supporting-Obama friends about this tax, and they did not believe me. This should help!
REPEAL this piece of statist crap!!
thanks to those in Wash state to those that helped elect the Zero. Here is your hope and change that you were promised
Unreal. The public is so stupid. Keep watching them NCAA ball games and reality TV.
This raises the price of the house by 3.8% when houses aren’t selling because people don’t qualify. This will not only affect the appraisal but the monthly payment as well.
Here’s another poke in the eye that’s coming soon. The current “rule” is the seller can pay all of the closing costs (4% on V.A. loans). That is being decreased to a total of $3,000 in June. June is also the last month the tax rebate will be paid. In Texas closing costs on a house priced at $150,000 will run around $6,000 including escrows. The FHA down payment will be around $5,250. As of now the seller can pay the closing costs so the buyer would need $5,250. Under the new rule a buyer would need $8,250 to purchase this house.
It appears to me islamabama is doing everything he can to completely destroy the housing market and to destroy the country.
I would really like more information about this. Is this 3.8% tax on “unearned income” essentially a capital gains tax or is it a tax on the gross sale price of the house? If it’s the latter, then that will kill the housing market stone cold dead. There are tons of people with negative equity in their house. They consider themselves lucky if they can short sale their house. Now, that would be a curse. If this is indeed the case, I would expect the amount of people walking away from their houses to skyrocket (to borrow a turn of phrase from Buraq).
In the HELLthControl Bill?
Well, as long as I don’t have to share my sister’s dentures...geez oh petes.
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