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Posted on 04/29/2010 7:17:22 AM PDT by GailA
I have a second home that is about near even or slightly under water. Maybe if I get lucky, I could make a few dollars, literally. If this is the case, I may as well just stop paying for it. (it is on the market now)
Say WA? Evergreen State ping “People keep digging and finding new taxes in that sucker”.
3.8% tax on the sale of your home.
24% increase on taxes for interest, annuities and royalties.
189% increase on taxes on dividends (15% to 43.4%)
59% increase on capital gains taxes.
The feds used the cover of “health care” to raise taxes astronomically during a depression.
And a vat tax is coming.
The wealthy can afford this tax but it is a big FU to the middle class !
I understand it’s a tax on “investment income”...i.e. 401K, IRA’s, ANNUITIES, homes, etc. It is NOT indexed for inflation, and it COULD affect rental income....and it is for those (RIGHT NOW) with incomes over $200K/$250K.
I feel a little bit better after reading this:
http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/
Seems like it, and I bet nearly every bill the dems pass has a hidden tax in it. Especially if it is a HUGH bill.
I believe in having several sources, especially if it happens to be in a lib or commie rag. When they start reporting it, then we know we are in deep doo, doo.
Even the commie rag Mother Jones like the lib Washington Comport reported the $523 Billion cut & gut of Medicare.
How many of those members of Congress who voted for this monstrosity are aware of this tax buried in its bowels? We should all be pounding the tables in our Congressional offices to get this tax repealed. I doubt the MSM media will report this or call out Obama on his lie not to increase taxes on the middle class.
No, the way I understand it is on gains of over that amount.
HA...and Social Security was going to be 1% on those with incomes over $1,000,000 in the 1940’s....right? I just don’t trust anything coming out of this administration...or Congress.
My daughter who works for a large company already got notice that starting in 2011 they will be showing the value of the health care they pay for on the W-2.
It’s bad any way you slice it.
This was never a real health care bill. NEVER! It is a power grab and taxes bill. They need money, LOTS of it, to pay for the rest of the agenda. The coup might actually be complete by 2010.
That's the point, everyone must live in Government housing in order
for the RATs to control how many times a day you can flush your toilet.
Neighborhood nannies are celebrating.
From one of the supposedly “wealthy” I cannot afford it. I already paid 6 figures in state and federal income tax last year. Now I will pay additional medicare tax and another big tax if I choose to sell my house and downsize once kids are out of college. What I paid in tax last year would nicely cover 4 years at a reasonable private college for one of my kids. But because I am “wealthy” I get no college write offs, loan programs etc, I just pay cash with what the government chooses to leave me.
Don’t get me wrong, no one is crying for me, nor do I expect them to. But I have worked hard for every penny the government is taking from me, and after taxes I am still living paycheck to paycheck. So be careful what you assume about the”wealthy”
How many of those members of Congress who voted for this monstrosity are aware of this tax buried in its bowels? “
I am beyond appalled at the fact that any member of Congress would vote for something they had not read & understood.
I am proposing that ANY member of Congress who votes for ANY bill or Revision of a bill who has NOT read every word & UNDERSTANDS every word of the bill be punished.
I propose a fine of $1,000,000 (ONE MILLION DOLLARS) for each and every vote of such nature, and a minimum of 5 (FIVE) years in prison for EACH such VOTE.
Fine is to be paid with person funds- not campaign funds or other donations.
Voters have a right to expect that their elected representatives & senators are prepared to read & understand what they are voting on in behalf of the American citizen.
Obviously, this isn’t happening.
I would propose said fines & imprisonment be doubled for the Speaker of the House and the Senate Leader, since Pelosi clearly stated “she would tell members what was in the bill AFTER they passed it”.
This behavior has to be stopped.
In light of the bills being passed by this session of Congress, I don’t feel that my proposals are burdensome to those 535 persons.
Probably the only one who wrote that portion. Send it VIRAL! Make sure some one you know in real estate knows about it.
That's my understanding, too.
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