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To: grundle
I just received an email stating that on January 1, 2013 there will be a 3.8% real estate tax an any home sold. Not sure if this true or not. Thank you Obamacare.
32 posted on 07/05/2012 9:51:20 AM PDT by Parley Baer
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To: Parley Baer

There are limits where this applies that most taxpayers wont reach. Unless you do really well on your home sale and have a high annual income of > $200,000. Only then will you pay 3.8% tax on the capital gain. (Your profit on the house)

Not many people have capital gains on their house anymore. The 3.8% applies to rents and other income from some investments if you have a annual income > $200,000.


35 posted on 07/05/2012 10:01:14 AM PDT by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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