[IrishCatholic]

This should be on every TV station from the end of October through the election nationwide with a giant D across the screen.

[Carley]

NJ already imposed a sales tax on real estate. There is a small break for seniors but adding this tax onto the burden is larceny.

[avacado]

It applies to people making over $200K/yr (married $250K/yr) and taxed on sales amounts over $250K ($500K for married couple)

But still, it's a complete rip-off!

[Flightdeck]

Isn’t sales tax when you buy something? And the buyer is usually the one who pays closing costs unless otherwise negotiated, right?

[johniegrad]

This is not a health care bill, it is a tax bill and that’s why they didn’t want us to know anything about it.

[Bronzy]

We had to pass it to find out what was in it. This must be de-funded, repealed and done away with before we are all in the poorhouse without health care.

[allmost]

Haven’t read the bill. Hundreds of pages of reading through the iterations in the formative stages have left an extremely foul taste in my mouth. %3.8 addition on Real Estate is huge. Anyone know what part of the Bill it’s in?

[SF_Redux]

http://www.freerepublic.com/focus/f-news/2596356/posts

[GoldenPup]

Hidden Real Estate Sales tax in Health care bill – Surprise!

Really no surprise...what else would you expect from a bunch of lying, communist bastards?

[RikaStrom]

A sales tax on top of everything? Good lord, and why was this in the deathcare bill??

[KoRn]

It will be a seller’s cost that will be passed onto the home buyer via higher asking price.

[EGPWS]

Hidden Real Estate Sales tax in Health care bill – Surprise!

Well, now that it is passed somebody was able to read the bill to find out that it is nothing but a tax bill as expected by many.

[GOYAKLA]

Does this link explain what it’s all about?

http://www.snopes.com/politics/taxes/realestate.asp

[E. Pluribus Unum]

Cloward.

Piven.

Bring the system to its knees.

All this stuff is never intended to work. The last thing they want for it to do is succeed.

[GOYAKLA]

Does this link explain what it’s all about?

http://www.snopes.com/politics/taxes/realestate.asp

[KarlInOhio]

Starting in 2013, not only will you pay the closing costs and real estate fee when you sell your house but now you will pay a 3.8% Sales Tax. So, if you sell your home for $400,000, perhaps wanting to down size if you are a senior you will pay $15,200 in Tax.

Only if it is a house with no original cost (did you build it yourself out of scrap materials you salvaged?) and you didn't live in. The tax is on the capital gain, not the sale price, and there is a $250,000 exemption if you lived in the house (I forget the exact details of how long you have to live there). In other words any capital gain you already have to pay taxes on (including house sales) you have an additional 3.8% tax to pay.

[mirkwood]

[narses]

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[GailA]

[himno hero]

The housing tax? Its double taxation... those homes were typically bought and paid for out of tax paid dollars. Is the issue to tax someone on the increment in capital due to inflation? Well then to be fair, there should be refunds when the market goes backwards!

Greedy government bastards.