[d2bernhard]

In regard to the real estate tax, I believed the language has been misinterpreted and subsequent arithmetic wildly incorrect. This accounting might be if interest to all the posters here who make more than $250 per year. For the rest of us this is not applicable.

http://www.factcheck.org/2010/04/a-38-percent-sales-tax-on-your-home/

[avacado]

You're right that a lot of incorrect information is going about this sales tax. But here's a question: do they consider the profit to be part of your income? And the income levels are not indexed to inflation so in about 10 years or so someone making $200K will be much more common.