[YankeeReb]

I apologize if this has been posted already but it didn't come up in the search and anyway it's something every homeowner, buyer and seller needs to know!!!

[libertarian27]

... or income from a rental property....

It's something that renters need to know too....the middle to lower middle class that aren't poor enough to get section-8

When the landlords expenses go up 3.8% - guess what? - rent needs to go up at least 3.8%

[Menehune56]

The whole concept of “unearned income” gets me every time I hear it. Pure marxism.

[Menehune56]

The whole concept of “unearned income” gets me every time I hear it. Pure marxism.

[tpmintx]

If my home went up in value, it is not because the home is more valuable or more desirable, it is because the dollars used to buy the home have LESS value today then they did when I bought the place.

As a matter of fact, in terms of ounces of gold, my home has substantially LOST value in the last 18 years.

Don’t tax me on inflation, bro!

[newheart]

...tax on unearned income “destructive” and “ill-advised” and warned it would hurt job creation.

In Obamaland, those are intended results, not side-effects.

[TheCPA]

On the sale of a principal residence, this additional 3.8 percent Medicare tax applies only after the application of the exclusion of gain available under Section 121. If a taxpayer meets the requirements, up to $250,000 of gain is still excluded from gross income, and it is $500,000 for a married couple filing a joint return. In addition, the 3.8 percent additional Medicare tax will not apply to most people. It applies only to people with higher incomes compared to most people. It is a tax increase on the investment income of upper income people and will hurt the economy. However, it will NOT have a direct effect on most people. There are wild rumors going around the Internet that this additional tax is a sales tax on the sale of homes. This is absolutely NOT true.

[wfu_deacons]

I don’t know why no one points out that one of the first laws Obama signed was the expansion of SCHIP which more than doubled cigarette taxes. I would hazard to guess that most of the burden fell on persons making less than $200,000. Smokers just aren’t a sympathetic group.

[wfu_deacons]

I don’t know why no one points out that one of the first laws Obama signed was the expansion of SCHIP which more than doubled cigarette taxes. I would hazard to guess that most of the burden fell on persons making less than $200,000. Smokers just aren’t a sympathetic group.

[Intolerant in NJ]

...Medicare tax on unearned income of “high-income”...apparently if you haven't been slinging a shovel or pounding with a hammer whatever you make in compensation for your efforts is "unearned" - as though it doesn't take plenty of effort to monitor investments, understand the markets you're in, and plan effectively the buying and selling of your assets to make a profit and avoid a wipeout - but then the effort it takes is mental in nature and demands intelligence rather than simple brute force, not something the 'rats, who play to the dumbest and least informed of the nation, want to reward.......