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Hidden Real Estate Sales tax in Health care bill – Surprise!
Canada freepress ^ | September 14, 2010 | By Dr. Laurie Roth

Posted on 09/26/2010 9:29:18 AM PDT by opentalk

Hidden Real Estate Sales tax in Health care bill – Surprise!There are already at least 20 hidden taxes in the Obama Health care plan coming down upon us the next few years. So, along with rationed care for seniors and forced health insurance, we now find there is a Real Estate Tax snuck into the Health care plan. You may ask, what in God’s green earth does health care have to do with Real Estate taxes??? Absolutely nothing, that is precisely why one got snuck in there.

....I was forwarded this latest tax scheme by Van Hipp, President of American Defense International and the former Deputy Secretary of the Army under Bush senior and Ronald Reagan. He recommended the well known accountant and expert witness on tax matters, Paul Guppy who wrote a commentary on the various hidden taxes in the Spokesman Review paper, “Health Law’s Heavy impact.”

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.

Here we have another assault on our seniors again. Many downsize their homes as retirement comes closer, so along with long lines and rationed care that is substandard, seniors and anyone will have to pay more tax on the home they just sold.

(Excerpt) Read more at canadafreepress.com ...


TOPICS: Chit/Chat; Health/Medicine
KEYWORDS: obamacare; seniors; taxes
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1 posted on 09/26/2010 9:29:19 AM PDT by opentalk
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To: opentalk

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


2 posted on 09/26/2010 9:31:33 AM PDT by IrishCatholic (No local Communist or Socialist Party Chapter? Join the Democrats, it's the same thing!)
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To: opentalk

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.


3 posted on 09/26/2010 9:35:39 AM PDT by Carley (For those who fought for it, freedom has a flavor the protected will never know.)
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To: opentalk
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!

4 posted on 09/26/2010 9:36:38 AM PDT by avacado
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To: opentalk

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


5 posted on 09/26/2010 9:36:45 AM PDT by Flightdeck (TANSTAAFL!)
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To: opentalk

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.


6 posted on 09/26/2010 9:37:04 AM PDT by johniegrad
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To: opentalk
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.
7 posted on 09/26/2010 9:40:06 AM PDT by Bronzy
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To: opentalk

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?


8 posted on 09/26/2010 9:40:46 AM PDT by allmost
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To: opentalk

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


9 posted on 09/26/2010 9:42:09 AM PDT by SF_Redux
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To: opentalk
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?

10 posted on 09/26/2010 9:42:47 AM PDT by GoldenPup
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To: SeaDragon; TheGrimReaper

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


11 posted on 09/26/2010 9:45:00 AM PDT by RikaStrom (Pray for Obama - Psalm 109:8 "Let his days be few; and let another take his place of leadership.")
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To: avacado

Looks like it would hit govt workers bigtime! Bwahahahahahahahah!!!!!!!!!!! The usurper Dunham strikes again!


12 posted on 09/26/2010 9:45:05 AM PDT by biggredd1
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To: opentalk

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


13 posted on 09/26/2010 9:45:09 AM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: opentalk
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.

14 posted on 09/26/2010 9:50:22 AM PDT by EGPWS (Trust in God, question everyone else)
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To: opentalk; All

Does this link explain what it’s all about?

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


15 posted on 09/26/2010 9:51:52 AM PDT by GOYAKLA (Flush Congress in 2010 & 2012)
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To: opentalk
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.

16 posted on 09/26/2010 9:51:55 AM PDT by E. Pluribus Unum ("The only stable state is one in which all men are equal before the law." -- Aristotle)
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To: opentalk; All

Does this link explain what it’s all about?

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


17 posted on 09/26/2010 9:52:01 AM PDT by GOYAKLA (Flush Congress in 2010 & 2012)
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To: EGPWS

Does this apply to any profit, or just over the 250k exemption.


18 posted on 09/26/2010 9:54:54 AM PDT by GlockThe Vote
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To: avacado
It applies to people making over $200K/yr (married $250K/yr) and taxed on sales amounts over $250K ($500K for married couple)

The ATM (Alternative Minimum Tax) was only supposed to apply to "the rich" when it was passed as well.

Once inflation hits, EVERYBODY who owns a house will be subjected to it.

19 posted on 09/26/2010 9:55:49 AM PDT by E. Pluribus Unum ("The only stable state is one in which all men are equal before the law." -- Aristotle)
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To: opentalk
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.

20 posted on 09/26/2010 9:56:34 AM PDT by KarlInOhio (Gun control was originally to protect Klansmen from their victims. The basic reason hasn't changed.)
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