Posted on 05/13/2010 3:47:46 AM PDT by quesney
Gotta love socialism.
bttt
Just now figuring this one out? I wonder how many others have yet to stumble across this “you’re-taxes-won’t-go-up-one-single-dime” tax.
Very real and all of this has been known for some time now.
The beneficiaries? The federal government both by taxation and unimpeded growth.
Obama is a disgusting piece of garbage.
This needs to be publicized every day by the GOP. It is indeed unreal and will be a real burden for many, many people.
Again (and again, and again, etc.).....
the founders of this country took up arms and fought against Britain for much, MUCH LESS than what we have already put up with. I have been forced to come to the conclusion that we must indeed now be a nation of pu$$ies.
What this administration and the DemocRats have done goes far beyond mere ‘taxation without representation’. It is out and out treason against the nation and tyranny against all Americans (except Muslims, of course).
The silence from most Americans, except for the occasional Tea party rally, is deafening....while the muffled lamestream media refuses to report anything negative at all about their “”messiah””. It’s absolutely surreal.
The original article was published on March 28, 2010. Not exactly “breaking news.”
More like serfdom. You have to pay the king to leave his tax farm.
My understanding this is only on capital gains on over 250k. (bad enough but still...) Anyone know if this is the case or if it is ANY real estate transaction?
“The original article was published on March 28, 2010. Not exactly breaking news.
I’m guessing it’s breaking news to most of the people who read this, including me. The media has been absolutely CRIMINAL in not reporting this before the bill was passed and, in most cases, since then.
The only things people need to know is any federal version of Obamacare is unconstitutional since Article 1 Section 8 does not specifically grant Congress the power to regulate health care! The people are not bound to comply with any unconstitutional act. The people are the government, not Congress, not the White House and not SCOTUS! They operate only at the consent of the governed! The people do not consent to having this unconstitutional socialism shoved down their throats!
Today is starts at 250,000 but like all taxes the will drop the rate down to any home sale where there is a provite. Just wait for the money grab.
March 28, 2010 is breaking news?
It'll kill retirees. What is now the incentive to pay off a house? Your best bet is to cash out any equity and die before the payment comes due.
You can tell a lot of lies in 2800 pages.
Assuming you are married, for the tax to apply, you would have to make over $250,000 and your gain on the sale of your primary residence would need to be greater than $500,000. You'd pay 3.8% on any amount greater than $500k.
My understanding is that there is not a $500,000 credit on the sale of homes that are not your primary residence.
In the sale of your primary residence, this will apply to virtually no one. This is essentially an extra tax on those who own second homes or rental properties.
“March 28, 2010 is breaking news?”
see comment above
I am trying to sell a second home now.
Who thinks Republicans will actually repeal this disaster???
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