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ObamaCare Flatlines: ObamaCare Taxes Home Sales - Clobbers Middle-Class Americans
GOP.Gov ^ | GOP.GOV

Posted on 09/25/2010 8:54:04 PM PDT by NavyCanDo

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To: no-to-illegals

All of this must be repealed. It must not stand.


81 posted on 09/26/2010 5:10:58 AM PDT by Shady (We will NOT capitulate to the Caliphate.)
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To: FlingWingFlyer
Ya gotta pass it to find out what’s in it!
82 posted on 09/26/2010 5:16:22 AM PDT by sonofagun (Some think my cynicism grows with age. I like to think of it as wisdom!)
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To: xzins; All
That’s 3800 bucks on a 100,000 dollar house with absolutely no recourse. It will hurt sales, inflate prices, and deaden markets. Our government is full of idiots who can only think of getting more money. They’re in the process of killing the goose.

The Obamaton's are doing something sneaky that I see that is true Marxism, in Healthcare, The Fianancial Industry, this in Real-Estate, Insurance via Health Care....

They are destroying peoples "margins", i.e. margins of profit. Profit is a bad word, i.e. Michelle screeding to go work for no-profits.

You can't have a middle class when you are working for nothing in these careers that are time intensive and require relationships to get the sale.

Who will bear the burden of this? the Realtors, many will get out IMHO another group to go Galt....

83 posted on 09/26/2010 5:27:47 AM PDT by taildragger ((Palin / Mulally 2012 ))
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To: nmh
All this will do it jack up home prices and make owning a home more out of reach for the middle class.

Owning a home? Thanks to Obama spending our children's future, the only people who will be able to own a home will be the nomenclatura in Washington DC.

Our children and grandchildren will be living in Soviet-style apartments.




84 posted on 09/26/2010 5:28:10 AM PDT by COBOL2Java (Obama is the least qualified guy in whatever room he walks into.)
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To: xzins
That’s 3800 bucks on a 100,000 dollar house with absolutely no recourse.

Not quite. According to this article on Fact Check, A 3.8 Percent “Sales Tax” on Your Home? , I think this is how it works. If you are single, have an income of $200K, then you will be taxed 3.8% on any profit over $250K when you sell your home. For married couples that make $250K, they will be taxed 3.8% on any home sales profit over $500K. There is no exclusion, though if you sell a vacation home or rental property.

It still stinks.
85 posted on 09/26/2010 5:38:52 AM PDT by Girlene
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To: taildragger

I agree.

My brother was an independent mortgage broker who did 50 or so million dollars of gross business a year. Employed with benefits about a dozen people. But an “angry, anti-capitalist” government changed the rules that drove just about all independents out of business.

His answer. He sold that business and opened another tha had the least government interaction and controls he could find. Simple retail. He’s the only family supported by it, so they threw away a dozen jobs with benefits. He’s built it up to a fine living for his family, but if it keeps going he’s going to have to employ some folks. He doesn’t want to because it will get the government involved.

They’ve forced Galt to act on the value of personal independence.


86 posted on 09/26/2010 5:45:36 AM PDT by xzins (Retired Army Chaplain and proud of it. Those who truly support our troops pray for their victory!)
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To: Girlene

Good info, Girl. Thanks.

See #86


87 posted on 09/26/2010 5:46:57 AM PDT by xzins (Retired Army Chaplain and proud of it. Those who truly support our troops pray for their victory!)
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To: heiss
this is bs. House sales gains at least up to 500k for mfj are not subject to any obamacare tax. No need to make up things.

What is mfj? Can you cite the part of the obamacare law that deals with this? Thanks!

88 posted on 09/26/2010 5:48:12 AM PDT by thethirddegree
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To: FlingWingFlyer

““Ya gotta pass it to find out what’s in it!” - Nazi Polizei”

That line should be used extensively by Carly Fiorina in the Senate race


89 posted on 09/26/2010 5:51:58 AM PDT by HereInTheHeartland
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To: COBOL2Java

With 3 or 4 families to an appartment. But that is what the majority of people who voted, voted for. Well....not exactly,they foted for freebies, as long as someone else was having to pay they did not give a damn.

I would want to be able to say that they learned a lesson, but, if they were stupid enough to vote for obama and Democrats, they lack the ability to form independent thoughts. All their actions, such as voiding body wastes, eating , sleeping, are instinctive. They lack the intelligence to know to get in out of the rain.


90 posted on 09/26/2010 6:00:27 AM PDT by sport
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To: celtic gal
Raise them up in the way they should go and when they are old, they shall not depart from it...
91 posted on 09/26/2010 6:01:38 AM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: NavyCanDo

92 posted on 09/26/2010 6:02:18 AM PDT by epithermal
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To: SumProVita
I still hold that ObamaCare was designed as a Euthanasia program to kill off the Baby Boom in a half-baked attempt to save what is left of the Social Security System. The system cannot withstand the demographics. So... stay healthy or die...
93 posted on 09/26/2010 6:05:47 AM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: FlyVet

The ones that wrote, voted for, and signed this bill into law knew full well that increasing costs would reduce costs. It was and is control over the peasantry that was one of their goals. That and elimenating a one growing segment of the population.[To Wit]The elderly ,infirm, and what their heroes reerred to as “useless eaters”.

No, you can call the authors of obama care a lot of things, but stuipd and idiots are not among them.

However, “stupid” and “idiots” are perfect adjectives for those who voted to elect the politicans that put obama care into effect.


94 posted on 09/26/2010 6:10:54 AM PDT by sport
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To: no-to-illegals

We weren’t. We knew. obama and Democrat voters may have been lied to,but,everyone who was not an obama voter or sympthizer was under no illusions about obamacare.


95 posted on 09/26/2010 6:15:00 AM PDT by sport
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To: nmh

Health law’s heavy impact by Paul Guppy
http://www.spokesman.com/stories/2010/mar/28/health-laws-heavy-impact/


96 posted on 09/26/2010 6:20:01 AM PDT by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, retired Military, disabled & Seniors)
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To: FlingWingFlyer

They will have the bodies. They will be Affirmative Action individuals that don’t know a dog’s ass from a wagon wheel,but, they will have the title “MD”.


97 posted on 09/26/2010 6:20:37 AM PDT by sport
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To: nmh

Between Mr. Guppy’s article and these 3 articles is a HUGE amount of ammo to use against the marxist.

Print it, hand it out, or email it out.

How ObamaCare Guts Medicare
http://online.wsj.com/article/SB10001424052748703649004575437311393854940.html?mod=WSJ_Opinion_LEFTTopOpinion

Monthly premiums to rise for 7 of top 10 Medicare prescription plans in 2011
http://www.washingtonexaminer.com/politics/ap/monthly-premiums-to-rise-for-7-of-top-10-medicare-prescription-plans-in-2011

Seniors* coverage options dwindle as Medicare Advantage programs close shop
http://www.dallasnews.com/sharedcontent/dws/bus/stories/DN-advantage_22bus.ART.State.Edition1.3c912a9.html


98 posted on 09/26/2010 6:22:52 AM PDT by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, retired Military, disabled & Seniors)
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To: NavyCanDo

No worries. If you sell your house at a profit and there’s NO chance of that happening....


99 posted on 09/26/2010 6:25:41 AM PDT by misterrob (Thug Life....now showing at a White House near you....)
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To: Rocky
hat's what it says on Snopes, but in this case, Snopes is wrong. It's mfj of 250K, not 500K, which you can read for yourself earlier in the same Snopes article. The mistake they made was applying the 250K to both husband and wife, which is not the way the law is worded.

I think you should cite the law in question, and explain your interpretation.

I did a quick search for "capital gains exclusion primary residence", and everyone of them says that it is $500,000 for a married couple filing jointly.

http://www.bankrate.com/finance/real-estate/capital-gains-home-sale-tax-break-a-boon-for-owners-1.aspx
http://taxes.about.com/od/capitalgains/qt/home_sale_tax2.htm
http://www.irs.gov/publications/p523/ar02.html#en_US_publink1000200711

100 posted on 09/26/2010 6:29:18 AM PDT by justlurking (The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
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