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.
Posted on 09/25/2010 8:54:04 PM PDT by NavyCanDo
“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes,” President Obama, September 12, 2008
Beginning January 1, 2013, ObamaCare imposes a 3.8% Medicare tax on unearned income, including the sale of single family homes, townhouses, co-ops, condominiums, and even rental income.
In February 2010, 5.02 million homes were sold, according to the National Association of Realtors. On any given day, the sale of a house, townhome, condominium, co-op, or income from a rental property can push middle-income families over the $250,000 threshold and slam them with a new tax they can’t afford.
This new ObamaCare tax is the first time the government will apply a 3.8 percent tax on unearned income. This new tax on home sales and unearned income and other Medicare taxes raise taxes more than $210 billion to pay for ObamaCare. The National Association of Realtors called this new Medicare tax on unearned income “destructive” and “ill-advised” and warned it would hurt job creation.
All of this must be repealed. It must not stand.
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....
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.
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.
Good info, Girl. Thanks.
See #86
What is mfj? Can you cite the part of the obamacare law that deals with this? Thanks!
““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
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.
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.
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.
Health law’s heavy impact by Paul Guppy
http://www.spokesman.com/stories/2010/mar/28/health-laws-heavy-impact/
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”.
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
No worries. If you sell your house at a profit and there’s NO chance of that happening....
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
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