There is also a 3.8% Tax appllied to all real estate sales. Yes. Its in there. No one knows about it yet. Sell a 500K house= $19,000.
It's a little more complicated than that and not as onerous. But it does get the camels nose under the tent.Note it's on profits not on the gross sales price.
The 3.8% real estate sales tax only applies to single tax payers making more than $200,000 or joint taxer payers making more than $250,000 AND you wouldn't pay on the first $250,00 in profits for a single tax payer or $500,000 in profits for a joint tax payer.
Not to be fogotten:
Dr. David Janda explains rationing and why
http://www.youtube.com/watch?v=8HnkxIh62dQ&NR=1
Obamacare Endgame: Doctors Will be Fined or Jailed if they Put Patients First
by Dr. Elaina George
Ruin Your Health With the Obama Stimulus Plan
http://www.bloomberg.com/apps/news?pid=newsarchive&refer=columnist_mccaughey&sid=aLzfDxfbwhzs
Federal Coordinating Council for Comparative Effectiveness Research Membership
Recovery Act Allocates $1.1 Billion for Comparative Effectiveness Research
http://www.hhs.gov/recovery/programs/os/cerbios.html
OBAMACARE’S LETHAL THIRD RAIL SHOCK TO COME
The following is my understanding of the “3.8% Medicare Tax,” which goes into effect in 2013, and the revenues from which will go into the Medicare Trust Fund:
Tax on real estate transactions depends on your income and whether or not you are single or married and filing jointly. The tax doesn’t apply to the first $250K of UNEARNED income (which may or may not be from the sale of property) for individual taxpayers and $500K for married couples filing jointly. Since, most taxpayers make less than $200K per year and most home sales don’t clear profits exceeding $200K, the vast majority of Americans will not be subject to the tax.