Tuesday, June 19, 2012

Change: Obamacare 3.8% tax on home sales

Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it? That's $3,800 on a $100,000 home, etc. When did this happen? It's in the health care bill and goes into effect in 2013. Why 2013? Could it be to come to light AFTER the 2012 elections? So, this is "change you can believe in"? Under the new health care bill all real estate transactions will be subject to a 3.8% Sales Tax.If you sell a $400,000 home, there will be a $15,200 tax. This bill is set to screw the retiring... (and everyone else!)
ObamaCare Home Tax? Are You In The CFR? And Other "Ask Fred" Replies
Thank you to everyone who has submitted an "Ask Fred" question. I have very much enjoyed the exchange of ideas. Here are a few of my responses.


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