RE: [metaphysics-672] 2012 REALTY TAX: HIDDEN IN THE NEW HEALTH CARE LAW

From: Martin
Sent on: Friday, November 25, 2011 1:20 PM

This IS BS:  http://www.snopes.com/politics/taxes/realestate.asp   The cites linked to the original e-mail below DO NOT in any way confirm the original e-mail. 

 

 

The long and the short of it is that you ONLY pay the tax if you make a $500,000 PROFIT on the sale of your home, and THEN you only pay the tax on the portion of that profit that is OVER that $500,000. 

 

So, if you sell your house for $100,000, you obviously DO NOT make a $500,000 profit.  THEREFORE, you DO NOT pay ANY of this tax.

 

Even if you sell your $300,000 house for $750,000, you DO NOT make a $500,000 profit.  THEREFORE, you DO NOT pay ANY of this tax.

 

AND EVEN IF you sell your $300,000 house for $1,000,000, you only pay this 3.8% tax (i.e. only $7,600) on the EXTRA $200,000 in profit you made over $500,000.  What you do NOT pay is 3.8% tax on $1million (i.e. $38,000 in taxes.)

 

I can live with this, as most people can.  To say that this tax will stress out “all” homeowners is just BS, unless you real goal is to needlessly scare people….

 

 


From: [address removed] [mailto:[address removed]] On Behalf Of Rosemary Toth
Sent: Friday, November 25, 2011 12:35 PM
To: [address removed]
Subject: RE: [metaphysics-672] 2012 REALTY TAX: HIDDEN IN THE NEW HEALTH CARE LAW

 

THIS IS NOT BS.  CHECK WITH YOUR LOCAL REALTOR.

 


From: [address removed] [mailto:[address removed]] On Behalf Of Diane
Sent: Friday, November 25, 2011 10:34 AM
To: [address removed]
Subject: RE: [metaphysics-672] 2012 REALTY TAX: HIDDEN IN THE NEW HEALTH CARE LAW

http://urbanlegends.about.com/od/government/a/Health-Care-Real-Estate-Tax.htm
This is basically bullshit.  See link above.


From: [address removed]
To: [address removed]
Subject: [metaphysics-672] 2012 REALTY TAX: HIDDEN IN THE NEW HEALTH CARE LAW
Date: Fri, 25 Nov[masked]:13:38 -0500

HERE'S A GOOD ONE FOR FACEBOOK AND TWITTER!  GET THE WORD OUT!  FAST!

 


Subject:   An Obama health care law benefit guaranteed to stress out all home owners.  

The National Association of Realtors is all over this and working to get it repealed, before it takes effect. But, I am very pleased we aren't the only ones who know about this ploy to steal billions from unsuspecting homeowners. How many Realtors do you think will vote Democratic in 2012?  

 

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 generation who often downsize their homes. Does this make your November and 2012 vote more important? Oh, you weren't aware this was in the Obamacare bill? Guess what, you aren't alone. There are more than a few members of Congress that aren't aware of it either.  

 

I hope you forward this to every single person in your address book. VOTERS NEED TO KNOW and your congressman too!  





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