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[…] a brochure with more information on who is impacted and it is available on REALTOR.org and Steve Harney also has a very good explanation on his […]
[…] is not taxable under this law, nor are expenses that would directly impact the profit line. Here is a link to an explanation that seems fairly […]
[…] This post was mentioned on Twitter by Mark Brian, Team Diaz and Keith Goeringer, Justin Herring. Justin Herring said: RT Does Health Care Bill Contain 3.8% Home Sales Tax?: As the states and the new Congress renew the debate about… http://bit.ly/fmSe6B […]
In other words: yes. It contains a tax on home owners with good jobs in the middle class who sell and make a profit.
The way I read the explanation is that if you are married and file jointly have a $500,000 gain on your house and you make more than $250,000 in income you will pay capital gains on the profit of your sale after the $500,000 allowance. So if you are making $250,000 joint income and make over a $500,000 profit on your home,congratulations.Stop scaring seniors-they won’t be making that much!!
Another government sneek , dishonest slimmy game! What is an IRS tax issue doing buried in a health care bill? Explanation is not necessary, they are gutless sick slimballs!
“Explanations” are lost on cynics like you (people who blame the government for all that is wrong in life). By the way, you might want to check your spelling on “slimmy”, “slimballs”, and “gutless” ….
The people who will end up paying this modest (at least for them) are all doing quite well! (far better than the government is doing) … they can afford to chip in a small percentage of their income to help pay for people who are far less fortunate …
“they can afford to chip in a small percentage of their income to help pay for people who are far less fortunate …”
I am one of “they”! I should pay for someone elses stuff??? The percentage does not matter. That I would be forced to pay, is the issue. And what IS a sales tax of ANY kind, doing in the middle of a health care bill?? You can keep the ‘change’ this idiot promised us.
@Mattewn, you cannot be serious. You believe that those who make $200,000 are MIDDLE CLASS. Good grief, I made @50,000 last year, should I apply for food stamps?
what happened to my response?
@Matthew, do you seriously believe $200,000 is a middle class salary?
Jane, middle class income varies depending on where you live. In some major metropolitan areas on the east or west coast, $200,000 annual salary may qualify you to purchase a ‘middle class’ home or condominium.
Regardless of the dollar amount, taxing the ‘American Dream’ is leftist fascism.
What the hell does selling a home for a profit have to do with Health Care????????????
It’s very simple how to handle this….first …go to the polls and vote…..whoever is in office ….vote them out on every level of government…..no exceptions……it’s time these people in office WAKE UP……and have a little bit of common since
This would solve the problem
So, we are going to get a tax on house sales with a few ‘excepts’. So what else will some ‘demoncrats’ or any politician try next-tax for kids on any real property sales. How about all profits on any sales goes to the government? WHAT NEXT?????
Lets see, the Government who is forcing us all to buy something that we might or might not want (key word is force), then stealing from others (lets not sugar coat this, its stealing) from those that might have more than us in a nation that has the greatest opportunity’s in the world. Because they want to give someone that might have less, well I am sorry, stealing others peoples money no matter how you sugar coat it is still theft. This is classic socialism. No thanks.
If you make over $30,000 a year in this country, you are in the Worlds TOP 1% of wage earners. We all all rich!