And now this

Sorta goes with the budget thing.

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. Just thought you should know.

SALES TAX TO GO INTO EFFECT 2013 (Part of Health Care Bill)

REAL ESTATE SALES TAX

So, this is "change you can believe in"?

Under the new health care bill - did you know that all real estate transactions will be subject to a 3.8% Sales Tax? The bulk of these new taxes don't kick in until 2013 if you sell your $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 stuff make your November and 2012 vote more important?

Oh, you weren't aware this was in the Obama Care bill? Guess what, you aren't alone. There are more than a few members of Congress that aren't aware of it either.


http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home

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Originally Posted by Mtn.man

This bill is set to screw the retiring generation who often downsize their homes. Does this stuff make your November and 2012 vote more important?

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That may have been the intention, but it will just bring all home sales to a grinding halt, the only ones that will sell will be forced sales...

watch the rental market get hammered as more and more put their hoses up for rent rather than sell them & lose money to the tax.

Curious how this will impact pending lawsuits regarding Obamacare.
How much more evidence do we need that this entire bill should be repealed?
20 percent of the waivers are in Pelosi's district.

This entire administration is despicable.

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Originally Posted by BPTactical

Curious how this will impact pending lawsuits regarding Obamacare.
How much more evidence do we need that this entire bill should be repealed?

This entire administration is despicable.

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Bills go in with totally unrelated spending/tax stuff in them all the time.

This was probably just part of the effort to get the CBO scoring to declare obamacare a deficeit cutter.

Its unconstituional, for sure, but so are a bunch of other laws that have passed supreme court muster. So I dunno.

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Originally Posted by Pancho Villa

Bills go in with totally unrelated spending/tax stuff in them all the time.

This was probably just part of the effort to get the CBO scoring to declare obamacare a deficeit cutter.

Its unconstituional, for sure, but so are a bunch of other laws that have passed supreme court muster. So I dunno.

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So that makes it ok?
I see a post full of BS excuses from somebody that's shown previous disregard for our Constitution on more than one occasion.

http://2.bp.blogspot.com/_wejv1U_qr2...+Likes+You.png

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Originally Posted by Mtn.man

Does this stuff make your November and 2012 vote more important?

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Considering the GOP is not a damn bit better, not really. I will continue to not vote for either party.

The Democrats may have never seen a tax they didn't like, but the GOP isn't exactly known to repeal taxes.

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Originally Posted by Ridge

Considering the GOP is not a damn bit better, not really. I will continue to not vote for either party.

The Democrats may have never seen a tax they didn't like, but the GOP isn't exactly known to repeal taxes.

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Hence why I "waste" my vote by voting libertarian. Sure I may not win, but at least I didnt actively contribute to corruption and the taking of my freedoms like the rest of the sheeple.

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Originally Posted by stevelkinevil

Hence why I "waste" my vote by voting libertarian. Sure I may not win, but at least I didnt actively contribute to corruption and the taking of my freedoms like the rest of the sheeple.

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Can you count to 51?

Unbelievable, once again the working middle class will take it in the shorts....

Sometimes I wonder if it'd be better if I was poor instead of a working stiff...

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Originally Posted by XJ

Can you count to 51?

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What?

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Originally Posted by AR_ART

Sometimes I wonder if it'd be better if I was poor instead of a working stiff...

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I'm bofem. A poor working stiff.
Still pretty much sucks.................[Beer]

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Originally Posted by AR_ART

Unbelievable, once again the working middle class will take it in the shorts....

Sometimes I wonder if it'd be better if I was poor instead of a working stiff...

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You'd probably make more money without a job, given all the various programs out there to enable you to spend the money that I work for (that's a collective "I," not actually talking about me, I've been unemployed looking for a job for months and haven't even considered applying for unemployment checks or food stamps or any of that crap)

This one just smelled from the get go so I went to Snopes.

http://www.snopes.com/politics/taxes/realestate.asp

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This is a complicated section of a complicated piece of legislation, and the 3.8% Medicare tax has been frequently misreported as amounting to a 3.8% "sales tax" on all real estate transactions. This is incorrect: the Medicare tax is not a sales tax, nor does it apply to all real estate transactions; it is a tax on investment income (income which may or not derive from the sale of property) for persons who earn more than the amounts specified in the bill: As Sara Orrange, Government affairs director of the Spokane Association of Realtors noted in http://www.spokesman.com/stories/2010/apr/03/home-sales-tax-clarified/ to a repetition of the "sales tax" rumor in the Spokane Spokesman-Review:


In his recent guest column regarding the impact of the health care bill, Paul Guppy of the Washington Policy Center claimed that a 3.8 percent tax on all home sales was a part of the recently passed legislation. This is inaccurate and needs to be corrected. The truth about the bill is that if you sell your home for a profit above the capital gains threshold of $250,000 per individual or $500,000 per couple then you would be required to pay the additional 3.8 percent tax on any gain realized over this threshold.

Most people who sell their homes will not be impacted by these new regulations. This is not a new tax on every seller, and that correction needs to be made. This tax is aimed at so-called "high earners"; if you do not fall into that category you will not pay any extra taxes upon the sale of your home.

(In other words, a couple who sold their home would be subject to the 3.8% tax only if they made a profit of at least $500,000 on the sale, and the tax would apply only to the portion of that profit in excess of $500,000.)

The referenced tax is therefore not a tax on all real estate sales; it is an investment income tax which <U>could</U> result in a very small percentage of home sellers paying additional taxes on home sales profits over a designated threshold amount. In short, if you're a "high earner" and you sell your home at a substantial profit, you might be required to pay an additional 3.8% tax. However, given that the existing home sale capital gains exclusion on a principal residence ($250,000 allowable gain for individuals, or $500,000 for couples)

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Don't worry, its just some "redistribution".
Nothing to see here, please keep moving...............

while I do not agree with Much of what Obama has done/will do. I dont think saddling him with an inaccuracy is helpful to anyone.

Yes, you would pay the 15 grand in taxes on your home sale... if you made a 900K profit on it.

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a couple who sold their home would be subject to the 3.8% tax only if they made a profit of at least $500,000 on the sale, and the tax would apply only to the portion of that profit in excess of $500,000.

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What's with all the legislation to keep people from making money?

Because we should all be the same, have the same, make the same, live the same, ya know like liberals. or welfare peeps.

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Originally Posted by Ridge

Considering the GOP is not a damn bit better, not really. I will continue to not vote for either party.

The Democrats may have never seen a tax they didn't like, but the GOP isn't exactly known to repeal taxes.

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Your not a very smart guy if truly believe this. Ignorant comes to mind too. I have never bashed anyone on a forum but.... Sounds like you have been brain washed by the liberal media. Quit watching Oprah!!!!!!

doesn't matter, rapture is tomorrow. we won't even know it![ROFL1]

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Originally Posted by 4gunfun

Your not a very smart guy if truly believe this. Ignorant comes to mind too. I have never bashed anyone on a forum but.... Sounds like you have been brain washed by the liberal media. Quit watching Oprah!!!!!!

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Ohh hold the fuck up yo...


I know you ain't bashing on my Girl Oprah!

[ROFL1]

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Originally Posted by Byte Stryke

Ohh hold the fuck up yo...


I know you ain't bashing on my Girl Oprah!

[ROFL1]

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Why do I see your head going from side to side with your finger waving at me? [Coffee]

Oprah - really? I watch the view, afterall 4 opinions confirming what Oprah said cannot be argued against.

I can count to 51.
I don't "not" vote, because that is a vote for the current bullshit to remain in place. If you want to make a difference vote to remove the idiot. A "not" vote is nothing more than a tacit agreement that you stand for nothing and ultimately agree to the current political views.

How many people voted agaisnt Bush - Horsehit, he wasn't even on the ballot. Get some balls and stand for something.

Ask yourself if you have any constitution - then tell yourself to believe in the Constitution.

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Originally Posted by legaleagle

A "not" vote is nothing more than a tacit agreement that you stand for nothing and ultimately agree to the current political views.

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+1

When neither candidate is a good choice, you vote for the one that's the least bad, and next time do the same if the other candidate is not as bad as the current pres, and eventually you'll have something tolerable. Voting for a third party of any kind, especially when you know there's no chance they'll actually win, is no different than not voting at all and just as pathetic if you're a legal citizen with a responsibility to vote.

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Originally Posted by XJ

Can you count to 51?

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Funny guy. The fact is I will vote my conscience and vote for personal liberty and actual freedom. Meanwhile you keep on voting for the same crooks in the same 2 partys that have led us down this rosy path. Both sides steal from you in one way or another and both continue to legislate morality as they see it. So feel free to jump in that booth and push Dem or Rep buttons and get sheered like a good sheeple. I may get sheared along with the rest of you but I wont do it willingly. I will vote, but I will vote Libertarian every time.

Quote:

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Originally Posted by 4gunfun

Your not a very smart guy if truly believe this. Ignorant comes to mind too. I have never bashed anyone on a forum but.... Sounds like you have been brain washed by the liberal media. Quit watching Oprah!!!!!!

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Bush was a damn sight better than Obama, but he still helped to ruin this country financially with bad legislation, going to a righteous war and a bullshit war without a way to fund either, and took away our freedoms by signing legislation like the Patriot Act.

I saw a bumper sticker the other day that summed up politics since a few years after Reagan (really Clinton-GW Bush):

Democrat, Republican: same shit, different piles

I'm sure we can come up with other ones- something about getting screwed, just different positions....
GOP website says one thing, Snopes says another- I don't have time to read the whole bill/law to find out who's right...

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Originally Posted by 2ndChildhood

This one just smelled from the get go so I went to Snopes.

http://www.snopes.com/politics/taxes/realestate.asp

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I <3 Snopes

H.