It made the rounds in 2010. Now it's been given a nasty "election 2012" update...
Tonight I got this from my sweet senior citizen (and dem voter) avon lady...
When does your home become part of your health care? After 2012! HOME SALES TAXfortunately, my neighbor does not use the bcc, so i was able to respond to EVERYONE she forwarded it too...(below the fold)
I thought you might find this interesting, -- maybe even SICKENING!
The National Association of Realtors is all over this and working to get it repealed, -- before it takes effect.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 take billions from unsuspecting homeowners.
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 it goes into effect in 2013. Why 2013? Could it be so that it doesn’t come to light until 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 catch the retiring generation, -- who often downsize their homes.
Does this make your November, 2012 vote more important?
Oh, you weren't aware that this was in the ObamaCare bill? Guess what; you aren't alone! There are more than a few members of Congress that weren't aware of it either.
You can check this out for yourself at:
I hope you forward this to every single person in your address book.
VOTERS NEED TO KNOW.
my (fast and furious) response:
Is your home, in this market, worth MORE than half a million dollars?Now, I only hope my nice neighbor will forward it to the jerks who sent it TO her.
(or 250k if you are single, like i am.)...
sadly, I'm safe (as is everyone i know) from this terrifying tax.
Q: Does the new health care law impose a 3.8 percent tax on profits from selling your home?
A: No, with very few exceptions. The first $250,000 in profit from the sale of a personal residence won’t be taxed, or the first $500,000 in the case of a married couple. The tax falls on relatively few — those with high incomes from other sources.
Annenberg Public Policy Center -- A NONPARTISAN institute.
and by the way, this tax not only doesn't apply AT ALL unless you're house is worth more than half a mil, but even for the rich, the first half a mil is tax-free. so the very rich might pay a small tax on any amount ABOVE AND BEYOND that first half a million they got..
somehow....that's not going to keep me up nights.
so your first 250k-500k earned from a house sale is tax free -- totally safe! wow, what a relief....
would love for someone to pay me anything close to that for my adorable little starter ranch home. if i get it -- i'll gladly pay it!!
when you know the facts, the health care bills is less evil, despite the hysterical emails that go around.
by the way, folks, i'm a real person, a neighbor of pat's, and i have endometriosis....and for years, my insurance company would not cover my birth control pills, necessary to keep all that "gunk" from building up again (and requiring expensive surgery).
This week, I just got a letter from my insurer.
now, thanks to the aca (affordable care act) as of aug. 1, my birth control, which used to cost 30 bucks a month even when i was earning next to nothing, freelancing, is >free<.
as it is for all women who are insured.
finally, i am getting something for the insurance i've paid for for >decades<...
thank you, "obamacare"!
just got an email from my avon lady, after i sent my reply PLUS your update info that says how the tax is on 250-500K PROFIT: here it is.
thank you for replying to that email. Interesting - I will let everybody know.hope she does. :-}