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upthecreek
10-29-2012, 06:35 AM
If you are planning to sell your house,you better do it soon Here one they snuck in the ObamaCare bill:


ObamaCare Flatlines: ObamaCare Taxes Home Sales - Clobbers Middle-Class Americans
Posted April 8, 2010
“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes,”
President Obama, September 12, 2008

Beginning January 1, 2013, ObamaCare imposes a 3.8% Medicare tax on unearned income of “high-income” taxpayers which could apply to proceeds from the sale of single family homes, townhouses, co-ops, condominiums, and even rental income, depending on your individual circumstances and any capital gains tax exclusions. Importantly, the “high income” thresholds are not indexed for inflation so will reach increasing numbers of middle-class taxpayers over time.

In February 2010, 5.02 million homes were sold, according to the National Association of Realtors (NAR). On any given day, the sale of a house, townhome, condominium, co-op, or income from a rental property could slam middle-income families with a new tax they can’t afford.

This new ObamaCare tax is the first time the government will apply a 3.8 percent tax on unearned income. This new tax on home sales and unearned income and other Medicare taxes raise taxes more than $210 billion to pay for ObamaCare. The National Association of Realtors called this new Medicare tax on unearned income “destructive” and “ill-advised” and warned it would hurt job creation.

sammy the sage
10-29-2012, 08:11 AM
Took BOTH sides to pass it...supreme court was RIGHT all along....

Think it'll get appealed...don't hold your breath...when you give somebody MORE power...they don't give it back...no matter WHO wins...

iwearpurple
10-29-2012, 10:40 AM
Took BOTH sides to pass it...supreme court was RIGHT all along....

Think it'll get appealed...don't hold your breath...when you give somebody MORE power...they don't give it back...no matter WHO wins...

Name just one Republican who voted for Obama care.

Don't spend anytime researching this because there are no Republicans who voted for this bill.

dartman51
10-29-2012, 12:08 PM
Name just one Republican who voted for Obama care.

Don't spend anytime researching this because there are no Republicans who voted for this bill.

Unfortunately, there was one. Even though, in name only. Olympia Snowe. R/ME., often votes with Democrats. :ThmbDown:

boxcar
10-29-2012, 04:19 PM
Unfortunately, there was one. Even though, in name only. Olympia Snowe. R/ME., often votes with Democrats. :ThmbDown:

Well...there you go. It was truly a bipartisan effort. :D

Boxcar

MikeH
10-29-2012, 11:30 PM
The one Republican that "voted" for Obamacare was Chief Justice Roberts!

Stillriledup
10-30-2012, 01:39 AM
Name just one Republican who voted for Obama care.

Don't spend anytime researching this because there are no Republicans who voted for this bill.

Didnt Romney institute some kind of 'Romneycare' in Mass? Seems a little hypocritical of him, no?

PaceAdvantage
10-30-2012, 01:42 AM
Didnt Romney institute some kind of 'Romneycare' in Mass? Seems a little hypocritical of him, no?Did he? Are you sure about that? I'm having a tough time remembering right now...look into that, won't you? Report back when you can.

Stillriledup
10-30-2012, 01:44 AM
Did he? Are you sure about that? I'm having a tough time remembering right now...look into that, won't you? Report back when you can.
Dont know, that's why im asking. I heard the term 'romneycare' used at some point, im just not sure where i heard it and what it means.

newtothegame
10-30-2012, 02:02 AM
Dont know, that's why im asking. I heard the term 'romneycare' used at some point, im just not sure where i heard it and what it means.
Then it shouldnt be a problem finding......:lol:

JustRalph
10-30-2012, 02:37 AM
Didnt Romney institute some kind of 'Romneycare' in Mass? Seems a little hypocritical of him, no?

I know your just baiting. The difference is State vs Federal.

Two completely different issues. And no, I won't get sucked into this with you.

Stillriledup
10-30-2012, 02:39 AM
I know your just baiting. The difference is State vs Federal.

Two completely different issues. And no, I won't get sucked into this with you.

Not trying to bait, just trying to learn. You guys forgot more about politics than i would be able to learn in the next 10 years, i dont profess to be any kind of expert on this stuff, not trying to suck anyone in, sorry if that's the way it appeared.

johnhannibalsmith
10-30-2012, 02:57 AM
Not trying to bait...

:lol: :lol: :lol:

You're just pissed that you can't seem to drum up enough hostility in this forum. :lol:

Stillriledup
10-30-2012, 03:05 AM
:lol: :lol: :lol:

You're just pissed that you can't seem to drum up enough hostility in this forum. :lol:

If i cant drum up hostility, maybe i'm losing my touch! :D

ElKabong
10-30-2012, 07:49 PM
You lost it quite some time ago, actually.

Templar
10-30-2012, 08:08 PM
The Tax Foundation estimates this excludes 98 percent of U.S. households.

Even if you’re a member of these two percent, there’s not a sales tax on home sales. The tax is assessed only if you make more than $250,000 on the sale (or $500,000 for couples), and even then it applies only to the amount of profit over that limit.

Let’s say you and your spouse bought a house for $100,000 and sold it for a $1 million profit. If you make less than $250,000 a year, you won’t pay any additional tax. Let’s say you do make over that and sold it for a $500,000 profit, you still won’t pay the added tax, no matter what your income is.

cj's dad
10-30-2012, 08:27 PM
I know you're (FTFY) just baiting. The difference is State vs Federal.

Two completely different issues. And no, I won't get sucked into this with you.

The thing JR is that to bait someone, there has to be a good lure on the line.

This guys has nada. :sleeping:

Stillriledup
10-30-2012, 09:35 PM
You lost it quite some time ago, actually.

Well, alrighty then, that must mean i have to work hard to get it back, no?

ElKabong
10-30-2012, 11:03 PM
Well, alrighty then, that must mean i have to work hard to get it back, no?

Nah. I'll just have a cyberesque Danny Glover put a cyber bullet thru your forehead while saying "Diplomat Immunity.....DENIED".

PaceAdvantage
10-30-2012, 11:08 PM
Nah. I'll just have a cyberesque Danny Glover put a cyber bullet thru your forehead while saying "Diplomat Immunity.....DENIED".This has to be deleted...but first, I must correct you...

The correct line is:

"Diplomatic Immunity..."

BANG!

"It's just been revoked!"

ElKabong
10-30-2012, 11:13 PM
This has to be deleted...but first, I must correct you...

The correct line is:

"Diplomatic Immunity..."

BANG!

"It's just been revoked!"

Dang! :) 25 years since I saw it, the memory fades

PaceAdvantage
10-30-2012, 11:17 PM
Dang! :) 25 years since I saw it, the memory fadesIt was always (for some reason) one of those lines that just stuck with me over the years...

bigmack
10-30-2012, 11:28 PM
Danny Glover is a VERY confused man, and I have poof.

50IXNRiIuWg

fast4522
10-31-2012, 05:48 AM
A confused man he is not, the confusion is with the people. The socialist movement in this country needs celebrity's like Danny Glover as speakers to get out the vote for Barack Hussein Obama. There has to be something to fuel jobs and economic expansion, the part that Glover does not talk about. Everything is about the next wave of product or service that has to occur in this country before you can tax it. This is the confusion the socialist want so the people will vote favorable to them next out. Without innovation that leads to the next wave of product and services there will not be jobs and expanded tax revenue. If you tax those who innovate here, they will do it someplace else and jobs will also occur someplace else.