Posted on 09/25/2010 8:54:04 PM PDT by NavyCanDo
“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, including the sale of single family homes, townhouses, co-ops, condominiums, and even rental income.
In February 2010, 5.02 million homes were sold, according to the National Association of Realtors. On any given day, the sale of a house, townhome, condominium, co-op, or income from a rental property can push middle-income families over the $250,000 threshold and slam them 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.
A pledge to kill obamacare should be a requirement to being elected for ALL Congresscritters-!
That's what it says on Snopes, but in this case, Snopes is wrong. It's mfj of 250K, not 500K, which you can read for yourself earlier in the same Snopes article. The mistake they made was applying the 250K to both husband and wife, which is not the way the law is worded.
Note that Snopes is careful to attribute the erroneous example to someone else. It's as though they know it's wrong, but though they use it authoritatively to prove their point, they're shielded. It's not their fault.
Snopes is run by an extremely liberal couple.
Find later
Here’s is his goal.
Obama IN HIS OWN WORDS saying His Health Care Plan will ELIMINATE private insurance
http://www.youtube.com/watch?v=p-bY92mcOdk
Listen to the whole clip!
This should be interesting as companies EXPLAIN the INCREASED COSTS!
Obama’s Health Secretary Threatens Insurance Companies Who Question Obamacare
Rob Port • September 13, 2010
Obama’s Secretary of Health is threatening to lock insurers who criticize Obamacare out of the market by not approving their policies for sale.
But remember folks, Kent Conrad says this isn’t a government take over of health care.
...
Witness Kathleen Sebelius’s Thursday letter to America’s Health Insurance Plans, the industry trade group—a thuggish message even by her standards. The Health and Human Services secretary wrote that some insurers have been attributing part of their 2011 premium increases to ObamaCare and warned that “there will be zero tolerance for this type of misinformation and unjustified rate increases.”
Zero tolerance for expressing an opinion, or offering an explanation to policyholders? They’re more subtle than this in Caracas. …
This is nasty stuff and an obvious attempt to shift political blame for rising insurance costs before the election. It’s also an early sign of life under ObamaCare, when all health-care decisions are political and the bureaucrats decide who can charge how much for a service or product.
Remember that under Obamacare, the Secretary of Health is responsible for approving all health insurance policies offered for sale in the United States. So if you question the administration, they can simply tell you that you can’t sell your policies.
...
But if insurance companies try to communicate to their customers that their insurance rates are going up because health care costs are going up thanks to policies implemented by this administration…they’ll be punished by said administration.
...
Who is John Galt?
So every time Americans complain about our pitiful shortages in health care, our option will be to strip home owners of their more of their equity. So much for home ownership. It won’t ever be looked at as an investment again.
Another Obamacare Surprise - A Real Estate Tax?
http://www.redstate.com/reddog53/2010/09/14/another-obamacare-surprise-a-real-estate-tax/
“The Democrats in Congress have been caught in another grand theft through Obamacare.
This time, it’s taxing Real Estate transactions - starting in 2013 there is a 3.8% tax on all real estate sales effective in 2013 according to tax expert Paul Guppy in an article in Spokesman Review entitled “Health Law’s Heavy Impact.”
You were on this months ago...
Here is another article that claims pretty much confirms is, it’s not called a sales tax, “only” a “Medicare tax”, but it’s in there:
It Depends on What the Meaning of “Tax” Is
http://www.cato-at-liberty.org/it-depends-on-what-the-meaning-of-tax-is/
“The Health Care and Education Reconciliation Act of 2010, which President Obama signed into law March 30, is comprehensive and complex. Section 1402, “Unearned Income Medicare Contribution,” imposes a 3.8 percent tax on profits from the sale of real estate - residential or investment.”
Making medical devices more expensive drives up the cost for anyone visiting a doctor or needing said medical devices at home.
It is complete idiocy to think increasing costs will reduce costs. The geniuses are idiots.
ObamaCare: Taxes for everyone by Dick Morris
http://thehill.com/opinion/columnists/dick-morris/59853-obamacare-taxes-for-everyone
The Obama plan is a giant tax increase for much of the American people (not just the rich).
They are so stupid. People will find ways around it. They will just give a discount if the renters pay them in cash.
...yeah we knew this....
The foreign occupier's managed to make a grifter like Bill Clinton look like a statesman. /s
The country is broke. There's a cliff ahead and the Government train with Obama at the handle is running willy nilly straight for it.
Look out Zer0, the hope and change is a coming... and not from you.
But taxes aren’t going up! God, I truly HATE Democrats.
..so the next time a friend say's "I didn't know that"..ask them why their favorite newspaper or news channel didn't inform them. When they ask how you knew about it, tell them your not a lemming
are you trolling here .
In the case of duh'bumba, that wasn't sarcasm.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.