ObamaCare Flatlines...Taxes Home Sales (4% Federal Tax on Houses)

GOP.gov ^ | 4/8/10

[Recovering_Democrat]

“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.

[Venturer]

Well I caught a lot of flack over the post I made in that thread, but I agree with you.

They haven’t done near enough to suit me in a fight against Obamacare.

[jayrunner]

Our tax system is based on voluntary complaince. A tax revolt would be a wonderful start to throwing the bums out. Don’t pay estimates. Claim 15 exemptions on your W-9. If you’re asked to explain the large amount, just say, “I have a lot of itemized deductions.”
Keep a mimimum amount of money in your bank accounts. Avoid transactions that require 1099’s.

[Ouderkirk]

Without reading it, I would bet that it would be 3.8% of the sale price.

[GregoryFul]

I am sad to say that I agree with you. Washington DC is full of damnable liars, crooks, and general self-serving thugs who couldn't care less about America, her people, or the Constitution (notwithstanding the (R) or (D) appendage). It is high time for the people to throw off this pestilent den of cretins, bring them to justice, and establish a new federal government to carry out the certain duties delegated to such officers as are chosen and sworn.

The people collectively have the prerogative to assemble and exercise such power.

[Whenifhow]

You can find this story at this link

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