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ObamaCare Flatlines...Taxes Home Sales (4% Federal Tax on Houses)
GOP.gov ^ | 4/8/10

Posted on 12/20/2011 1:24:23 PM PST by 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.

(Excerpt) Read more at gop.gov ...


TOPICS: Breaking News; Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: bhoeconomy; bhofascism; bhohealthcare; bhosocialism; bloodoftyrants; commiecare; democratcorruption; democrats; economy; elections; fedgov; fedzilla; fubo; govtabuse; healthcare; homes; hopeychangey; housing; liberalfascism; liberals; nobama2012; nodemocrats2012; obama; obamacare; obamatruthfile; socialism; socialisthealthcare; taxcheatparty; taxes; tyranny
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To: listenhillary

What a relief! Thanks to Obama nobody needs to worry about a profit on the sale of their house. He helped us avoid taxation. Isn’t he just the best?! /s


51 posted on 12/20/2011 8:10:15 PM PST by Mom MD (The country needs Obamacare like Nancy Pelosi needs a Halloween mask)
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To: Mom MD

Well it does apply to capital gains in general I think, so if you didn’t make money on your house or rental income, they’ll get you one way or another.

Don’t get me started on the special category of capital gains on gold sales at 28%.


52 posted on 12/20/2011 8:25:01 PM PST by listenhillary (Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
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To: Fresh Wind

My premiums have gone up about 300% and my out of pocket expenses for medical (co-pays) at least doubled. My yearly deductible went up >8X and my coverage is less. My prescription benefit is a smaller formulary at one national chain pharmacy 90 day supply only for “maintenance” meds, or mail order. I believe that changes to mail order only in 2012, which is really bad for my migraine meds (those happen to be liquid - nasal spray). Frozen in the winter and cooked in the summer... yeah, great idea!

This is a >30K employee company BTW...


53 posted on 12/20/2011 8:27:47 PM PST by jurroppi1
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To: fatnotlazy

G.E.O.R.G.E. S.O.R.O.S’ P.U.P.P.E.T....HE WHO IS DESTROYING THIS COUNTRY!!!


54 posted on 12/20/2011 8:31:52 PM PST by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85)
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To: jurroppi1

Husband out of work for nearly 3 years...all medical coverage goneeeeeeeeeeeeeeeeeeeeeeee,,,all praise OBAMA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


55 posted on 12/20/2011 8:41:58 PM PST by tina07 (In loving memory of my father,WWII Vet. CBI 10/16/42-12/17/45, d. 11/1/85)
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To: cynwoody

When is the last time you even heard them speak out on Obamacare?


56 posted on 12/21/2011 4:41:41 AM PST by Venturer
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To: bert

Well Bert maybe I am extremely ignorants, but I see Obamacare being placed into effect every day.


57 posted on 12/21/2011 4:47:31 AM PST by Venturer
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To: Venturer

You are avoiding the lies of your post. It is ludicrous to attribute the continued existence of Obamacare to the Republicans who lack the political power to eliminate it. Man up

I suppose you will now vote for some wacko who will assure Obama is reelected just because the good guys are all Republicans..


58 posted on 12/21/2011 4:53:07 AM PST by bert (K.E. N.P. +12 ..... Crucifixion is coming)
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To: Rich21IE

Same here. One of many reasons, and I don’t think you could pay me to buy another again. IMO, home ownership is a money sink from beginning to end, with everyone looking at homeowners as cash cows.

I’m looking forward to getting settled in an apartment where we don’t have to mess with landscaping, home or appliance maintenance, pest control, etc. I expect to get nickle and dimed a bit on our way out the door but it’ll be nothing compared to what we sank in to “the American dream” over the years.

And we can simply pack up and leave when we want without having to worry about the government creating another catastrophe that turns our home into an anchor around our necks.


59 posted on 12/21/2011 4:56:54 AM PST by Nickname
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To: bert

All spending bills must originate in the House of Representatives. Who controls the house of Representatives again?


60 posted on 12/21/2011 5:41:51 AM PST by listenhillary (Look your representatives in the eye and ask if they intend to pay off the debt. They will look away)
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To: bert

I love it when people assume facts not in evidence.

If you are wondering who I will support, I haven’t made up my mind yet, but I am leaning toward Newt Gingrich.

You may call him a whacko, but I believe him to be the most capable of those now running.

I do not understand your angst toward me just because we differ in opinion. If you like the way the Republicans are attacking Obamacare I am happy for you.

IMO Obamacare should be attacked daily and all funding for the growth of it stopped. I believe the House does have some authority over funding.

You have called me extremely ignorant and I may be, now you accuse me of voting for a whacko without any idea previous to this post of who I do consider best for the Presidency.

Well Bert if you are happy with the present Republicans in Congress I am happy for you. I want more.I want them fighting Obama the Democrats and their policies 24/7 every day. I WANT TO HEAR from them.I am tired of their acting as whipping boys for Democrats. When a Democrat such as Harry Reid blames Republicans for the mess we are in I expect a strong answer to his charge.When Pelosi makes stupid remarks, I want Boehaner ther to answer her.

I never lie Bert. Many times I may be wrong, but I never lie, but you can go on with your offensive Posts , it’s your right because you are so much brighter than I.


61 posted on 12/21/2011 5:54:09 AM PST by Venturer
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To: tina07

yes, some people have a lot less than even my massive change. I hope your hubby finds something soon!

FUBO


62 posted on 12/21/2011 5:56:08 AM PST by jurroppi1
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To: Recovering_Democrat
...President Obama, September 12, 2008

He wasn't president on that date..........

63 posted on 12/21/2011 7:45:43 AM PST by Red Badger (Every child should have a meadow to play in..............)
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To: napscoordinator

You’re very welcome.....I hope everything works out in your favor.

Merry Christmas,

EODGUY


64 posted on 12/21/2011 8:55:52 AM PST by EODGUY (Hold on to your copies of the Consititution of the United States. It is going to be re-written.)
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To: marty60

To be honest, I was surprised Pres. Bush didn’t select Forbes to be his Secretary of Commerce. Perhaps the offer was made and declined, but I couldn’t think of a more competent person for that position.

I have the utmost respect for Lt. Col. West. I have donated to his campaign and will continue to do so. He is a man who isn’t afraid to be the only person in the room who is willing to speak the truth.

EODGUY


65 posted on 12/21/2011 9:00:55 AM PST by EODGUY (Hold on to your copies of the Consititution of the United States. It is going to be re-written.)
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To: Anti-Bubba182

On a second term he won’t need to restrain himself. He can do vast damage with executive orders.

Not to mention closing most power plants, banning fracking and drilling within the US ... effectively ending the US as a nation ... forget housing regs. we will all die of exposure if he gets his way.


66 posted on 12/21/2011 9:04:31 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: Georgia Girl 2

It is your corporate headquarters. You are just the caretaker.

Until you are nationalized ...


67 posted on 12/21/2011 9:06:26 AM PST by PIF (They came for me and mine ... now it is your turn ...)
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To: listenhillary

Isn’t there also an average $17/mo cost to all mortgages....to fund the PAYROLL tax cut....??? That hits the middle class.


68 posted on 12/21/2011 9:10:40 AM PST by goodnesswins (Banning Christmas (and Christmas decorations) is something that commies do.)
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To: EODGUY
To be honest, I was surprised Pres. Bush didn’t select Forbes to be his Secretary of Commerce. Perhaps the offer was made and declined, but I couldn’t think of a more competent person for that position.

Depends on how you view Forbes as a supervisor of weather forecasters.

Fact is, the vast bulk of the Commerce Department's responsibility is NOAA -- the National Oceanic and Atmospheric Administration. It consumes over 60% of Commerce's budget, if I recall correctly.

Second on the list of budget items is the Census Bureau.

Otherwise, the Department of Commerce has very little to do with regulating commerce.

Somehow, I don't think Commerce would be the spot for Forbes...

69 posted on 12/21/2011 9:11:40 AM PST by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: Recovering_Democrat
GOD How long has this bastard been in office? 3 years (seems like 300).

I can't even enjoy Christmas knowing this clown is destroying the Republic.

70 posted on 12/21/2011 10:27:18 AM PST by Marathoner ("Government is not reason. Government is not eloquence. It is force." George Washington)
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To: Venturer
The House dominated by Republican passed a bill to do away with Obamacare. The Senate dominated by Liberal Democrats stopped the effort in its tracks.

Budgets have been passed by the House, but stopped by the Senate.

Replace the Democrats in the Senate and things will change. As long as you keep this kind of nonsense up, nothing will ever be done.

People need to stop talking about what Congress has done and stipulate which branch of Congress has kept a budget from being passed, and which branch keeps ignoring solutions and tries to impose taxes and an expansion of government.

71 posted on 12/21/2011 1:06:14 PM PST by Yulee (Village of Albion)
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To: listenhillary
they keep passing budgets and spending bills in the House, but the Democrats in the Senate (who are the cheering section for Obama), keep blocking them.

What else can you ask of the Republican controlled House but to pass bills. It takes a Republican controlled Senate and House with a two thirds majority to overturn a veto by Obama.

Yes all spending bills have to originate in the House. Its the Senate that keeps trying to change this by passing Obama and Reid's do nothing legislation.

A budget was passed. A bill to extend the payroll tax (social security and medicare taxes)for a year. The Senate then passed their own version and walked out, blaming the Republican. The MSM carries the President and Reid's water and spins to blame anyone but the liberal Democrats.

72 posted on 12/21/2011 1:13:33 PM PST by Yulee (Village of Albion)
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To: listenhillary
they keep passing budgets and spending bills in the House, but the Democrats in the Senate (who are the cheering section for Obama), keep blocking them.

What else can you ask of the Republican controlled House but to pass bills. It takes a Republican controlled Senate and House with a two thirds majority to overturn a veto by Obama.

Yes all spending bills have to originate in the House. Its the Senate that keeps trying to change this by passing Obama and Reid's do nothing legislation.

A budget was passed. A bill to extend the payroll tax (social security and medicare taxes)for a year. The Senate then passed their own version and walked out, blaming the Republican. The MSM carries the President and Reid's water and spins to blame anyone but the liberal Democrats.

73 posted on 12/21/2011 1:13:48 PM PST by Yulee (Village of Albion)
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To: listenhillary

A friend of mine, a Canadian, owns 3 condos on the beach in Maui that are worth around 5M total. He’s thinking of selling two of them. Will foreigners be subject to this tax as well? (condos are all rentals) and all paid for. One was recently inherited.


74 posted on 12/21/2011 1:23:32 PM PST by sanjuanbob (Festina Lente)
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To: normy
Hey!!! You can't say (BLEEP!) You coulda said shiddy, or something like that but NO... You had to spew (BLEEP) through your keyboard!!! Now go wash your hands and keyboard with lye soap!!!

By the way, they timed all this disturbing political infighting to take people's minds off the true meaning of Christmas!!!

75 posted on 12/21/2011 2:42:48 PM PST by SierraWasp (I'm done being disappointed by "He/She is the only one who can win" and being embarrassed later!!!)
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To: okie01

Thanks for the info. I was under the impression that at least under the current administration, a vast array of fiscal responsibilities were being placed under the authority of the Sec. of Commerce.

I would have loved to see Forbes in a cabinet position more suited to his expertise.

EODGUY


76 posted on 12/21/2011 4:06:54 PM PST by EODGUY (Hold on to your copies of the Consititution of the United States. It is going to be re-written.)
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To: Recovering_Democrat

Did you read the comments below the article? They’re uniformly in favor of this disgusting display of homosex. I didn’t see a single anti-homo post there.


77 posted on 12/21/2011 7:13:33 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Windflier

Sorry.....I replied to the wrong thread....

how embarrassing...


78 posted on 12/21/2011 7:14:37 PM PST by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Recovering_Democrat

This might explain increased home sales by people aware of and trying to get in under the date the taxes are imposed.


79 posted on 12/21/2011 10:25:06 PM PST by arrogantsob (Obama must Go.)
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To: bert; Venturer

The Repub House under Boehner has had ample times to have de-funded ObamaCare from a budget standpoint and they have absolutely failed & refused to do this. During the debates last spring over increasing the debt ceiling limit, rather than defunding 0bamaCare as well as making real, substantial spending cuts of hundreds of billions to the 2012 budget (not some bogus 10 yr projection or reducing the size of increases over the next 10 years), instead Boehner & McConnell gave 0dumb0 an increase of +$2 Trillion to the debt ceiling AND the formation of the un-constitutional super committee. 0dumb0 is under no budget constraints whatsoever, compliments of Boehner & the House Repubs. In addition, 0dumboCare is alive and well and proceeding on pace to become so interwoven within the fabric of the federal gubmint and the healthcare system, that it will de facto never be repealed or defunded after 2012.


80 posted on 12/22/2011 9:01:55 AM PST by rcrngroup
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To: rcrngroup

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.


81 posted on 12/22/2011 9:05:12 AM PST by Venturer
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To: unixfox

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.


82 posted on 12/22/2011 12:03:32 PM PST by jayrunner
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To: grumpygresh

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


83 posted on 12/22/2011 4:27:42 PM PST by Ouderkirk (Democrats...the party of Slavery, Segregation, Sodomy, and Sedition)
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To: rcrngroup
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.

84 posted on 12/22/2011 8:52:04 PM PST by GregoryFul (Obama - Jim Jones redux)
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To: Recovering_Democrat

You can find this story at this link

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


85 posted on 01/13/2012 4:31:33 PM PST by Whenifhow
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