Expat Community > Ecuador

Penguin007
Joined 2011
Posts: 295

Will you sell your house after 2012...

13 years ago

Someone sent me the following and I thought it was worth passing on....

Will You Sell Your House after 2012?? Surprise!!!

The National Association of REALTORS is all over this and working to get it repealed, before it takes effect.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 steal billions from unsuspecting homeowners. How many REALTORS do you think will vote Democratic in 2012?

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 tax on a $100,000 home, etc.. When did this happen? It's in the health care bill and goes into effect in 2013.

Why 2013? Could it be to come to light 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 screw the retiring generation who often downsize their homes. Does this make your November and 2012 vote more important?

Oh, you weren't aware this was in the Obamacare bill? Guess what, you aren't alone. I'm sure you remember when then Democratic Speaker of the House, Pelosi, said to the world, "We have to pass this bill to find out what's in it" There are no words to explain what degenerate, sick, stupid people America has elected to run our great country!! Hopefully, never again!!

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

I hope you forward this to every single person in your address book. VOTERS NEED TO KNOW.

VERIFIED IN SNOPES

9. snopes.com: 3.8% Tax on Real Estate Transactions •••
A provision of health care legislation imposes a 3.8% sales tax on all real estate transactions?

....Claim: A provision of health care legislation creates a 3.8% Medicare tax on real estate transactions. Example: [Collected via e-mail, April 2010]...

...Under the new health care bill - did you know that all real estate transactions are subject to a 3.8% "Sales Tax"? You can thank Nancy, Harry & Barack...

....provisions of the recently passed Patient Protection Affordable Care Act (PPACA) health care legislation calls for high-income households to be subject...

Fri, 29 Jul 2011 11:40:24 GMT http://www.snopes.com/politics/taxes/realestate.asp
Heads Up!!!! Something to be aware of !!!!!!

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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Will you sell your house after 2012...

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