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Thread: ObamaCare taxes home sales

  1. #1
    Join Date
    Mar 2009
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    Fayetteville, Ft. Bragg NC
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  2. #2
    Join Date
    Mar 2010
    Posts
    6,365

    Default

    No blind linky dinky's..... please. I'll assist.

    “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.

    The rest is at the link:

    http://www.gop.gov/blog/10/04/08/oba...are-taxes-home
    'You have been warned of what they will do, you have a choice.
    Sit quiet and do nothing, wait until your hands are bound behind your back,
    and you are on your knees in a ditch, begging for your life!
    Or as an American, you had the privilege to be born free,
    If you wish to die free you better get up off your ass and make it happen.
    Stand and fight damn-it, if not these just might be the last words your hear,
    ‘AllahuAkbar! AllahuAkbar! AllahuAkbar!'

  3. #3
    Join Date
    Feb 2010
    Posts
    5,848

    Default

    Short memories...

    This only applies if your NET taxable income exceeds 250,000 per year AND you have capital gains on the sale of a property.

    97% of the US does not meet this criteria.

    Uncle Sambo has done enough to legitimately destroy this country. Let's not give the scoffers "mis-information" ammo that they can later use on us.
    ~Pyrate~


    "Those who make peaceful revolution impossible will make violent revolution inevitable.

    John F. Kennedy

  4. #4
    Join Date
    Feb 2010
    Posts
    1,059

    Default

    Quote Originally Posted by PyratePrincess View Post
    Short memories...

    97% of the US does not meet this criteria.
    I hear ya, but I can't help but think of the quote "First they came for..."

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