Obabacare House Tax?

[BLAZER PROPHET]

Is it true that when I sell my house, that I have a 3.8% tax to pay that goes directly to pay for Obamacare?

I hope not. I hope that only for larger houses. Thanks to the housing meltdown we are seriously upside down on out mortgage. We have to sell when I retire as we cannot afford to maintain a house and as it is we'd be very lucky to break even (our goal). This would kill that hope. Geeze, another tax on the poor- if it's true.

Anyone know anything about that or is it right wing propoganda?

 

[PapaG]

Snopes does a good job breaking this one down.

http://www.snopes.com/politics/taxes/realestate.asp

 

[MARIS61]

In Oregon, it means if you make a profit of over $1 million on the sale of your house, and don't seek professional tax-evasion advice, you might have to pay a 3.8% tax on the amount over $1 million.

 

[3RA1N1AC]

Snopes does a good job breaking this one down.

http://www.snopes.com/politics/taxes/realestate.asp

yeah basically the answer is a big NO bp, unless you are in the top 3% of income earners AND make over 500k PROFIT on your house...i think if either of those things happen, you wouldnt really be complaining

yet there are people complaining...

 

[BLAZER PROPHET]

OK, as an avowed pauper I feel safe.

 

[3RA1N1AC]

i mean this effects 3% of the population, but people would have you believe the majority are opposed to it...

 

[BLAZER PROPHET]

i mean this effects 3% of the population, but people would have you believe the majority are opposed to it...

I'm opposed to it.

 

[3RA1N1AC]

well, continue to do the bidding of the top 3%, and then wonder why everyone else is getting fucked in the ass then

 

[MARIS61]

I'm opposed to it.

The less the wealthy are taxed, the more you and the rest of the middle-class(s) will be taxed.

It takes a heap of naivete' to believe otherwise.