HEALTH CARE BILL = 3.8% REAL ESTATE SALES TAX

[DIGGER]

Iff'n I'm reading this right the new health care bill will impose a 3.8% sales tax when you sell your home.

another reason to do away with the health care bill.

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

[The Anvil]

Iff'n I'm reading this right the new health care bill will impose a 3.8% sales tax when you sell your home.

You're not reading it right. It says that a tax of 3.8% will be levied on capital gains (not specifically property) but only after a certain income threshold has been reached $250,000 for an individual, $500,000 per couple. So if your total income including the profits from your home sale puts you over the 250/500 income threshold then you won't pay the tax.

It's more scare tactics.

[RoadKill]

Iff'n I'm reading this right the new health care bill will impose a 3.8% sales tax when you sell your home.

You're not reading it right. It says that a tax of 3.8% will be levied on capital gains (not specifically property) but only after a certain income threshold has been reached $250,000 for an individual, $500,000 per couple. So if your total income including the profits from your home sale puts you over the 250/500 income threshold then you won't pay the tax.

It's more scare tactics.

Still sounds like a punishment for making  wise investments. Now we know why ignorance is bliss.

The DEVIL is in the details

[LandElephant]

Anvil,
You might want to re-read your post.  If over 250 / 500K then you will pay 3.8%. not the other way.  Just like taxing the MILLIONaires and BILLIONaires but it's about $750,000 short of a MILLION to 999,750,000 short  of a BILLION tax range.

Land Elephant

[G-Man]

Don't forget the increase in EVERYONE's income tax come 2013 to pay for the health care fiasco.

"You'll have to pass it to see what is in it"

That statement alone should have sent ALL congress people and Senators running, but the Dems are all thieves and this proves it.  They think they are all Robin Hoods, when in reality, RH was just a glorified thief to begin with.  

I pray America doesn't forget the underhandedness that went in to passing this come next Nov.  The blatant bullying of freshmen congress people, the blatant bribes to certain states (and the arrogance of the bribees who took joy in correcting the bribes taken to HIGHER amounts than reported), the scare tactics, etc.  

This is the ONLY thing Obama (the anti-semite, back to 67 borders) has accomplished thus far.  Everything else has been a failure as higher unemployment, more people losing their home, continue $4.00 gas gallons, stagnant economy, and increased inflation proves.  Oh right, I forgot, it's Bush's fault, still.

[PAVALKER]

Anvil,
You might want to re-read your post.  If over 250 / 500K then you will pay 3.8%. not the other way.  Just like taxing the MILLIONaires and BILLIONaires but it's about $750,000 short of a MILLION to 999,750,000 short  of a BILLION tax range.

Land Elephant

I agree.... kind of contradicted your own statement.  

[CajunRider]

You're not reading it right. It says that a tax of 3.8% will be levied on capital gains (not specifically property) but only after a certain income threshold has been reached $250,000 for an individual, $500,000 per couple. So if your total income including the profits from your home sale puts you over the 250/500 income threshold then you won't pay the tax.

It's more scare tactics.

I don't care WHO pays the tax... it's still a tax. 

[The Anvil]

Anvil,
You might want to re-read your post.  If over 250 / 500K then you will pay 3.8%. not the other way.  Just like taxing the MILLIONaires and BILLIONaires but it's about $750,000 short of a MILLION to 999,750,000 short  of a BILLION tax range.

Land Elephant

Yeah you're right, it should have read you WILL pay the tax. Sorry, editing error.

[Brian]

I bet congress is exempt. Why not, their not effected by the bill they passed.

[The Anvil]

You're not reading it right. It says that a tax of 3.8% will be levied on capital gains (not specifically property) but only after a certain income threshold has been reached $250,000 for an individual, $500,000 per couple. So if your total income including the profits from your home sale puts you over the 250/500 income threshold then you won't pay the tax.

It's more scare tactics.

I don't care WHO pays the tax... it's still a tax. 

Well you should care because there's a big difference between EVERYONE having to pay a 3.8% tax on on a home sale and only those over the 250/500 threshold having to pay 3.8% tax on investment profits.

[DIGGER]

You're not reading it right. It says that a tax of 3.8% will be levied on capital gains (not specifically property) but only after a certain income threshold has been reached $250,000 for an individual, $500,000 per couple. So if your total income including the profits from your home sale puts you over the 250/500 income threshold then you won't pay the tax.

It's more scare tactics.

I don't care WHO pays the tax... it's still a tax. 

Well you should care because there's a big difference between EVERYONE having to pay a 3.8% tax on on a home sale and only those over the 250/500 threshold having to pay 3.8% tax on investment profits.

so you think it should be ok for people who had to work and investfor their 250/500 to have to pay this tax?...and not people who worked and made less than 250/500?  I'm not in the over 250/500 class of income but I don't think they should have to pay this TAX either.   Let this pass and and the politicians will say "Well, that was easy, now lets let them all pay the 3.8% TAX

[RoadKill]

You're not reading it right. It says that a tax of 3.8% will be levied on capital gains (not specifically property) but only after a certain income threshold has been reached $250,000 for an individual, $500,000 per couple. So if your total income including the profits from your home sale puts you over the 250/500 income threshold then you won't pay the tax.

It's more scare tactics.

I don't care WHO pays the tax... it's still a tax. 

Well you should care because there's a big difference between EVERYONE having to pay a 3.8% tax on on a home sale and only those over the 250/500 threshold having to pay 3.8% tax on investment profits.

so you think it should be ok for people who had to work and investfor their 250/500 to have to pay this tax?...and not people who worked and made less than 250/500?  I'm not in the over 250/500 class of income but I don't think they should have to pay this TAX either.   Let this pass and and the politicians will say "Well, that was easy, now lets let them all pay the 3.8% TAX

4.2 is only a tiny bit more than 3.8...4.7 is just a small increase from 4.2 % . Another 10 percent will be obtainable befor we even see deficit reduction !

[The Anvil]

so you think it should be ok for people who had to work and investfor their 250/500 to have to pay this tax?...and not people who worked and made less than 250/500?  I'm not in the over 250/500 class of income but I don't think they should have to pay this TAX either.   Let this pass and and the politicians will say "Well, that was easy, now lets let them all pay the 3.8% TAX

You know, I'm not all that broken up about it. In a perfect world we wouldn't need to do this stuff, but it's not a perfect world. Those people in the 250/500 class can afford it a lot better than the people in the 50/100 class can that's for sure. So if the money has to come from come from somewhere it should come from them, not the middle class. The middle class shoulders enough of the tax burden. Why don't I hear people crying as loudly about the fact that billions of those very same tax dollars goes to subsidize US oil companies?

I'm also tired of the slippery slope argument. It's the same kvetch that conservatives fall back on when faced with any question regarding sacrifice. Well it can apply to anything and if you always tremble at the thought of making a decision for fear of a slippery slope that probably doesn't even exist then progress halts altogether. Sometimes tough choices need to be made and often neither solution is palatable. That's life.

[RoadKill]

so you think it should be ok for people who had to work and investfor their 250/500 to have to pay this tax?...and not people who worked and made less than 250/500?  I'm not in the over 250/500 class of income but I don't think they should have to pay this TAX either.   Let this pass and and the politicians will say "Well, that was easy, now lets let them all pay the 3.8% TAX

You know, I'm not all that broken up about it. In a perfect world we wouldn't need to do this stuff, but it's not a perfect world. Those people in the 250/500 class can afford it a lot better than the people in the 50/100 class can that's for sure. So if the money has to come from come from somewhere it should come from them, not the middle class. The middle class shoulders enough of the tax burden. Why don't I hear people crying as loudly about the fact that billions of those very same tax dollars goes to subsidize US oil companies?

I'm also tired of the slippery slope argument. It's the same kvetch that conservatives fall back on when faced with any question regarding sacrifice. Well it can apply to anything and if you always tremble at the thought of making a decision for fear of a slippery slope that probably doesn't even exist then progress halts altogether. Sometimes tough choices need to be made and often neither solution is palatable. That's life.

So...Life aint fair so screw every one but me ?  That slippery slope will find you in the cross hairs soon enough and then you can cry to any one that will listen...that would be NO ONE !   

[The Anvil]

so you think it should be ok for people who had to work and investfor their 250/500 to have to pay this tax?...and not people who worked and made less than 250/500?  I'm not in the over 250/500 class of income but I don't think they should have to pay this TAX either.   Let this pass and and the politicians will say "Well, that was easy, now lets let them all pay the 3.8% TAX

You know, I'm not all that broken up about it. In a perfect world we wouldn't need to do this stuff, but it's not a perfect world. Those people in the 250/500 class can afford it a lot better than the people in the 50/100 class can that's for sure. So if the money has to come from come from somewhere it should come from them, not the middle class. The middle class shoulders enough of the tax burden. Why don't I hear people crying as loudly about the fact that billions of those very same tax dollars goes to subsidize US oil companies?

I'm also tired of the slippery slope argument. It's the same kvetch that conservatives fall back on when faced with any question regarding sacrifice. Well it can apply to anything and if you always tremble at the thought of making a decision for fear of a slippery slope that probably doesn't even exist then progress halts altogether. Sometimes tough choices need to be made and often neither solution is palatable. That's life.

So...Life aint fair so screw every one but me ?  That slippery slope will find you in the cross hairs soon enough and then you can cry to any one that will listen...that would be NO ONE !   

Screw everyone but me? Not to be confrontational, but you don't really know how much money I make, do you? 

For that matter, even if I did or did not go over the threshold I'm as directly affected anyone can be by how much the wealthy have to spend because private jets don't fly on dreams and unicorn farts. I've watched this economy decimate my industry and I don't like that one bit. But you know what? The guy with the 30 million dollar airplane can still afford it better than the guy with the Piper Cherokee can.

[bscrive]

Soon you guys will have free healthcare like us in Canada.  Just be prepared to wait at the hospital for at least 8 - 12 hours, if it's serious.  Next they will impose huge taxes on fuel, just like Canada.  If you guys think you are paying a lot now, wait until the real price starts rearing it's head.

[RoadKill]

so you think it should be ok for people who had to work and investfor their 250/500 to have to pay this tax?...and not people who worked and made less than 250/500?  I'm not in the over 250/500 class of income but I don't think they should have to pay this TAX either.   Let this pass and and the politicians will say "Well, that was easy, now lets let them all pay the 3.8% TAX

You know, I'm not all that broken up about it. In a perfect world we wouldn't need to do this stuff, but it's not a perfect world. Those people in the 250/500 class can afford it a lot better than the people in the 50/100 class can that's for sure. So if the money has to come from come from somewhere it should come from them, not the middle class. The middle class shoulders enough of the tax burden. Why don't I hear people crying as loudly about the fact that billions of those very same tax dollars goes to subsidize US oil companies?

I'm also tired of the slippery slope argument. It's the same kvetch that conservatives fall back on when faced with any question regarding sacrifice. Well it can apply to anything and if you always tremble at the thought of making a decision for fear of a slippery slope that probably doesn't even exist then progress halts altogether. Sometimes tough choices need to be made and often neither solution is palatable. That's life.

So...Life aint fair so screw every one but me ?  That slippery slope will find you in the cross hairs soon enough and then you can cry to any one that will listen...that would be NO ONE !   

Screw everyone but me? Not to be confrontational, but you don't really know how much money I make, do you? 

For that matter, even if I did or did not go over the threshold I'm as directly affected anyone can be by how much the wealthy have to spend because private jets don't fly on dreams and unicorn farts. I've watched this economy decimate my industry and I don't like that one bit. But you know what? The guy with the 30 million dollar airplane can still afford it better than the guy with the Piper Cherokee can.

It does not matter how much you make...you obviously do not pay enough !   there are people less fortunate than you at any income level and it is all your damn fault ! Give it up ,you heartless bastard !  pay the people that need the money more than you do...why are you hoarding the cash?

[The Anvil]

! Give it up ,you heartless bastard ! 

I'm trying but some of you people won't let me!!!   

[RoadKill]

! Give it up ,you heartless bastard ! 

I'm trying but some of you people won't let me!!!   

Send a Check !  I'll PM my address !   I take Paypal too !

[Brad]

With the current downturn in the real estate market there are not many couples that will clear over $500,000 in profit on their home sale.  So if you paid 250,000 for your home and sold it for 750,000 you will pay nothing.  If you sell that same home for 800,000 you will pay the 3.8% tax on the $50,000 in profit in excess of the $500,000 profit.  I agree it is still a tax but I don't know anyone who will be affected.

[DIGGER]

so you think it should be ok for people who had to work and investfor their 250/500 to have to pay this tax?...and not people who worked and made less than 250/500?  I'm not in the over 250/500 class of income but I don't think they should have to pay this TAX either.   Let this pass and and the politicians will say "Well, that was easy, now lets let them all pay the 3.8% TAX

You know, I'm not all that broken up about it. In a perfect world we wouldn't need to do this stuff, but it's not a perfect world. Those people in the 250/500 class can afford it a lot better than the people in the 50/100 class can that's for sure. So if the money has to come from come from somewhere it should come from them, not the middle class. The middle class shoulders enough of the tax burden. Why don't I hear people crying as loudly about the fact that billions of those very same tax dollars goes to subsidize US oil companies?

I'm also tired of the slippery slope argument. It's the same kvetch that conservatives fall back on when faced with any question regarding sacrifice. Well it can apply to anything and if you always tremble at the thought of making a decision for fear of a slippery slope that probably doesn't even exist then progress halts altogether. Sometimes tough choices need to be made and often neither solution is palatable. That's life.

So...Life aint fair so screw every one but me ?  That slippery slope will find you in the cross hairs soon enough and then you can cry to any one that will listen...that would be NO ONE !   

Screw everyone but me? Not to be confrontational, but you don't really know how much money I make, do you? 

For that matter, even if I did or did not go over the threshold I'm as directly affected anyone can be by how much the wealthy have to spend because private jets don't fly on dreams and unicorn farts. I've watched this economy decimate my industry and I don't like that one bit. But you know what? The guy with the 30 million dollar airplane can still afford it better than the guy with the Piper Cherokee can.

It does not matter how much you make...you obviously do not pay enough !   there are people less fortunate than you at any income level and it is all your damn fault ! Give it up ,you heartless bastard !  pay the people that need the money more than you do...why are you hoarding the cash?

because they got up off their butts and worked for it.  Now you want to sit on your butt and take it from them

[musclehead]

Iff'n I'm reading this right the new health care bill will impose a 3.8% sales tax when you sell your home.

You're not reading it right. It says that a tax of 3.8% will be levied on capital gains (not specifically property) but only after a certain income threshold has been reached $250,000 for an individual, $500,000 per couple. So if your total income including the profits from your home sale puts you over the 250/500 income threshold then you won't pay the tax.

It's more scare tactics.

it's got me plenty scared

[RoadKill]

so you think it should be ok for people who had to work and investfor their 250/500 to have to pay this tax?...and not people who worked and made less than 250/500?  I'm not in the over 250/500 class of income but I don't think they should have to pay this TAX either.   Let this pass and and the politicians will say "Well, that was easy, now lets let them all pay the 3.8% TAX

You know, I'm not all that broken up about it. In a perfect world we wouldn't need to do this stuff, but it's not a perfect world. Those people in the 250/500 class can afford it a lot better than the people in the 50/100 class can that's for sure. So if the money has to come from come from somewhere it should come from them, not the middle class. The middle class shoulders enough of the tax burden. Why don't I hear people crying as loudly about the fact that billions of those very same tax dollars goes to subsidize US oil companies?

I'm also tired of the slippery slope argument. It's the same kvetch that conservatives fall back on when faced with any question regarding sacrifice. Well it can apply to anything and if you always tremble at the thought of making a decision for fear of a slippery slope that probably doesn't even exist then progress halts altogether. Sometimes tough choices need to be made and often neither solution is palatable. That's life.

So...Life aint fair so screw every one but me ?  That slippery slope will find you in the cross hairs soon enough and then you can cry to any one that will listen...that would be NO ONE !   

Screw everyone but me? Not to be confrontational, but you don't really know how much money I make, do you? 

For that matter, even if I did or did not go over the threshold I'm as directly affected anyone can be by how much the wealthy have to spend because private jets don't fly on dreams and unicorn farts. I've watched this economy decimate my industry and I don't like that one bit. But you know what? The guy with the 30 million dollar airplane can still afford it better than the guy with the Piper Cherokee can.

It does not matter how much you make...you obviously do not pay enough !   there are people less fortunate than you at any income level and it is all your damn fault ! Give it up ,you heartless bastard !  pay the people that need the money more than you do...why are you hoarding the cash?

because they got up off their butts and worked for it.  Now you want to sit on your butt and take it from them

I can not work for it because I have a sore toe and I may be dying from living . Now give me my damn money or I will send the democrats to TAKE it for me !    After they take their cut ,of coarse !  

[musclehead]

so you think it should be ok for people who had to work and investfor their 250/500 to have to pay this tax?...and not people who worked and made less than 250/500?  I'm not in the over 250/500 class of income but I don't think they should have to pay this TAX either.   Let this pass and and the politicians will say "Well, that was easy, now lets let them all pay the 3.8% TAX

You know, I'm not all that broken up about it. In a perfect world we wouldn't need to do this stuff, but it's not a perfect world. Those people in the 250/500 class can afford it a lot better than the people in the 50/100 class can that's for sure. So if the money has to come from come from somewhere it should come from them, not the middle class. The middle class shoulders enough of the tax burden. Why don't I hear people crying as loudly about the fact that billions of those very same tax dollars goes to subsidize US oil companies?

I'm also tired of the slippery slope argument. It's the same kvetch that conservatives fall back on when faced with any question regarding sacrifice. Well it can apply to anything and if you always tremble at the thought of making a decision for fear of a slippery slope that probably doesn't even exist then progress halts altogether. Sometimes tough choices need to be made and often neither solution is palatable. That's life.

progress you say, we say nay! you've probably missed it but I say "no subsidies for anyone" can you hear me now?  when will government sacrifice? when the 'millionaires and billionaires' making $250,000 a year don't have any more money who will they tax then? want an example? New Jersey under guv Corzine. billions of dollars left the state, do you want billions of dollars to leave the country?

fair tax . org!  even a flat tax! if we all pay the same amount and some yahoo in congress says 'raise taxes' all our heads will snap around as one and say 'uh-huh!'

[musclehead]

so you think it should be ok for people who had to work and investfor their 250/500 to have to pay this tax?...and not people who worked and made less than 250/500?  I'm not in the over 250/500 class of income but I don't think they should have to pay this TAX either.   Let this pass and and the politicians will say "Well, that was easy, now lets let them all pay the 3.8% TAX

You know, I'm not all that broken up about it. In a perfect world we wouldn't need to do this stuff, but it's not a perfect world. Those people in the 250/500 class can afford it a lot better than the people in the 50/100 class can that's for sure. So if the money has to come from come from somewhere it should come from them, not the middle class. The middle class shoulders enough of the tax burden. Why don't I hear people crying as loudly about the fact that billions of those very same tax dollars goes to subsidize US oil companies?

I'm also tired of the slippery slope argument. It's the same kvetch that conservatives fall back on when faced with any question regarding sacrifice. Well it can apply to anything and if you always tremble at the thought of making a decision for fear of a slippery slope that probably doesn't even exist then progress halts altogether. Sometimes tough choices need to be made and often neither solution is palatable. That's life.

So...Life aint fair so screw every one but me ?  That slippery slope will find you in the cross hairs soon enough and then you can cry to any one that will listen...that would be NO ONE !   

Screw everyone but me? Not to be confrontational, but you don't really know how much money I make, do you? 

For that matter, even if I did or did not go over the threshold I'm as directly affected anyone can be by how much the wealthy have to spend because private jets don't fly on dreams and unicorn farts. I've watched this economy decimate my industry and I don't like that one bit. But you know what? The guy with the 30 million dollar airplane can still afford it better than the guy with the Piper Cherokee can.

how many people is the guy with the piper cherokee hiring?

[musclehead]

Bring back the good ole days. Like it was back  in the 14th century. The rich behind their walls while the lazy poor survivimg on the outside on cabbages and an occasional rodent.

yeah thats exactly how it was, you were there too? 

[The Anvil]

how many people is the guy with the piper cherokee hiring?

That's another argument that doesn't hold water. Trickle down (unless you count the pee trickling down your back) does not work as advertised. This tax is not going to cause someone to lay anyone off or not hire someone. It's not that significant.

[G-Man]

Bring back the good ole days. Like it was back  in the 14th century. The rich behind their walls while the lazy poor survivimg on the outside on cabbages and an occasional rodent.

The error in your analogy is that the poor in the 14th century never had a chance to be rich.  Nowadays, EVERYBODY has the chance, if you take it.  My wife came here legally from another country, with no money, worked and saved and borrowed to go to school.  She graduated and went to work.  She worked hard, put in lots of overtime, worked two jobs at times and bought her first house with all that hard work, dedication, and sacrifice.  She made good CHOICES.  She didn't CHOOSE to become pregnant at 17, or CHOOSE to party instead of studying, or CHOOSE whatever other excuses people come up with to not put in the effort.  If a person from another country can make it and live the dream, why can't someone born here do it?  BTW, you can take her story and apply it to her three brothers as well.  All CHOOSING the best path and making something of themselves, with no excuses as why they can't.

[Master Blaster]

You know, I'm not all that broken up about it. In a perfect world we wouldn't need to do this stuff, but it's not a perfect world. Those people in the 250/500 class can afford it a lot better than the people in the 50/100 class can that's for sure.

Well I am 72 years young, my income is military retirement and social security, and I own a $500,000.00 + home free and clear.  When I retired from the military I immediately went to work in the oil patch for the next 20 years.  Now because I have acted responsibly, saved and used what I earned wisely, I should willingly give it away.  I do Tithe, and do my part to help many less fortunate, but I say piss on Husssiens share the wealth designs.  Jesus said we will always have the poor.  No matter how much you give, its never enough for the libs, and no matter how much you give it is never enough for the takers that make being on the dole a lifestyle.