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Hey, Pay Attention! Are You the 1 in 11 Who will NEVER Sell their Home?

Wow, you are sooo lucky!

Do you like surprises? Better sit down for this one. 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 on a $100,000 home!

This is in addition to all your other closing costs, including your transfer tax, errr, I mean fee.

When did this happen? Remember that health care bill Obama said will save 24 million uninsured
Americans from the fate of no insurance?

The one that really only reaches about 8 million of these people?

The one that Pelosi said, "We won't know everything that's in it until it's passed!"? The one that's
going to bankrupt America as well as our grandchildren?

Well, it's in that same health care bill. Just thought you should know.

This Sales Tax will only go into effect in 2013, as part of the new Health Care Bill. Why 2013?

OMG, could it be so that it only comes to light AFTER the 2012 elections?

So, this is "the change you can believe in"?

Under the new health care bill - did you know that all real estate transactions will be subject to a 3.8% Sales Tax? If you sell your $300,000 home, you will be paying an $11,400 tax.

And that this is only one of the new taxes? The bulk of these new taxes won't kick in until 2013 and later.

This bill is set to really hurt the retiring baby boomer generation who so often downsize their homes and use this money to fund their retirements.

Now, doesn't this stuff make your November 2012 vote just a bit more important? You better believe it.

Oh, I'm sorry, you weren't aware this was in the Obamacare bill?

Guess what, you aren't alone.

There are more than a few members of Congress that weren't aware of it either.

So much for the promise that every bill passed by this administration would be given
ample time to be read and discussed.

This rush through the system for passage was done for just these reasons.

Wait til we find out what else has been hidden from US. (Read United States Citizens)

I beg you to get educated and use the one vote you are presently guaranteed;
before you don't have that vote anymore.

Views: 68

Tags: health care bill, new taxes, real estate tax

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Comment by Dave Miranda on July 30, 2011 at 4:37pm

AL,

Thanks for sharing this with us! - Great article. Its sad how this country isn't even in the hands of the Amercian people anymore.

 

Best,

DM

Comment by al on July 23, 2011 at 9:08am

NO! It's meant to stifle business.

Hey did you know that taxes are only half the problem with this bill?

It also exempts muslims from participating!!

So if it's supposed to cover everyone, and it has so many exemptions for special classes of people, why is it going to cost so much???

Comment by Peter Toth on July 22, 2011 at 9:09pm

Al,

Great article!

Not exactly helping investors is it?

Peter Toth

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