Nope, I didn't know about this, either.
[ObamaCare i]mposes a 3.8 percent tax on home sales and other real estate transactions.
That would be $3800.00 for every $100K in selling price.
HT: Gateway
Subscribe to:
Post Comments (Atom)
Wisconsin native. "The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC "Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton "The only objective of Liberty is Life" --G K Chesterton "A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
About Me
- Dad29
- SUPER-STRAIGHT. Old. Nasty. Likes Chesterton, Gregorian Chant and other real music. Calvin & Hobbes is Great!. Varmint-shooter, and have trained ALL my children in the art.
Fr. Harry
Followers
Gadsden
Don't Tread on Me
Blog Archive
-
▼
2010
(3003)
-
▼
May
(237)
- And What Is the Condition of the Culture?
- Canada? CANADA??
- Memorial Day
- G K Chesterton (And JSBach, Too!)
- Whaddya Know? Sacred Music at Mass!!
- 'Net Porn
- The Progressive Precedent of Racism
- The LEO Mentality in Maryland
- Accidents? Make Them Illegal!!
- Only on Fischer's Blog...
- The Analytical Belling
- The Fallacy of Big Government
- 'Damn Near Russia' Advisers: Boot on the Neck!!
- Paul's Common Sense on Anchor Babies
- Bart Simpson's "Sestak Defense"
- Really, Sestak? REALLY?
- The LightWorker: Lies and Fairy Tales on BP
- Sure, It's The Onion.....Right?
- FINALLY!! The Repeal-ObamaCare Bill!!
- Murder Last Night
- Broke Breakwater, But ChooChoo Aplenty!
- Joe Lieberman's True Colors: Statist Warmonger
- Another New Tax
- Benedict XVI on Education--and Liturgy
- H-1B's: Are They REALLY All That Great?
- Woopsie! "Highly-Qualified" MMS Leader Out!
- Liturgy From a Global and Historical Perspective
- Si Vis Pacem, Parate Bellum
- AZ Bozo-(D) Folks to Whine at Int'l Commission
- White House Bribery Allegations Double
- The $165Bn+++ Pension-Fund Rescue, Explained
- It's the SPENDING, Stupid!! Part 85,559
- No Breakfast? No Can Read!!
- Another Tit-Sucking Government Bunch to Zero Out
- Obama 2Circuit Nominee REALLY Likes Sexual Sadists
- Extreme Statists Don't Like the Wind's Direction
- Long, Long, Ago, Terry Cullen Was...
- How Stupid ARE You Cheeseheads?
- Boehner Pulls Earmarks; Ron Paul Won't
- "You WILL Conform, Or We Will Strangle You, Marque...
- Good News/Bad News at Rexnord
- Ald Bauman: Here's the Answer!!
- The Danger in the Foxhole
- M3 Disappearing; So? Keynes v. Friedman v. Hayek
- Milk Bills: Extortion By Legislature
- Congressional Dems: "Go Ahead, Watch Porn on Gov'...
- Bush's Fault? Walker's Fault?
- Budget Cuts? Here Are a Few Possibilities
- The Fonz, Pre-Born
- Archaic Humor Break
- Assad: 'Obama Has No Influence Here'
- Obama to Vacation, Skip Memorial Day at Arlington
- "Little Noticed" Field-Muffins in ObamaCare
- Waukesha Sheriffs' Compensation
- Two Idiots and a Visitor
- Bank Troubles in Wisconsin
- USCC Closes Barn Door. Horses in Next County.
- House Pubbies Want Spending-Cut Ideas? Coburn Has...
- Another 24 Cents/BBL Tax Increase
- Sibelius to Virginia Over ObamaCare Suit: "Shove It"
- QueenNancy's "Transparency": Not
- Second Time: 'Just Vote ALL of Them Out'
- Union Pension Bailout Next
- "Sedition"? Or Just Reality, Governor?
- Simplicity Can Do Better Than This
- The End of the World for Headless Blogger
- SEIU=Thugs, Plain and Simple
- "Pass the Bill To Find Out...." ...How Truly Awfu...
- Pentecost and Arthur
- "Oh! It's the SPENDING? I Want to Veto That!!"
- Chicago Fed Index
- Federal Transit Administrator: "Rail Is EXPENSIVE"
- Old Script, New Players
- Recycling Campaigns
- SCOTUS Reviews "Honest Services"
- That Biggest "Illegal" Problem: OTM's Crossing th...
- Pauken v. Rove (et al)
- Another $1.4Bn in Wisconsin Debt
- Calderone, a Politician, Lied (!!!)
- ROE in Afghanistan: No Chambered Round on Patrols??
- Don't Believe the HappyTalk on Wisconsin Tax Revenue
- Big Brother Marches On: Grassley and Baucus Version
- Big Brother Marches On, Thanks to Democrats
- "Financial Reform"? No
- Daley of Chicago Suggests SCOTUS Members Be Attacked
- Straw in the Wind?
- Natural Law, In Briefest
- Politics Without Moral Imperatives
- Cassandra Caddell
- "Direct Abortion"/Excommunication--Backstory
- USCC Comes to its Senses on LCCHR
- The Stupid Party (R) Has Nothing on the USCC
- Vox v. Krauthammer
- Think "Missile Defense" Actually Means "Missile De...
- Wanna See Obama? Papers, Please!!
- Cougar in Wonewoc, Bears on The Street
- Critz Calls This a "Victory".
- The Back-Story on the MU Dean Non-Hire
- Get the Money, Create the Union. What a Country!!
- Estrada and Starr Are What.......Guideposts?
-
▼
May
(237)
Links
- American Economic Alert
- Boots and Sabers
- Catholic Caveman
- Catholic World News Opinion
- Chesterton & Friends
- Christus Vincit
- FreeRepublicLatestPosts
- Grim's Hall
- John Lott's Website
- Lakeshore Laments
- LawDog Files
- ManWithBlackHat
- Moonbattery
- New Liturgical Movement
- No Runny Eggs
- Other McCain
- Overlawyered
- Planet Moron
- Shark&Shepherd
- Sykes
- Terrence Berres
- The Curt Jester
- The Marquette Warrior
- The Onion: REAL News
- Vox Day
- What the Prayer REALLY Says
- Wigderson
9 comments:
Who pays? The seller, the buyer or both?
It's incredible, it just doesn't stop, does it?
I knew about that one... they slipped it in the day before the vote. Found out from that very helpful Congressman from Texas.
It only affects married couples making more than $250,000 a year and the first $500,000 of PROFIT on the home sale is exempt. See FactCheck.org.
The Tax Foundation, in a report released April 15, said the new tax on investment income (including real estate) "will hit approximately the top-earning two percent of families" when it takes effect in 2013.
You buy your house and pay your mortgage with after tax money. I don't give a rat's ass what kind of whiny-ass class warfare rationalization they put on it.
This is another layer of taxes on the same money. This is wrong.
Plus - is this another one of those marriage penalty cases? Where they are building the tax code so it is better for two single people to shack up and claim their income separately? ie - singles making $200K and couples making $250?
This is another layer of taxes on the same money.
Umm, no, this is tax on the profit on sale, not on what you paid for it.
yeah - why on earth should we allow people to keep any potential appreciation in value on what is, for most, their single largest investment.
Gotta squeeze every single-f'ing penny out of 'em right Jim?
neo, you make more than $250,000? You make more than $500,000 profit on the sale of your house?
Fewer than 2% of American families would be subject to this tax. And I'm guessing for most who DO qualify, their home is NOT their single largest investment. And I REALLY doubt this would be anywhere near to being "every single-f'ing penny".
Right, neo?
As usual, it's not the effect, it is the principle.
We aren't fool enough to think that this 'tax-the-rich' scheme will remain in its little corner, all docile and sweet.
Not with the ObamaDeficit machine churning the economy into chaos.
Remember that the alternative tax was only supposed to hit a few "high-income/no tax" folks back in the 1970's?? Remember, Jim??
"Fool me once, shame on you. Fool me twice, shame on me."
Jim - couple of things... You seem to trust these morons in charge. I don't. They promised income tax would only be something like 4% when they convinced people that it was needed too. Also, if you look at the looming debt and unfunded liabilities - they ain't stopping at the "rich". They will be looking at every f'ing penny. See the floating of the VAT tax for further proof. You think that only hits the "rich"?
Plus - I don't envy folks that make $250K. I want to make $250K - and I don't want to be penalized for doing it.
Post a Comment