Thu Sep 27, 2012, 10:13 AM
fleur-de-lisa (3,375 posts)
Another mass propaganda email from the repukes
I AM SO SICK OF THE LIES BEING CIRCULATED BY THE REPUKES AND I'VE HAD ENOUGH . . . I AM NO LONGER WILLING TO IGNORE THEM.
I received this email from my mother this morning:
Subject: Fwd: Fw: Home Sales Tax becomes effective Jan. 1, 2013
"The National Association of Realtors is not pleased with this new tax and hopes this information is forwarded to every voter prior to the election in November. It doesn't matter which side of the political fence you sit on - it will affect ALL of us.
When does your home become part of your health care? After 2012! Your vote counts big time in 2012, make sure you and all your friends and family know about this!
HOME SALES TAX I thought you might find this interesting, -- maybe even SICKENING! The National Association of Realtors is all over this and working to get it repealed, --before it takes effect. But, I am very pleased we aren't the only ones who know about this ploy to steal billions from unsuspecting homeowners. How many realtors do you think will vote Democratic in 2012? 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, etc. When did this happen? It's in the health care bill, -- and it goes into effect in 2013. Why 2013? Could it be so that it doesn't come to light until after the 2012 elections? So, this is change you can believe in? Under the new health care bill all real estate transactions will be subject to a 3.8% sales tax. If you sell a $400,000 home, there will be a $15,200 tax. This bill is set to screw the retiring generation, -- who often downsize their homes. Does this make your November, 2012 vote more important? Oh, you weren't aware that this was in the Obama Health Care bill? Guess what; you aren't alone! There are more than a few members of Congress that weren't aware of it either. You can check this out for yourself at: http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home
VOTERS NEED TO KNOW.................... and VOTE!!!"
This was my reply to my mother and all the people she forwarded this dumb email to:
"Good morning Mother. The email Lydia forwarded to you contains inaccurate information and some half-truths in it and was written with the intention of scaring homeowners. I went directly to Section 1402 of the Affordable Care Act posted online and read it for myself. Here is a summary of what the so called ‘Medicare tax’ provision entails:
• The Medicare tax is not a tax on all new home sales; it only applies to the profit that certain high income Americans make from the sale of their home. The groups that may be affected by this provision are individuals with annual incomes over $200,000 and married couples with a joint income of over $250,000.
• The only home sellers who will be affected by this provision are those who fit the above description, and who sell their home for a profit of more than $250,000. The tax will not apply to the first $250,000 in profits for the individual selling his or her home or to the first $500,000 in profits for a married couple.
And by the way, while some home sales will see a tax increase under this provision, the tax will affect only a small percentage of home sales. A report released by the Tax Foundation on April 15, 2010 predicts that the new tax on investment income (including real estate) will affect only the top-earning 2 percent of American families."
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