FEDERAL Real estate sales tax

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 for every $100,000 in home value.

When did this happen? It’s in the health care bill.  The SALES TAX WILL GO INTO EFFECT 2013 (interesting that it goes into effect AFTER the 2012 Presidential election???)

Under the new health care bill ALL real estate transactions will be subject to a 3.8% Sales Tax.

The bulk of the new taxes don't kick in until 2013. You can thank all those in Congress that voted for the Bill; especially since almost none of them actually read the bill (I really like the statement by Nancy Pelosi that you will know what's in the bill AFTER it passes...).  Now we're learning what's in the bill.

This bill is will really affect (screw) the Baby Boomers; that retiring generation who will be downsizing their bigger homes (therefore a bigger sales tax).

AND, there are probably other surprises lurking in the bill; I not likely going to read it all either.

Be sure to vote election day November 2, 2010, and please READ the ballot beforehand so that you can make informed decisions.