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Author Topic: Health care bill contains 3.8% tax on home sales  (Read 2576 times)

Monkeyleg

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Health care bill contains 3.8% tax on home sales
« on: October 20, 2010, 12:33:05 AM »
I saw a blurb about this a day or so ago, but thought it was hype. I guess it's not.

The health care bill taxes "profits" from home sales in excess of $250,000 for individuals and $500,000 for married couples. Depending upon where someone lives in the country and when he or she bought the home, that kind of "profit" isn't just confined to "the rich".

The tax also applies to sales of second homes (vacation homes, for example) or for sales of rental homes, with no downside limit on the "profit".  That could hurt a lot of people I know.

I wonder how many congressmen knew this was in the bill? Moreover, I wonder who inserted it and why?
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cassandra and sara's daddy

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Re: Health care bill contains 3.8% tax on home sales
« Reply #1 on: October 20, 2010, 12:37:25 AM »
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It is much more powerful to seek Truth for one's self.  Seeing and hearing that others seem to have found it can be a motivation.  With me, I was drawn because of much error and bad judgment on my part. Confronting one's own errors and bad judgment is a very life altering situation.  Confronting the errors and bad judgment of others is usually hypocrisy.


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Monkeyleg

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Re: Health care bill contains 3.8% tax on home sales
« Reply #2 on: October 20, 2010, 12:41:49 AM »
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MicroBalrog

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Re: Health care bill contains 3.8% tax on home sales
« Reply #3 on: October 20, 2010, 03:43:21 AM »
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Nitrogen

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Re: Health care bill contains 3.8% tax on home sales
« Reply #4 on: October 20, 2010, 04:13:54 AM »
Quote from: MicroBalrog on October 20, 2010, 03:43:21 AM
This doesn't really contradict the OP.

To clarify: the first $250,000 of PROFIT on a home sale is not taxed.  ($500,000 if you're married)

Some investment property I co-own with my parents will probably be subject to this when we sell it next year, if planned. 
I don't have a problem with it, if it helps out other people get care they otherwise wouldn't have gotten, or gotten to keep.
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Jamisjockey

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Re: Health care bill contains 3.8% tax on home sales
« Reply #5 on: October 20, 2010, 08:18:27 AM »
Quote from: Nitrogen on October 20, 2010, 04:13:54 AM
To clarify: the first $250,000 of PROFIT on a home sale is not taxed.  ($500,000 if you're married)

Some investment property I co-own with my parents will probably be subject to this when we sell it next year, if planned. 
I don't have a problem with it, if it helps out other people get care they otherwise wouldn't have gotten, or gotten to keep.

 ;/

What about the people being booted off their current plans that are now going to be too expensive for employers?
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Monkeyleg

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Re: Health care bill contains 3.8% tax on home sales
« Reply #6 on: October 20, 2010, 10:10:42 AM »
Why is real estate being taxed to pay for government health care? That's my real sticking point with this. Why not tax garbanzo beans?
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MechAg94

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Re: Health care bill contains 3.8% tax on home sales
« Reply #7 on: October 20, 2010, 10:13:04 AM »
Quote from: Nitrogen on October 20, 2010, 04:13:54 AM
I don't have a problem with it, if it helps out other people get care they otherwise wouldn't have gotten, or gotten to keep.
That is the point.  It probably won't.  I likely will go directly to the general govt coffers.  A large percentage will be eaten up by the FedGov Bureaucracy before it gets spent on anything at all.  
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Battle Monkey of Zardoz

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Re: Health care bill contains 3.8% tax on home sales
« Reply #8 on: October 20, 2010, 10:53:28 AM »
Quote
Quote from: Nitrogen on Today at 12:13:54 AM
I don't have a problem with it, if it helps out other people get care they otherwise wouldn't have gotten, or gotten to keep.

I have a problem with it. It sucks to be with out insurance, but its not anyone elses responsibility to buy it for you.  Health care is not a right.
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longeyes

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Re: Health care bill contains 3.8% tax on home sales
« Reply #9 on: October 20, 2010, 11:36:12 AM »
If you think a surcharge in the name of "fairness" is only going to be leveled at "rich" home sellers, well...  This is just the beginning if Obamaism rules the earth.  Anyone with "wealth" is considered guilty until proven innocent.  They have to get the money from somewhere, right?  They're going to get it from YOU.
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cassandra and sara's daddy

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Re: Health care bill contains 3.8% tax on home sales
« Reply #10 on: October 20, 2010, 08:49:50 PM »
« Last Edit: October 21, 2010, 02:15:46 PM by cassandra and sara's daddy »
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It is much more powerful to seek Truth for one's self.  Seeing and hearing that others seem to have found it can be a motivation.  With me, I was drawn because of much error and bad judgment on my part. Confronting one's own errors and bad judgment is a very life altering situation.  Confronting the errors and bad judgment of others is usually hypocrisy.


by someone older and wiser than I

Headless Thompson Gunner

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Re: Health care bill contains 3.8% tax on home sales
« Reply #11 on: October 20, 2010, 10:03:28 PM »
IIRC, it's not just home sales, its capital gains taxes in general that are going up under Obamacare.
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Sergeant Bob

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Re: Health care bill contains 3.8% tax on home sales
« Reply #12 on: October 21, 2010, 01:32:03 PM »
I thought drive by link posting was discouraged on APS? Or, does it only apply to certain people?
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Personally, I do not understand how a bunch of people demanding a bigger govt can call themselves anarchist.
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mtnbkr

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Re: Health care bill contains 3.8% tax on home sales
« Reply #13 on: October 21, 2010, 02:13:42 PM »
Quote from: Sergeant Bob on October 21, 2010, 01:32:03 PM
I thought drive by link posting was discouraged on APS? Or, does it only apply to certain people?

 ;/

Can't catch everything.

How about I delete the post, ban the user, and block his IP.  Would that placate you?

Chris
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dogmush

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Re: Health care bill contains 3.8% tax on home sales
« Reply #14 on: October 21, 2010, 02:48:49 PM »
Quote from: cassandra and sara's daddy on October 20, 2010, 08:49:50 PM
http://www.youtube.com/watch?v=MLtqkRNraNk&feature=player_embedded#!

what obama said back then


edits for sarge
The problem with that is Obama lies.

Why the frak would the CBO compare, in a study of the cost of a bill, a current plan with some hypothetical, completly different plan?  They wouldn't.  One or the other, or both, of those folks is dissembling about what the study actually says.
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Sergeant Bob

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Re: Health care bill contains 3.8% tax on home sales
« Reply #15 on: October 21, 2010, 05:31:40 PM »
Quote from: mtnbkr on October 21, 2010, 02:13:42 PM
;/

Can't catch everything.

How about I delete the post, ban the user, and block his IP.  Would that placate you?

Chris

No need to be an a$$ about it. It's not my rule

« Last Edit: October 21, 2010, 05:35:19 PM by Sergeant Bob »
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Personally, I do not understand how a bunch of people demanding a bigger govt can call themselves anarchist.
I meet lots of folks like this, claim to be anarchist but really they're just liberals with pierced genitals. - gunsmith

I already have canned butter, buying more. Canned blueberries, some pancake making dry goods and the end of the world is gonna be delicious.  -French G

Monkeyleg

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Re: Health care bill contains 3.8% tax on home sales
« Reply #16 on: October 21, 2010, 05:43:23 PM »
I just posted a quick link to give my source for the story. Sorry if I didn't elaborate, but it was time to hit the sack.
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Sergeant Bob

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Re: Health care bill contains 3.8% tax on home sales
« Reply #17 on: October 21, 2010, 05:53:45 PM »
Quote from: Monkeyleg on October 21, 2010, 05:43:23 PM
I just posted a quick link to give my source for the story. Sorry if I didn't elaborate, but it was time to hit the sack.

We know you're not normally the missing linkman. =D
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Personally, I do not understand how a bunch of people demanding a bigger govt can call themselves anarchist.
I meet lots of folks like this, claim to be anarchist but really they're just liberals with pierced genitals. - gunsmith

I already have canned butter, buying more. Canned blueberries, some pancake making dry goods and the end of the world is gonna be delicious.  -French G

sanglant

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Re: Health care bill contains 3.8% tax on home sales
« Reply #18 on: October 21, 2010, 09:00:25 PM »
i heard my name, what you want? [tinfoil]
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