Re: FW: When did this happen? It's in the health care bill/Cure for selling homes

[Guest guest]

On Wed, Jul 27, 2011 at 4:27 PM, Pat Machkovich wrote:

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> Did you know that if you sell your house after 2012 you will pay a 3.8%

> sales tax on it (Unearned income)? That's $3,800 on an 100,000 home etc.

> When did this happen?

It didn't. There is a tax on the proceeds of sales with more than $500,000

in profit, only on the portion above $500,000. See the explanation at

snopes.

http://www.snopes.com/politics/taxes/realestate.asp

Best regards,

Ann

[Guest guest]

Thanks for the reply and place to go to check it out.

Pat M.

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> Did you know that if you sell your house after 2012 you will pay a 3.8%

> sales tax on it (Unearned income)? That's $3,800 on an 100,000 home etc.

> When did this happen?

It didn't. There is a tax on the proceeds of sales with more than $500,000

in profit, only on the portion above $500,000. See the explanation at

snopes.

http://www.snopes.com/politics/taxes/realestate.asp

Best regards,

Ann

[Guest guest]

Thank you for the sanity. I am so tired of underhanded politicizing. It is

getting out of hand. Nan

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> > Did you know that if you sell your house after 2012 you will pay a 3.8%

> > sales tax on it (Unearned income)? That's $3,800 on an 100,000 home etc.

> > When did this happen?

>

> It didn't. There is a tax on the proceeds of sales with more than $500,000

> in profit, only on the portion above $500,000. See the explanation at

> snopes.

>

> http://www.snopes.com/politics/taxes/realestate.asp

>

> Best regards,

>

> Ann

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