“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes,”
President Obama, September 12, 2008
Beginning January 1, 2013, ObamaCare imposes a 3.8% Medicare tax on unearned income, including the sale of single family homes, townhouses, co-ops, condominiums, and even rental income.
In February 2010, 5.02 million homes were sold, according to the National Association of Realtors. On any given day, the sale of a house, townhome, condominium, co-op, or income from a rental property can push middle-income families over the $250,000 threshold and slam them with a new tax they can’t afford.
This new ObamaCare tax is the first time the government will apply a 3.8 percent tax on unearned income. This new tax on home sales and unearned income and other Medicare taxes raise taxes more than $210 billion to pay for ObamaCare. The National Association of Realtors called this new Medicare tax on unearned income “destructive” and “ill-advised” and warned it would hurt job creation.
I'm not shocked Obama did say I will take your money, to make sure to share the wealth. (forgot to tell you he is not sharing with you, he is sending it over seas)
So the poor stay poor and the middle class live paycheck to paycheck.
Stealing from other has never worked!!
Everyone wants the benefits our government can provide, and NO ONE wants to pay for it.
NO! Not everyone wants the "benefits" our government provides ... and yes, I still don't want to pay for them.
Answer by -Eilish- at 10:25 AM on Jul. 12, 2011
Answer by Candi1024 at 10:15 AM on Jul. 12, 2011
I didn't vote for him.
Don't you remember "read my lips, no new taxes" Any politician that promises no new taxes, is a bit ignorant on how things work. Realistically, no one can ever promise no new taxes.
Answer by Candi1024 at 10:08 AM on Jul. 12, 2011
Answer by yourspecialkid at 10:24 AM on Jul. 12, 2011
You DO know that the original e-mail nfo came out in the fall of 2010.....almost three years ago.
LOL...I love highlighting the errors of the sanctimonious among us!!
Answer by LoriKeet at 11:41 AM on Jul. 12, 2011
You DO know that the original e-mail nfo came out in the fall of 2010.....almost three years ago. Answer by minnesotanice
Wow. And you had the nerve to say that I am not that intelligent? I'm no math whiz, but it's not even fall of 2011. That isn't even 12 months ago (12 months = 1 year - so I am told).
I love irony.
Answer by QuinnMae at 12:25 PM on Jul. 12, 2011
It's true with a twist. If you sell your house the first $250K isn't taxable beyond that yes. You know who this will effect? Retires who sell their paid for homes for something smaller and more manageable.
Answer by sopranomommy at 10:49 AM on Jul. 12, 2011
Answer by LoreleiSieja at 10:11 AM on Jul. 12, 2011
Ok, the whole idea that "Everyone wants the benefits our government can provide, and NO ONE wants to pay for it." is crap. I do want some "government" benefits - a reliable police force/fire department, well paved streets, working traffic lights, etc - and I'm glad that my tax dollars help to provide those services. However, I don't want to pay for others who won't provide for themselves - people need to stop getting government paid luxuries and start carrying their own weight.
Answer by scout_mom at 11:06 AM on Jul. 12, 2011
Answer by -Eilish- at 11:10 AM on Jul. 12, 2011