All Real Estate Transactions are now subject to a 3.8% Sales tax!

Remember all that discussion about the Congress not reading the entire healthcare bill? Well here are a few details that they aren’t bragging about.

Under the new health care bill – did you know that all real estate transactions are now subject to a 3.8% Sales Tax? The bulk of these new taxes don’t kick in until 2013 (presumably after Obama’s re-election).

You can thank Nancy, Harry and Barack and your local Democrat Congressman for this one. If you sell your $400,000 home, there will be a $15,200 tax. This will effect everyone that sells a home, not only those making over $250,000 as the Obama administration promised.

This bill is set to screw the retiring generation who often downsize their homes. Is this “Hope & Change” great or what?

We can vote the bums out in November and demand that they eliminate the bill or at the very least defund it. Then in 2012 repeal it.

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Posted in Financial, Tyranny and tagged , .