Equity Tax of 3.8% in the Health Care Bill

[Hobie]

“One of the latest revelations is a 3.8-percent new tax on home sale “profits” when the equity pocketed by an individual seller exceeds $250,000 or $500,000 for a couple.”

This is in addition to the capital gains tax. What do you think this will do to the inventory? A lot more in family transfers?

http://www.ocregister.com/opinion/tax-260906-percent-many.html

Actual bill: Page 947, section (iii)
(page 966 in the .pdf matches page 947 in the doc)

http://docs.house.gov/energycommerce/ppacacon.pdf

[SD Transplant]

yep….surprise surprise. I’ve heard there is a tax on gold (coins) as well…cheers

[SD Transplant]

yep….surprise surprise. I’ve heard there is a tax on gold (coins) as well…cheers

[SD Transplant]

yep….surprise surprise. I’ve heard there is a tax on gold (coins) as well…cheers

[SD Transplant]

yep….surprise surprise. I’ve heard there is a tax on gold (coins) as well…cheers

[SD Transplant]

yep….surprise surprise. I’ve heard there is a tax on gold (coins) as well…cheers

[AK]

snopes.com declares this one “mostly false”:

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

The 3.8% applies to capital gains after the $500K capital gains threshold for selling a residence … I doubt that any Piggs find themselves in this enviable position … and if you do, congratulations, but you should be getting your financial advice from professionals 🙂

I’d be wary of anything that comes out of the OC Register’s editorial section. (And I used to work there.)

[AK]

snopes.com declares this one “mostly false”:

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

The 3.8% applies to capital gains after the $500K capital gains threshold for selling a residence … I doubt that any Piggs find themselves in this enviable position … and if you do, congratulations, but you should be getting your financial advice from professionals 🙂

I’d be wary of anything that comes out of the OC Register’s editorial section. (And I used to work there.)

[AK]

snopes.com declares this one “mostly false”:

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

The 3.8% applies to capital gains after the $500K capital gains threshold for selling a residence … I doubt that any Piggs find themselves in this enviable position … and if you do, congratulations, but you should be getting your financial advice from professionals 🙂

I’d be wary of anything that comes out of the OC Register’s editorial section. (And I used to work there.)

[AK]

snopes.com declares this one “mostly false”:

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

The 3.8% applies to capital gains after the $500K capital gains threshold for selling a residence … I doubt that any Piggs find themselves in this enviable position … and if you do, congratulations, but you should be getting your financial advice from professionals 🙂

I’d be wary of anything that comes out of the OC Register’s editorial section. (And I used to work there.)

[AK]

snopes.com declares this one “mostly false”:

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

The 3.8% applies to capital gains after the $500K capital gains threshold for selling a residence … I doubt that any Piggs find themselves in this enviable position … and if you do, congratulations, but you should be getting your financial advice from professionals 🙂

I’d be wary of anything that comes out of the OC Register’s editorial section. (And I used to work there.)

[Coronita]

[quote=AK]snopes.com declares this one “mostly false”:

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

The 3.8% applies to capital gains after the $500K capital gains threshold for selling a residence … I doubt that any Piggs find themselves in this enviable position … and if you do, congratulations, but you should be getting your financial advice from professionals 🙂

I’d be wary of anything that comes out of the OC Register’s editorial section. (And I used to work there.)[/quote]

It’s $500k for married couple, or $250k for individual. The $250k is entirely possible.

[Coronita]

[quote=AK]snopes.com declares this one “mostly false”:

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

The 3.8% applies to capital gains after the $500K capital gains threshold for selling a residence … I doubt that any Piggs find themselves in this enviable position … and if you do, congratulations, but you should be getting your financial advice from professionals 🙂

I’d be wary of anything that comes out of the OC Register’s editorial section. (And I used to work there.)[/quote]

It’s $500k for married couple, or $250k for individual. The $250k is entirely possible.

[Coronita]

[quote=AK]snopes.com declares this one “mostly false”:

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

The 3.8% applies to capital gains after the $500K capital gains threshold for selling a residence … I doubt that any Piggs find themselves in this enviable position … and if you do, congratulations, but you should be getting your financial advice from professionals 🙂

I’d be wary of anything that comes out of the OC Register’s editorial section. (And I used to work there.)[/quote]

It’s $500k for married couple, or $250k for individual. The $250k is entirely possible.

[Coronita]

[quote=AK]snopes.com declares this one “mostly false”:

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

The 3.8% applies to capital gains after the $500K capital gains threshold for selling a residence … I doubt that any Piggs find themselves in this enviable position … and if you do, congratulations, but you should be getting your financial advice from professionals 🙂

I’d be wary of anything that comes out of the OC Register’s editorial section. (And I used to work there.)[/quote]

It’s $500k for married couple, or $250k for individual. The $250k is entirely possible.

[Author]

Posts