Equity Tax of 3.8% in the Health Care Bill

[(former)FormerSanDiegan]

The real story on the 3,8% tax is not on sale of primary residence.

Its impact will be greater on investment income and sale of investment properties.

If you make 150K and sell a rental property for more than 100K profit, you will be hit.

Currently it hits those making more than 250K. Is this indexed for inflaiton ? Or will it ensnare a bunch of us in 20 years (much like the AMT currently does) because it is not indexed to inflation?

[Hobie]

Guess I fell for the rhetoric during the campaign promising not increase on taxes if you make under $200k. Very short sighted of me to think of this as salary only. Silly me.

-Once burn’t always learn’t. See you at the polls.

@formerSD. True, but this on top of capital gains tax increasing if Bush’s cuts are allowed to expire will most certainly keep a damper on investment. Just don’t see these policies as trying to help grow our economy.

[Hobie]

Guess I fell for the rhetoric during the campaign promising not increase on taxes if you make under $200k. Very short sighted of me to think of this as salary only. Silly me.

-Once burn’t always learn’t. See you at the polls.

@formerSD. True, but this on top of capital gains tax increasing if Bush’s cuts are allowed to expire will most certainly keep a damper on investment. Just don’t see these policies as trying to help grow our economy.

[Hobie]

Guess I fell for the rhetoric during the campaign promising not increase on taxes if you make under $200k. Very short sighted of me to think of this as salary only. Silly me.

-Once burn’t always learn’t. See you at the polls.

@formerSD. True, but this on top of capital gains tax increasing if Bush’s cuts are allowed to expire will most certainly keep a damper on investment. Just don’t see these policies as trying to help grow our economy.

[Hobie]

Guess I fell for the rhetoric during the campaign promising not increase on taxes if you make under $200k. Very short sighted of me to think of this as salary only. Silly me.

-Once burn’t always learn’t. See you at the polls.

@formerSD. True, but this on top of capital gains tax increasing if Bush’s cuts are allowed to expire will most certainly keep a damper on investment. Just don’t see these policies as trying to help grow our economy.

[Hobie]

Guess I fell for the rhetoric during the campaign promising not increase on taxes if you make under $200k. Very short sighted of me to think of this as salary only. Silly me.

-Once burn’t always learn’t. See you at the polls.

@formerSD. True, but this on top of capital gains tax increasing if Bush’s cuts are allowed to expire will most certainly keep a damper on investment. Just don’t see these policies as trying to help grow our economy.

[SK in CV]

This is just bs. It’s only a revelation for those that weren’t paying attention. The surtax for high income taxpayers was long negotiated.

And it has zero to do with, as the article says “equity pocketed by a ..seller” . It has to do with profit. Gain. Equity is affected by debt. Gain is not.

This raises the tax rate on high income taxpayers to right around where it was before the Bush tax cuts.

The income level is without regards to wages or other business income. If you earn $400,000 a year from a job, and a have a few bucks in interest income, this tax will not apply.

[SK in CV]

This is just bs. It’s only a revelation for those that weren’t paying attention. The surtax for high income taxpayers was long negotiated.

And it has zero to do with, as the article says “equity pocketed by a ..seller” . It has to do with profit. Gain. Equity is affected by debt. Gain is not.

This raises the tax rate on high income taxpayers to right around where it was before the Bush tax cuts.

The income level is without regards to wages or other business income. If you earn $400,000 a year from a job, and a have a few bucks in interest income, this tax will not apply.

[SK in CV]

This is just bs. It’s only a revelation for those that weren’t paying attention. The surtax for high income taxpayers was long negotiated.

And it has zero to do with, as the article says “equity pocketed by a ..seller” . It has to do with profit. Gain. Equity is affected by debt. Gain is not.

This raises the tax rate on high income taxpayers to right around where it was before the Bush tax cuts.

The income level is without regards to wages or other business income. If you earn $400,000 a year from a job, and a have a few bucks in interest income, this tax will not apply.

[SK in CV]

This is just bs. It’s only a revelation for those that weren’t paying attention. The surtax for high income taxpayers was long negotiated.

And it has zero to do with, as the article says “equity pocketed by a ..seller” . It has to do with profit. Gain. Equity is affected by debt. Gain is not.

This raises the tax rate on high income taxpayers to right around where it was before the Bush tax cuts.

The income level is without regards to wages or other business income. If you earn $400,000 a year from a job, and a have a few bucks in interest income, this tax will not apply.

[SK in CV]

This is just bs. It’s only a revelation for those that weren’t paying attention. The surtax for high income taxpayers was long negotiated.

And it has zero to do with, as the article says “equity pocketed by a ..seller” . It has to do with profit. Gain. Equity is affected by debt. Gain is not.

This raises the tax rate on high income taxpayers to right around where it was before the Bush tax cuts.

The income level is without regards to wages or other business income. If you earn $400,000 a year from a job, and a have a few bucks in interest income, this tax will not apply.

[SK in CV]

[quote=Hobie]Guess I fell for the rhetoric during the campaign promising not increase on taxes if you make under $200k. Very short sighted of me to think of this as salary only. Silly me.

[/quote]

I don’t understand this. If you make under $200K it doesn’t apply. Which rhetoric did you fall for?

[SK in CV]

[quote=Hobie]Guess I fell for the rhetoric during the campaign promising not increase on taxes if you make under $200k. Very short sighted of me to think of this as salary only. Silly me.

[/quote]

I don’t understand this. If you make under $200K it doesn’t apply. Which rhetoric did you fall for?

[SK in CV]

[quote=Hobie]Guess I fell for the rhetoric during the campaign promising not increase on taxes if you make under $200k. Very short sighted of me to think of this as salary only. Silly me.

[/quote]

I don’t understand this. If you make under $200K it doesn’t apply. Which rhetoric did you fall for?

[SK in CV]

[quote=Hobie]Guess I fell for the rhetoric during the campaign promising not increase on taxes if you make under $200k. Very short sighted of me to think of this as salary only. Silly me.

[/quote]

I don’t understand this. If you make under $200K it doesn’t apply. Which rhetoric did you fall for?

[Author]

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