Posted by kathy/ca on 1/19/11 11:00am
Msg #369205

Did you know that after 2012, there will be a sales tax of

3.8% imposed on the sale of your house? Yes, thats right, its in the Obama Healthcare bill. That means that if you sell your house for $400k you will have to pay $15,200 in taxes. Will the bad news ever end????

Reply by Sylvia_FL on 1/19/11 11:06am
Msg #369207

I think you meant to post this in the political forum Kathy?

Reply by Dennis_IN on 1/19/11 6:09pm
Msg #369285

Sylvia, I think this is VERY relevent to our business

If this is so, it will have a devastating impact on home sales.

Reply by Glenn Strickler on 1/19/11 11:57am
Msg #369217

Any new taxes are bad and will affect home sales and our business, so this is probably the proper forum to post the news.

The tax will be on the profit made on the home, not the total sales price. So, while bad, not as bad as a tax on the total sales price. No profit, no tax.

Reply by Linda_H/FL on 1/19/11 12:04pm
Msg #369221

Sort of...

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

Reply by kcg on 1/19/11 1:04pm
Msg #369229

Thank you Linda

.....for posting a link. I am so weary of all the mis-information that is passed along on the internet and of all the people who believe every single thing, take the time to pass it on but can't be bothered to take a minute to check it out.

Reply by JanetK_CA on 1/19/11 4:05pm
Msg #369262

"all the mis-information..." Isn't that the truth!!! n/m

Reply by MW/VA on 1/20/11 2:27pm
Msg #369381

Re: Thank you Linda

Thanks, Linda. It's amazing how much false info is floating around, especially on the internet.
I wish everyone would check it out first, before posting.

Reply by kathy/ca on 1/19/11 1:46pm
Msg #369232

Thx Glenn & Linda H. for the add'l info, good to know! n/m

Reply by Trans State Services, Inc - Administration on 1/19/11 2:19pm
Msg #369236

Re: Thx Glenn & Linda H. for the add'l info, good to know!

Anyone interested in Federal Healthcare Plan, Fact vs Fiction,
free and open to the public
today 6pm eastern at St petersburg College
to watch the event online
mms://media.spcollege.edu/healthcare

Reply by anotaryinva on 1/19/11 5:31pm
Msg #369279

How about if you want to refi

http://www.washingtonpost.com/wp-dyn/content/article/2011/01/07/AR2011010702067.html

Reply by Linda_H/FL on 1/19/11 5:38pm
Msg #369281

Glad I'm not gonna be selling..or refinancing... n/m

Reply by Paul2_FL on 1/20/11 9:29am
Msg #369330

Re: How about if you want to refi

Thank you for the article. I can see the ripple effect (cost cutting) this will have all the way down to us NSA's.